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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

RBI simplifies KYC norms for account opening

India Infoline News Service  | Mumbai August 28, 2014 10:03 IST

There is now no requirement of submitting two separate documents for proof of identity and proof of address

RBI relaxes norms for ECB refinance

India Infoline News Service  | Mumbai August 28, 2014 09:52 IST

All-in-cost of fresh ecb should be less than that of the all-in-cost of existing ecb

Rx Office Legal & Recovery the one stop solution for banks to track their NPAs

India Infoline News Service  | Mumbai August 28, 2014 09:01 IST

Rx office recovery & legal will enable financial organizations to manage, track and take appropriate actions within the legal and rbi guidelines on the npa.

ADB should give priority to regional connectivity projects: PM

India Infoline News Service  | Mumbai August 28, 2014 08:35 IST

President, adb mentioned that india has great potential to grow faster and adb will be supporting india to reach its potential.

UCO Bank stock slips 8%

India Infoline News Service  | Mumbai August 27, 2014 12:17 IST

The stock has hit a high of rs93 and a low of rs89.

Sundaram Home Finance launches special scheme for Rural Housing

India Infoline News Service  | Mumbai August 27, 2014 10:24 IST

Sundaram bnp paribas home finance launched a new scheme for funding rural houses at a concessional rate of interest.

FM stresses on Capital increase in the ADB to maintain a leading role in development financing in Asia

India Infoline News Service  | Mumbai August 27, 2014 08:51 IST

Adb is assisting in developing the east coast corridor from kolkata to tuticorin with first phase with a view to integrate in global value chain especially in manufacturing.

Al Tayyar Travel group deploys Accelyas eTAMIS across their global network

India Infoline News Service  | Mumbai August 27, 2014 08:45 IST

Al tayyar was using etamis to travel agents and travel management companies for their sales in saudi arabian market.

SBI celebrates milestone of 10,000 branches on MPLS

India Infoline News Service  | Mumbai August 26, 2014 16:37 IST

State bank of india is migrating its telecom network of branches and offices to multi protocol label switching

SBI revises interest rate on home loans

India Infoline News Service  | Mumbai August 26, 2014 16:26 IST

Sbi has reduced its home loan rates by 5-15 basis points to offer uniform interest rate on home loans

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