Bank Harpur So

Everything you need to know about Bank Harpur So: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Bank Harpur So: news, reviews, in-depth analysis, opinion and more

China central bank switches to liquidity injection

May 23, 2013 at 4:22 PM

Beijing, May 23 (IANS) The People's Bank of China (PBOC), the country's central bank, swung back to liquidity injection this week with 128 billion yuan ($20.9 billion) being pumped into the banking system through its regular open market operations.

SBI profit drops 18.5 percent in January-March quarter

May 23, 2013 at 3:34 PM

Mumbai, May 23 (IANS) India's largest lender State Bank of India (SBI) Thursday said its net profit dropped by 18.54 percent to Rs.3,299.22 crore in the quarter ended March 31 owing to lower interest income and higher provisioning.

Japanese economy has begun to recover: central bank

May 23, 2013 at 11:42 AM

Tokyo, May 23 (IANS/EFE) Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese GDP.

Union Bank of India declared results for PO, check results

May 22, 2013 at 4:56 PM

Union Bank of India has declared the final result for Bank PO results provisionally. The results for the list of 730 candidates as Probationary Officers in JMG SC-1

U.S. dollar slips against euro after Fed official remarks

May 22, 2013 at 4:14 PM

Beijing, May 22 (Xinhua-ANI): The U.S. dollar advanced against most major currencies on Tuesday, but weakened against the euro after a U.S. Federal Reserve official indicated that the central bank may not taper its bond-purchasing program soon.

SunTec launches next generation product suite Xelerate

May 22, 2013 at 3:42 PM

Thiruvananthapuram, May 22 (IANS) Technopark-based SunTec Business Solutions Wednesday launched its next generation product suite - Xelerate.

Qatar National Bank to start operation in India

May 21, 2013 at 6:30 PM

New Delhi, May 21 (IANS) Qatar National Bank (QNB), one of the Gulf region's largest lender, Tuesday said it will set up a fully-owned subsidiary in India and start operations in the third quarter of 2013.

Weaker yen fuels economic optimism in Japan

May 21, 2013 at 11:58 AM

Tokyo, May 21 (IANS/EFE) The Japanese government Monday revised upward its evaluation of the economy given the weakness of the yen, which is helping to push exports and encouraging companies to increase production.

British economy in modest recovery: central bank governor

May 20, 2013 at 1:26 PM

London, May 20 (IANS) Bank of England Governor Mervyn King said in a television interview that Britain's economy had achieved "only a modest recovery".

US role in Mideast peace lacks credibility: Palestinian official

May 19, 2013 at 8:22 PM

Ramallah, May 19 (IANS) The role of the US in reviving the Palestinian-Israeli peace negotiations lacks credibility, a Palestinian official said Sunday.

Selling less gold coins may not reduce consumption: SBI chief

May 18, 2013 at 9:10 PM

Kolkata, May 18 (IANS) State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the central bank's request to banks not to aggressively sell gold products may not lead to a reduction in consumption and greater steps are required to check the demand for the precious metal.

SBI's overseas business margins under pressure: Chairman

May 18, 2013 at 5:02 PM

Kolkata, May 18 (IANS) Public sector lender State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the lender's margins in overseas business were under pressure.

Sensex rallies for 5th straight week; up 164 points (Weekly market review)

May 18, 2013 at 5:02 PM

Mumbai, May 18 (IANS) Key indices of Indian equities markets rallied for the fifth week in a row, with the benchmark Sensex gaining 164 points in the weekly trade as a sharp drop in inflation boosted hopes of an early rate cut by the Reserve Bank of India.

Make people aware of shady firms: SBI chief

May 18, 2013 at 3:58 PM

Kolkata, May 18 (IANS) Pratip Chaudhuri, chairman of the country's largest lender, State Bank of India (SBI), said Saturday that the RBI and SEBI should start public awareness campaigns for depositors on the risk of investing in shady companies.

Turkish Bank deploys Infosys' Finacle software

May 17, 2013 at 4:46 PM

Bangalore, May 17 (IANS) Leading Turkish private bank Turkland Bank has deployed Finacle software product of Indian IT bellwether Infosys for its core banking, customer relationship management and treasury operations.

India, China to be biggest investors by 2030: World Bank

May 17, 2013 at 4:06 PM

New Delhi, May 17 (IANS) India and China will be the biggest investors by 2030, accounting for 38 percent of the global gross investment and almost half of all the world manufacturing investment, says the World Bank.

Commonwealth Bank to sponsor Australian Test team, series

May 15, 2013 at 5:34 PM

Melbourne, May 15 (IANS) Cricket Australia (CA) and the Commonwealth Bank Wednesday announced a renewal of their long-standing partnership with Commonwealth Bank set to become the Test team and Test series partner for the next four Australian seasons beginning with this summer's Ashes in Australia.

RBI to issue inflation-linked bonds

May 15, 2013 at 5:34 PM

Mumbai, May 15 (IANS) The Reserve Bank of India (RBI) will issue inflation-linked bonds of Rs.12,000 crore to Rs.15,000 crore in the current financial year to protect the savings of the poor and middle classes from the general price rise and help curb gold imports.

Sensex surges 500 points on rate cut hopes

May 15, 2013 at 4:30 PM

Mumbai, May 15 (IANS) A benchmark index of the Indian equities markets surged nearly 500 points Wednesday led by strong buying support in interest rate-sensitive banking, realty and auto stocks on expectation of rate-cut after inflation fell to a three-year-plus low.

Sensex rallies 400 points on rate cut hopes

May 15, 2013 at 1:42 PM

Mumbai, May 15 (IANS) A benchmark index of the Indian equities markets surged more than 400 points Wednesday led by strong buying support in interest rate-sensitive banking, realty and auto stocks on expectation of rate-cut after inflation fell to a three-year-plus low.

United Bank plans QIP for raising Rs.1,000 crore

May 14, 2013 at 9:26 PM

Kolkata, May 14 (IANS) Public sector United Bank of India is planning to opt for a qualified institutional placement (QIP) for raising about Rs.1,000 crore capital, a top official of the bank said Tuesday.

United Bank Q4 net down by 79 percent

May 14, 2013 at 8:38 PM

Kolkata, May 14 (IANS) Public sector lender United Bank of India Tuesday reported a 79 percent dip in its net profit to Rs.31.18 crore for the quarter ended March 31, 2013, from Rs 149.29 crore for the same period in the previous year.

RBI yet to order banks to clear dues of armed forces pensioners

May 13, 2013 at 1:42 PM

New Delhi, May 13 (ANI): Despite the Reserve Bank of India (RBI) ordering banks to clear all dues of armed forces pensioners, the former is yet to hand over these amounts.

Bank of England facing court threat after decision to replace woman with man on notes

May 12, 2013 at 1:34 PM

London, May 12 (ANI): The Bank of England is facing a threat of court action for failing to adhere to equality laws following its decision to replace the only historical female figure on English banknotes with a man.

India's forex reserves down $2 billion

May 11, 2013 at 6:06 PM

Mumbai, May 11 (IANS) India's foreign exchange (forex) reserves decreased by $2.06 billion to $294.30 billion for the week ended May 3, according to data released by the central bank.

25 weirdest questions asked in job interviews

May 11, 2013 at 12:14 PM

Washington, May 11 (ANI): To help job-seekers prepare for interviews, career guidance company Glassdoor has compiled a list of 25 strange questions which were asked from prospective candidates in 2012.

Cyber thieves hacked Indian firm in '21st-century bank heist'

May 10, 2013 at 9:34 PM

New York, May 10 (IANS) An international gang of cyber thieves, accused of stealing $45 million from banks around the globe in "a massive 21st-century bank heist", infiltrated an unnamed Indian card-processing company in one of their operations, according to a media report.

Mexican government proposes bank reforms to spur growth

May 10, 2013 at 11:10 AM

Mexico City, May 10 (IANS/EFE) The Mexican government proposed a bank reform package aimed at spurring lending and promoting economic growth.

Punjab National Bank Q4 net profit dips 20.6 percent

May 9, 2013 at 5:36 PM

New Delhi, May 9 (IANS) Punjab National Bank's net profit dropped 20.6 percent during the fourth quarter (January to March) of fiscal 2012-13.

RBI will act against institutions laundering money: RBI governor

May 9, 2013 at 5:36 PM

Srinagar, May 9 (IANS) The Reserve Bank of India (RBI) has completed investigations against banks after the expose by web portal Cobrapost for violating prudential banking norms and will take action if they are found guilty, Governor D. Subbarao said here Thursday.

Indian Bank net falls by Rs.166 crore

May 9, 2013 at 4:16 PM

Chennai, May 9 (IANS) Government-owned Indian Bank closed last fiscal with a Rs.166 crore fall in its net profit owing to higher provisioning for bad debts and other accounts despite the total income going up by Rs.1,717 crore.

Union Bank net up by 2.07 percent in Q4 of FY13

May 9, 2013 at 2:56 PM

New Delhi, May 9 (IANS) Public sector Union Bank posted a 2.07 percent rise in net profit to Rs.789 crore for the last quarter (January-March) of the 2012-13 financial year from Rs.773 crore clocked during the corresponding period in 2011-12.

Surprising clutch of hydrogen clouds found lurking between nearby galaxies

May 9, 2013 at 2:00 PM

London, May 9 (ANI): Astronomers have discovered a never-before-seen cluster of hydrogen clouds strewn between two nearby galaxies, Andromeda (M31) and Triangulum (M33).

Foreign exchange earnings from tourism increases by 7.5 % in April

May 9, 2013 at 10:49 AM

New Delhi, May 9 (ANI): The foreign exchange earnings from tourism increased by 7.5 per cent in April as compared to the same period last year, even though there was no change in the number of foreign tourists.

SBI California ordered to clean up US operations

May 8, 2013 at 8:24 PM

Washington, May 8 (IANS) The California-based subsidiary of State Bank of India (SBI) has agreed to take a series of steps to improve its banking practices related to bad loans following a review by US regulators.

16 Palestinians arrested by Israeli army in West Bank raid

May 8, 2013 at 3:45 PM

Jerusalem, May 8 (Xinhua-ANI): The Israeli army arrested 16 Palestinians in the West Bank overnight Tuesday for their alleged involvement in security-related offenses.

State Bank of Hyderabad to continue as independent bank

May 8, 2013 at 3:45 PM

Hyderabad, May 8 (IANS) State Bank of Hyderabad (SBH) Wednesday said it is not considering merger with the State Bank of India (SBI) and that it will continue as an independent bank.

Russia to take $40 mn loan from World Bank

May 8, 2013 at 7:52 AM

Moscow, May 8 (IANS/RIA Novosti) Russia will take a $40 million loan from the World Bank to prevent forest fires and promote sustainable forest management, a government resolution said Tuesday.

UCO Bank Q4 net slides 80 percent

May 7, 2013 at 9:36 PM

Kolkata, May 7 (IANS) Public sector lender UCO Bank Tuesday registered 80.40 percent slide in its net profit to Rs.59.55 crore for the quarter ended March 31, 2013 from Rs.252.84 crore during the same period in the previous year.

Cobrapost expose: Banks, insurance firms suspend 15 employees

May 7, 2013 at 7:28 PM

New Delhi, May 7 (IANS) The government Tuesday said public sector banks and insurance companies have suspended at least 15 officers and employees on money laundering allegations as exposed in a sting operation by an investigative website Cobrapost.

Cobrapost: Finance Ministry for immediate action against staff

May 7, 2013 at 12:48 PM

New Delhi, May 7 (ANI): The Finance Ministry has asked public sector banks and the Life Insurance Corporation (LIC) to take immediate action against employees who "appear to be advising" customers on ways to violate regulatory norms, including the Know Your Customer (KYC)norm.

Tensions still exist between India and China: Pentagon

May 7, 2013 at 11:52 AM

Washington, May 7 (ANI): Throwing light on the Chinese incursion in Ladakh, the Pentagon today informed the U.S. Congress that tensions remain between India and China on their long border while noting that Beijing's use of force in territorial disputes has varied throughout its history.

Govt. for immediate action against those exposed by Cobrapost, Red Spider 2 expose

May 6, 2013 at 8:16 PM

New Delhi, May 6 (ANI): The government has asked the Chairman-cum-Managing Directors (CMDs) of Public Sector Banks (PSBs) and LIC to initiate immediate action against those exposed by Cobrapost, Red Spider 2 Expose.

Government asks financial firms to probe money laundering allegations

May 6, 2013 at 8:00 PM

New Delhi, May 6 (IANS) The government Monday asked top financial institutions, including State Bank of India, Punjab National Bank and the Life Insurance Corporation, to probe into the allegations of money laundering as exposed in a sting operation by an investigative website Cobrapost.

Top banks, insurance firms involved in money laundering: Cobrapost

May 6, 2013 at 6:56 PM

New Delhi, May 6 (IANS) An investigative website Cobrapost Monday alleged that at least 23 top public and private banks and insurance companies have been doing large-scale money laundering. Several of the firms named denied the allegation.

SBI, LIC involved in money laundering: Cobrapost

May 6, 2013 at 5:04 PM

New Delhi, May 6 (ANI): An online magazine 'Cobrapost' has accused the State Bank of India (SBI), the Life Insurance Corporation of India (LIC) and various other banks and private insurers of indulging in money laundering.

Kazakhstan diversifying economic base, looking forward to hosting 2014 ADB meet: Minister

May 6, 2013 at 2:09 PM

New Delhi, May 6 (ANI): Kazakhstan's Minister for Economy and Budget Planning, Yerbolat Dossayev, has said that his country is looking forward to hosting the 47th meeting of the Board of Governors of the Asian Development Bank (ADB) in Astana in the first week of May 2014.

Japan, India to go ahead with n-talks

May 5, 2013 at 3:16 AM

Tokyo, May 5 (IANS/RIA Novosti) Japan and India will continue talks on a bilateral agreement for civilian nuclear energy cooperation, Japanese finance ministry officials said.

Abbas eyes China's role in peace process with Israel

May 3, 2013 at 10:44 PM

Ramallah, May 3 (IANS) Palestinian President Mahmoud Abbas Friday said he will let the Chinese leaders know the barriers currently rooted in Palestinians' talks with Israel, as he expects Beijing's contribution to the stalled peace process, reported Xinhua.

RBI tightens rules to curb gold imports

May 3, 2013 at 7:24 PM

Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday said it will tighten regulations for overseas purchase of gold by banks and restrict loan facilities to curb the import of the yellow metal.

RBI cuts policy rates third time to spur growth (Roundup)

May 3, 2013 at 6:44 PM

Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut key policy rates by a quarter percent for the third time since January, a move that will help revive economic growth and make auto, housing and other loans cheaper.

RBI cuts key rates by 25 bps

May 3, 2013 at 12:52 PM

The Reserve Bank of India (RBI), India's master Friday cuts key rates by 25 basis points (bps) making long-term loans cheaper....................

RBI cuts repo rate by 25 basis points to 7.25%, holds CRR

May 3, 2013 at 12:44 PM

Mumbai, May 3 (ANI): The Reserve Bank of India (RBI) on Friday reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points, from 7.5 per cent to 7.25 per cent with immediate effect.

Remittances to Mexico fall

May 3, 2013 at 12:20 PM

Mexico City, May 3 (IANS/EFE) Remittances sent by Mexicans living abroad fell 14.7 percent to $1.78 billion in March, compared to the same month in 2012, the Bank of Mexico said Thursday.

Loans to get cheaper as RBI cuts key policy rates

May 3, 2013 at 12:04 PM

Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut key policy rates by 0.25 percent, a move that will make auto, housing and other loans cheaper and help accelerate economic growth.

RBI cuts key policy rate by 0.25 percent

May 3, 2013 at 11:56 AM

Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut a key policy rate by 0.25 percent. This will make auto, housing and other loans cheaper and help accelerate economic growth.

RBI cuts key policy rate by 0.25 percent

May 3, 2013 at 11:16 AM

Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut the key policy rate by 0.25 percent, making auto, housing and other loans cheaper.

ECB cuts benchmark rate

May 3, 2013 at 10:52 AM

Bratislava, May 3 (IANS/EFE) The European Central Bank Thursday cut its benchmark interest rate to a record low of 0.50 percent in an effort to boost economic growth in the Eurozone.

Abbas expects US pressure on Israel to resume peace talks

May 2, 2013 at 10:36 PM

Ramallah, May 2 (IANS) Palestinian President Mahmoud Abbas expects that the US would exercise pressure on Israel to accept resuming peace talks on the basis of a two-state solution, a Palestinian official said Thursday, reported Xinhua.

'Very limited' room for monetary easing, says RBI

May 2, 2013 at 8:52 PM

Mumbai, May 2 (IANS) Dashing expectations of an interest rate cut that have risen because of the recent softening in inflation, as well as decline in crude and gold prices, the Reserve Bank of India Thursday said there is "very limited" space for that in fiscal 2013-14 because of multiple global and domestic risks, notably inflation.

CA to announce mega deal with Commonwealth Bank

May 2, 2013 at 12:20 PM

Sydney, May 2 (ANI): Cricket Australia (CA) is poised to announce a new mega deal, estimated to be worth almost 50 million dollars over four years, with Commonwealth Bank of Australia, which will make the bank CA's primary sponsor.

Israeli PM for peace deal with Palestinians

May 1, 2013 at 8:52 PM

Jerusalem, May 1 (IANS) Israel needs to strike a peace deal with the Palestinians in order to prevent the Jewish nation from becoming a "bi-national state", Prime Minister Benjamin Netanyahu said Wednesday.

British consumer confidence declines

May 1, 2013 at 11:56 AM

London, May 1 (IANS) Consumer confidence in Britain unexpectedly declined in April as inflation kept running above the Bank of England's (BoE) target, increasing households' concern about their person finances, said GfK, a London-based research group.

Spain's economy contracts

May 1, 2013 at 10:28 AM

Madrid, May 1 (IANS/EFE) Spain's economy contracted 0.50 percent in the first quarter of this year, or three-tenths of a percent less than in the final quarter of 2012, the National Statistics Institute, or INE, said Tuesday.

Israeli settlers turn violent in West Bank after deadly attack

April 30, 2013 at 10:04 PM

Jerusalem, April 30 (IANS) Dozens of Israeli settlers in the West Bank set fire to Palestinian lands and properties and hurled stones at Palestinian vehicles, following a deadly attack Tuesday morning in which a Palestinian stabbed a settler to death, reported Xinhua citing local media.

India vouches for safety, efficacy of its drugs

April 29, 2013 at 7:32 PM

New Delhi, April 29 (IANS) India Monday vouched for the safety and efficacy of drugs manufactured by it and asked African countries not to mix patent issues with those of quality.

Abbas begins talks to form Palestinian national government

April 27, 2013 at 7:40 PM

Ramallah, April 27 (IANS) Palestinian President Mahmoud Abbas began discussions Saturday to form a national government, reported Xinhua citing the official Wafa news agency.

India's forex reserves down $485 mn

April 27, 2013 at 7:40 PM

Mumbai, April 27 (IANS) India's foreign exchange (forex) reserves decreased by $485.9 million to $294.76 billion for the week ended April 19, according to data released by the central bank.

NBAD named best bank in UAE

April 27, 2013 at 3:24 AM

Abu Dhabi, April 27 (IANS/WAM) The National Bank of Abu Dhabi (NBAD) has been named the best bank in the UAE by Global Finance, a prestigious financial magazine.

ICICI Bank profit rises 21 percent

April 26, 2013 at 4:12 PM

Mumbai, April 26 (IANS) India's second largest lender ICICI Bank Friday said its net profit increased 21 percent to Rs.2,304.07 crore for the quarter ended March 31, 2013 on the back of higher earnings from loans.

Central Bank of India recruitment of specialist officers 2013

April 26, 2013 at 1:42 PM

Central Bank of India invites applications from India citizens for the recruitment of specialist category officers in various scales, 2012-2013. The applications have been invited for the following posts:

Takehiko Nakao elected ADB president

April 26, 2013 at 1:08 PM

Manila, April 26 (IANS) The Asian Development Bank (ADB) announced Friday that Takehiko Nakao has been unanimously elected as president by its Board of Governors.

Chidambaram calls for greater penetration by non-life-insurance sector

April 24, 2013 at 7:40 PM

New Delhi, Apr. 24 (ANI): Finance Minister P. Chidambaram on Wednesday said that there is a need to take immediate action by the non-life-insurance sector to increase penetration and coverage of the non life insurance in the country.

Central Bank to open more branches in Himachal

April 24, 2013 at 7:32 PM

Shimla, April 24 (IANS) Central Bank of India would open more branches in Himachal Pradesh and finance infrastructure development and other private projects to increase the credit-deposit ratio, chairman of the bank M.V. Tanksale said here Wednesday.

Australian consumer price index rises

April 24, 2013 at 12:36 PM

Sydney, April 24 (IANS) The Australian consumer price index (CPI) rose 0.4 percent in the March quarter 2013, compared with a rise of 0.2 percent in the December quarter 2012, the Australian Bureau of Statistics (ABS) reported Wednesday.

Spain's economy contracts

April 24, 2013 at 10:52 AM

Madrid, April 24 (IANS/EFE) The Spanish economy contracted 0.50 percent in the first quarter, the Bank of Spain said.

Etihad Airways gets locally-financed aircraft

April 24, 2013 at 1:16 AM

Abu Dhabi, April 24 (IANS/WAM) Etihad Airways, the national airline of the UAE, has taken delivery of a Boeing 777-300ER aircraft financed by a local bank.

Army orders probe into illegal farming on its land

April 23, 2013 at 7:00 PM

Lucknow, April 23 (IANS) The central command of the Indian Army Tuesday ordered a probe into the reported usage of defence land for farming at Sitapur, about 90 km from here.

Sensex closes flat; interest sensitive stocks plummet

April 23, 2013 at 6:04 PM

Mumbai, April 23 (IANS) A benchmark index of the Indian equities markets ended flat in Tuesday's trade after capital goods, consumer durables and bank stocks plummeted.

HDFC Bank profit rises 30 percent

April 23, 2013 at 5:48 PM

Mumbai, April 23 (IANS) HDFC Bank Tuesday said its net profit increased 30 percent to over Rs.1,889 crore in quarter ended March 31 year-on-year, on the back of higher loan growth.

World Bank aims to end extreme poverty by 2030

April 22, 2013 at 7:32 AM

Washington, April 22 (IANS/RIA Novosti) The World Bank governors have endorsed a proposal to eliminate extreme poverty around the world over the next 17 years, the World Bank Group said in statement.

Palestinians hold first marathon in West Bank

April 21, 2013 at 8:28 PM

Bethelem, April 21 (IANS) About 1,000 Palestinian and foreign runners participated Sunday in the first West Bank marathon that highlights Israeli restrictions in the Palestinian territories.

India receives $69 bn in remittances; tops global list

April 20, 2013 at 4:04 PM

Washington, April 20 (IANS) India received $69 billion remittance in 2012, the highest in the world, followed by China with $60 billion and the Philippines $24 billion, World Bank data showed.

Economic losses due to lack of sanitation amount to $260 bln a year globally

April 20, 2013 at 3:40 PM

Washington, Apr 20 (ANI):One out of every three people in the world today have no toilet, the World Bank said today. Economic losses from lack of access to sanitation, amount to an estimated 260 billion dollars annually, more than the entire gross domestic product of Chile.

Economic losses due to lack of sanitation amount to $260 bln a year globally

April 20, 2013 at 3:16 PM

Washington, Apr 20 (ANI):One out of every three people in the world today have no toilet, the World Bank said today. Economic losses from lack of access to sanitation, amount to an estimated 260 billion dollars annually, more than the entire gross domestic product of Chile.

Pope cancels salaries of cardinals overseeing bank

April 20, 2013 at 12:04 PM

Vatican City, April 20 (IANS) In a further sign of his desire for a "poor church", Pope Francis has cancelled the annual stipend of 25,000 euros (around $33,000) paid to each of five cardinals who oversee the Vatican Bank. The Vatican Bank has come under fire in recent years for alleged money laundering, Italy's AKI news agency reported.

Lenders vow to cooperate over global development

April 20, 2013 at 11:40 AM

Washington, April 20 (IANS) UN Secretary-General Ban Ki-moon and leaders of six global financial institutions announced that inter-agency data sharing and collaboration would be strengthened to better guide development programmes, reported Xinhua Saturday.

WB confronts $260 bln a year in global economic losses from lack of sanitation

April 20, 2013 at 9:56 AM

Washington, Apr 20 (ANI): 2013 - One out of every three people in the world today have no toilet, the World Bank said today. Economic losses from lack of access to sanitation, amount to an estimated 260 billion dollars annually, more than the entire gross domestic product of Chile.

With $69 bn, India tops in global remittances

April 19, 2013 at 10:20 PM

Washington, April 19 (IANS) India remains the largest recipient of global remittances in the world, receiving $69 billion in 2012, the World Bank said Friday as it launched a new initiative on migration issues.

With $69 bn, India tops in global remittances

April 19, 2013 at 10:04 PM

Washington, April 19 (IANS) India remains the largest recipient of global remittances in the world, receiving $69 billion in 2012, the World Bank said Friday as it launched a new initiative on migration issues.

India's forex reserves up $1.40 billion

April 19, 2013 at 6:28 PM

Mumbai, April 19 (IANS) India's foreign exchange (forex) reserves increased by $1.40 billion to $295.24 billion for the week ended April 12, according to data released by the country's central bank.

BRICS states to set up teams to work on their development bank

April 19, 2013 at 5:38 PM

The Finance ministers of the BRICS countries on Friday agreed to form a delegation, which will formulate the main principles for establishing a development bank by this fall, Russian Deputy Finance Minister Sergei Storchak said.

BRICS states to form teams to work on their bank

April 19, 2013 at 4:52 PM

Moscow, April 19 (IANS/RIA Novosti) Finance ministers of the BRICS countries have agreed to set up delegations that would work out the main principles for the establishment of a development bank by this fall, Russian Deputy Finance Minister Sergei Storchak said.

Vodafone, ICICI launch mobile banking service 'M-Pesa' for 'unbanked' Indians

April 19, 2013 at 12:29 PM

In an another initiative to enhance the availability of banking facility, Vodafone India and ICICI Bank have launched a mobile-based money transfer and payment service that will allow access to mobile-banking to near 700 million people across the country who are still "unbanked" with no access to conventional banking.

Portugal to further cut public services

April 19, 2013 at 11:56 AM

Lisbon, April 19 (IANS/EFE) Portugal said it planned to cut all public services by 800 million euros ($1.04 billion) and achieve another 500 million euros ($652 million) in savings to meet its deficit target in the wake of a Constitutional Court ruling that threw out several austerity programs.

John Kerry says Israel, Palestine have two years left for peace 'or it's over'

April 18, 2013 at 3:40 PM

Washington, Apr. 18 (ANI): US Secretary of State John Kerry has said efforts to reach a two-state solution to bring about peace between Israel and the Palestinians is up to two years or the whole concept will become infeasible.

ICICI Bank to grow unsecured lending cautiously

April 17, 2013 at 9:56 PM

Kolkata, April 17 (IANS) India's largest private sector lender ICICI Bank will grow its unsecured lending portfolio cautiously as it will focus largely on existing customers, a top executive of the bank said Monday.

Vodafone, ICICI Bank launch mobile wallet service M-Pesa

April 17, 2013 at 7:32 PM

Kolkata, April 17 (IANS) Vodafone India and ICICI Bank here Wednesday launched M-Pesa, a mobile money transfer and payment service, in West Bengal, Bihar and Jharkhand. A nationwide rollout is expected within a year-and-a-half.

Sensex rallies 387 points on rate cut hopes

April 16, 2013 at 4:52 PM

Mumbai, April 16 (IANS) Benchmark indices of Indian stock markets surged more than two percent Tuesday, due to strong buying support in banking, auto and realty stocks on expectations of cut in interest rates as inflation eased to a three-year low.

Inflation at 3-year low; rate cut hopes rise

April 15, 2013 at 6:36 PM

New Delhi, April 15 (IANS) India's headline inflation fell below six percent for the first time in more than three years on the back of slower rise in the prices of manufactured and primary articles, boosting hopes for a rate cut by the Reserve Bank of India next month, government data showed Monday.