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Q1 CAD narrows to 1.7% of GDP: RBI

India Infoline News Service  | Mumbai September 01, 2014 17:42 IST

On a bop basis, merchandise exports at us$ 81.7 billion increased by 10.6 per cent in q1 of 2014-15 as against a decline of 1.5 per cent in q1 of 2013-14.

RBI eases foreign transaction norms for buying govt bonds

India Infoline News Service  | Mumbai September 01, 2014 17:20 IST

Earlier foreign investors had to buy the government bonds in the secondary market by going through exchange-registered brokers only.

India needs Financial Conditions Index: RBI

India Infoline News Service  | Mumbai September 01, 2014 17:18 IST

The financial conditions index is the synthesis of information content in the money, bond, foreign exchange and stock markets

India's Q1 FY14-15 growth surprises: HSBC Global Research

India Infoline News Service  | Mumbai September 01, 2014 16:12 IST

India's gdp growth was better-than-expected, led by front-loading of government expenditure and improved investor sentiment following decisive may election results

SBI and Japan Bank for International Cooperation sign export credit line agreement

India Infoline News Service  | Mumbai September 01, 2014 15:26 IST

The loan is co-financed with the bank of tokyo-mitsubishi ufj ltd (btmu) which brings the total co-financing amount to jpy 13.5 billion and us$21mn approx

Microfinance industry continues to grow at a fast pace in India: MFIN

India Infoline News Service  | Mumbai September 01, 2014 14:22 IST

The aggregate gross loan portfolio (glp) of micro finance institutions (mfis) stood at rs 261.5 bn, registering a growth of 44% over the same quarter of the last fiscal.

SEBI to bar wilful defaulters of bank loans

India Infoline News Service  | Mumbai September 01, 2014 12:18 IST

To impose restrictions on wilful defaulters, rbi has suggested to sebi that such entities should be prevented from raising funds through capital markets

DBS Bank launched Working Capital Advisory Programme

India Infoline News Service  | Mumbai September 01, 2014 12:00 IST

Dbs bank offer this unique programme will analyse both physical and financial supply chains and reduce overall banking costs for partners

Pradhan Mantri Jan-Dhan Yojana: No burden on banks rather makes a reasonable business case for them

India Infoline News Service  | Mumbai September 01, 2014 08:50 IST

Experience of certain banks was looked at and it was found that financial inclusion makes a reasonable business case for the banks due to casa deposits from such accounts.

IDBI Bank opens more than 3.62 Lakh basic savings accounts under 'Pradhan Mantri Jan Dhan Yojana'

India Infoline News Service  | Mumbai August 30, 2014 11:42 IST

Under this plan, each account holder is being provided with passbook and rupay debit/atm card which carries free accidental insurance cover of rs.1 lakh and an overdraft facility of rs. 2000.

The Week That Was

India Infoline News Service  | Mumbai August 28, 2014 19:37 IST

The supreme court (sc) on monday declared that all coal mining licences awarded between 1993 and 2010 are illegal.

PM launches Pradhan Mantri Jan Dhan Yojana

India Infoline News Service  | Mumbai August 28, 2014 18:55 IST

The prime minister said that though the initial target of pmjdy was to open bank accounts for 7.5 crore families in one year, he had exhorted the concerned officials to complete the task before the next republic day.

ICICI Bank participates in Pradhan Mantri Jan Dhan Yojana

India Infoline News Service  | Mumbai August 28, 2014 17:57 IST

Under this scheme, the bank offers each account holder a passbook, a rupay debit card with an accidental cover and literature on banking facilities at the time of opening an account.

PNB selects Mphasis as a strategic partner to deliver customer relationship services

India Infoline News Service  | Mumbai August 28, 2014 16:14 IST

Mphasis will support pnb in improving the quality of its customer service and enable intelligent customer engagement through optimal utilization of data.

Banks are geared up to universalize banking access and financial inclusion: SBI

India Infoline News Service  | Mumbai August 28, 2014 15:22 IST

The use of debit cards will allow the unbanked to start building a transaction history, which can be a decisive step in initiating them towards financial inclusion.

Banking Newsletter - August 25 to 28, 2014

India Infoline News Service  | Mumbai August 28, 2014 12:56 IST

The reserve bank of india (rbi) has delegated to banks the power to approve in cases where the average maturity period (amp) of fresh external commercial borrowing (ecb) is more than the residual maturity of an existing one.

Bank stocks fall on large-scale banking scam

India Infoline News Service  | Mumbai August 28, 2014 12:32 IST

The mumbai eow has uncovered rs 1,000 crore banking fraud at dena bank, iob, other psbs

Mother Dairy launches 'SBI-Mother Dairy SmartChange Card' for Milk Booths in Delhi

India Infoline News Service  | Mumbai August 28, 2014 10:52 IST

Mother dairy in its bid to ensure that the project is a success amongst the consumers ran a month long pilot project before launching the smartchange card.

IT dues can be paid at RBI offices, banks

India Infoline News Service  | Mumbai August 28, 2014 10:38 IST

The rbi said the assessees can use alternate channels like select branches of banks or the facility of online payment of taxes offered by banks

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