Tuesday , October 17 2017

Tag Archives: Banking and Finance News

All India Bank Employees’ Association signs an MoU with Govt and Bank Management

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The government decided not to cut down the employee benefits as a part of bank turnaround plan, this made the employee association to sign an MoU with the bank management and administration. The administration has decided not to reduce the benefits of the bank employees as a part of Bank ...

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RBI Permits IBU’s to Engross in Derivative Transactions

The RBI has permitted IFSC banking units (IBUs) to engross in derivative transactions. This is to boost activity in international financial services Centre’s (IFSCs). An IBU could potentially become the part of the exchange in an IFSC to trade in interest rate and currency derivatives. According to RBI, They can carry out derivative ...

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India Considers Help from Private Banks to Plug Infrastructure Gap

Government of India is turning to the private sector for seeking help in $1.5 trillion infrastructure gap India considers seeking help from the private sector to clear a chronic insufficiency of capital for infrastructure projects. The Reserve Bank of India is recommending licenses to private companies for setting up the ...

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Brightstar: Indian Market can Achieve a 60% Growth in 2017

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Brightstar, is now a part of Indian market have revealed that it has witnessed Indian Market soaring high since its inception and it could possibly gain 60% growth in 2017. Brightstar, which took possession of majority of stake in Beetel Teletech in 2014,  revealed that India’s Business potential to raise ...

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All India Bank Employees’ Association is all set to turn 10 weak PSBs

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The All India Bank Employees’ Association is ready to turn 10 weak Banks. They are ready to work for the upliftment of their banks but has certain different opinions with the Government policies. The All India Bank Employees’ Association (Aibea) General Secretary C.H. Venkatachalam revealed IANS late on Wednesday, that they are ...

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Will the Bank Cut Loans Rates?

RBI Governor, Raghuram Rajan alongwith deputy governors and  Urjit Patel,  the press conference to announce the RBI monetary policy in Mumbai on Tuesday.
Express Photo By-Ganesh Shirsekar 03/02/2015

  RBI faces five challenges in cutting rates. RBI Governor Urjit Patel Confronts on the issues and raised concerns that it would potentially risk inflation. The Indian Consumers are expecting drop in loan rates which could probably help them in recovering from the crucial demonetisation phase . But according to ...

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SBI Merger with its Subsidiaries would Improve Bad Loan Scenarios

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SBI Chairman Arundhati Bhattacharya affirms no more bad loan surprises after the subsidiary merger to the parent bank. Senior executives of State Bank of India told that the bank after merging five subsidiary banks with itself expects to see no bad loans in future. The nation’s top lender by assets, ...

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Loksabha Witnessed Bill to Amend Customs and Excise Acts Launch

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Finance Minister Arun Jaitley introduces Amendment bills including customs, excise acts in Lok Sabha Today, Loksabha witnessed the introduction of a bill to revise the customs and excise acts to match with the newly introduced GST regime by the Finance Minister Arun Jaitley. The bill would be revised according to ...

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Kotak Mahindra Bank’s New Mobile app can Change the Banking System

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Kotak Mahindra Bank has declared the launch of its new digital banking app which provides 811 banking services and which aims to change banking in India. Kotak Mahindra Bank is striving to achieve prospective growth in the Indian banking sector via its new launch of a mobile app which provides ...

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