Mohana Bank

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

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

Nua Nan Bank JCB LOVE TSCC Debit Card to be launched in Taiwan in August

June 19, 2013 at 1:17 PM

Tokyo, June 19 (ANI): The Japan Credit Bureau (JCB), in collaboration with Hua Nan Bank, has announced that it will launch the Nua Nan Bank JCB LOVE TSCC Debit Card in Taiwan in August.

Entire SBI ATM stolen in Bangalore suburb with cash

June 18, 2013 at 9:08 PM

Bangalore, June 18 (IANS) In a daring heist, a gang of six unidentified men stole an entire ATM, containing Rs.10-15 lakh, from a branch of the state-owned State Bank of India (SBI) in the city's northeast suburbs early Tuesday, police said.

India signs loan agreement with World Bank for US$ 255 million for National AIDS Control Project-IV

June 18, 2013 at 8:12 PM

New Delhi, June 18 (ANI): An agreement for loan of US$ 255 million (equivalent) from World Bank for the "National AIDS Control Project (NACP-IV)" was signed here today between India and the World Bank.

IIFCL launches Infrastructure Debt Fund

June 18, 2013 at 4:34 PM

Eyeing to raise initial corpus of $1-billion, the government run infrastructure development company India Infrastructure Finance Company Limited (IIFCL) Tuesday launched its first infrastructure debt fund (IDF)................

Indian actuaries body expels former IRDA member for misconduct

June 17, 2013 at 10:12 PM

Chennai, June 17 (IANS) The Institute of Actuaries of India (IAI) has decided to expel R. Kannan, a former member of Insurance Regulatory and Development Authority, for financial misconduct, said a member.

Chinese banks see smaller forex surplus

June 17, 2013 at 3:56 PM

Beijing, June 17 (IANS) Chinese banks bought more foreign currency from clients than they sold in May, although the surplus was less than that of previous months, indicating relieved pressure from capital inflows.

Conducive climate for private investment needed to spur growth: RBI

June 17, 2013 at 3:40 PM

Mumbai, June 17 (IANS) The Reserve Bank of India Monday called for a conducive environment for private investment and faster clearance of projects to stimulate economic growth which slowed to a decade low of 5 percent in the last fiscal.

Higher food inflation upping overall inflation: RBI

June 17, 2013 at 3:08 PM

Mumbai, June 17 (IANS) Higher prices of foodstuff such as cereals and vegetables continue to put pressure on India's overall inflation rate, the Reserve Bank of India (RBI) said Monday.

'India must focus on jobs for growth'

June 17, 2013 at 1:32 PM

Washington, June 17 (IANS) India must make employment a key driver of its growth strategy as higher economic growth by itself does not create more jobs, according to a leading US research organisation advocating sustainable development.

RBI keeps key rates unchanged, warns of inflationary risk

June 17, 2013 at 12:12 PM

Mumbai, June 17 (IANS) The Reserve Bank of India (RBI) Monday kept key policy rates unchanged, after lowering them in each of its previous policy reviews, and warned that the rupee's weakness and rise in administered prices - for instance of diesel - could fuel inflation.

Comedian Sinbad broke gain, files for bankruptcy again

June 16, 2013 at 4:13 PM

Los Angeles, June 16 (IANS) Sinbad, the 1990s comedian, has claimed he is broke again and reportedly he is filing for bankruptcy for the second time since 2009.

Hamas calls for unity, end to internal Palestinian feuds

June 15, 2013 at 9:56 PM

Gaza, June 15 (IANS) Islamic Hamas movement Saturday called for unity and ending the internal Palestinian feuds and division on the sixth anniversary for its violent takeover of the Gaza Strip, reported Xinhua.

Sensex falls for 2nd straight week, down 251 points (Weekly market review)

June 15, 2013 at 6:20 PM

Mumbai, June 15 (IANS) Key indices of Indian equities markets closed in the red for the second consecutive week, with benchmark Sensex losing 251 points, due to persistent weakness in the rupee and sluggish growth numbers.

India's Exim Bank approves $300 million loan to Ethiopia

June 15, 2013 at 3:40 PM

Addis Ababa, June 15 (IANS) The Export-Import Bank of India has approved a $300 million worth of line of credit to Ethiopia, paving the way for construction of a railway line linking this landlocked country in the Horn of Africa to a port city in neighbouring Djibouti.

SBI PO 2013 result for written test declared: Check result

June 15, 2013 at 3:22 PM

The State Bank of India has declared the SBI PO 2013 result for written test held on 28th April 2013. SBI PO Exam Results 2013 is now available on the official website of State Bank of India at http://www.sbi.co.in/ where candidates can check their results of SBI PO written exam 2013 by finding their roll numbers.

UN chief concerned about Israeli settlements in West Bank

June 15, 2013 at 6:20 AM

United Nations, June 15 (IANS) UN Secretary-General Ban Ki-moon has voiced deep concern over continued Israeli settlement activity in the West Bank, calling it "unhelpful" and a "deeply worrisome trend".

Hackers in Europe siphon off money from Axis Bank Mumbai accounts

June 14, 2013 at 9:32 PM

Mumbai, June 14 (IANS) In a shocker for Mumbai police, at least 14 salary accounts of policemen with the private Axis Bank were hacked and the monies siphoned out by some unidentified persons in Britain and Greece, a top official said here Friday.

Delay in draft payment costs Central Bank Rs.10,000

June 13, 2013 at 1:24 PM

New Delhi, June 13 (IANS) A five-day delay in encashing a demand draft has cost a nationalised bank Rs.10,000, which the state's top consumer commissioner has ordered it to pay for negligence in service.

World Bank cuts global economic growth forecast to 2.2 pc

June 13, 2013 at 10:52 AM

Washington, June 13 (ANI): The World Bank has cut its outlook for global growth.

India's growth projected to rise

June 13, 2013 at 10:12 AM

Washington, June 13 (IANS) Growth in India is projected to rise to 5.7 percent in the 2013 fiscal year and firm to 6.5 percent and 6.7 percent in FY2014 and FY2015, respectively, according to a newly released World Bank report.

Brazil finetunes tourist infrastructure

June 12, 2013 at 2:28 PM

Rio de Janeiro, June 12 (IANS) As the FIFA Confederations Cup approaches, Brazilian authorities are finetuning the infrastructure to receive an increased influx of tourists over the next three weeks.

Rupee rebounds on government intervention

June 12, 2013 at 2:04 PM

Mumbai, June 12 (IANS) The Indian rupee rebounded to 57.88 against a dollar Wednesday, after hitting a record low of 58.98 in the previous day, on interventions from the government and the Reserve Bank of India.

Axis Bank, Miles & More launch new credit card

June 11, 2013 at 9:32 PM

Kolkata, June 11 (IANS) Private sector lender Axis Bank and Miles & More, Europe's largest international frequent flyer programme, Tuesday launched a new credit card in India in association with MasterCard.

Bangladesh's income per capita lags behind

June 11, 2013 at 5:56 PM

Dhaka, June 11 (IANS) Bangladesh's income per capita leaped to $923 in the outgoing 2012-13 fiscal year ending this month though remained far beyond reach with respect to the country's goal of graduating to a middle-income status by 2021, officials said Tuesday.

Sensex ends flat as rupee plunges to new low

June 10, 2013 at 6:52 PM

Mumbai, June 10 (IANS) A benchmark index of Indian equities market closed Monday's trade 0.06 percent or 11.84 points up.

Four staffers killed in Mumbai IndusInd Bank blaze

June 7, 2013 at 11:05 AM

Mumbai, June 7 (IANS) Four young staffers of the IndusInd Bank were burnt to death in a major fire that broke out after an explosion in the bank's building in suburban Andheri East in the Maharashtra capital early Friday, officials said.

ECB leaves interest rates unchanged

June 7, 2013 at 10:17 AM

Frankfurt, June 7 (IANS/EFE) The European Central Bank Thursday left its benchmark interest rate at the record low level of 0.50 percent in an effort to boost economic growth in the Eurozone.

Sensex closes 0.25 percent down; healthcare stocks plunge

June 6, 2013 at 6:17 PM

Mumbai, June 6 (IANS) A benchmark index of Indian equities market closed Thursday's trade down 0.25 percent over uncertainties regarding the continuation of US stimulus package and negative Asian cues.

Mexican firm signs ship, tech deals with Chinese companies

June 6, 2013 at 2:17 PM

Mexico City, June 6 (IANS/EFE) State-owned Petroleos Mexicanos, or Pemex, signed two agreements with Chinese firms covering ships, equipment and technology for Mexico's oil industry.

Andhra's annual credit plan proposed at Rs.1.33 lakh crore

June 4, 2013 at 7:53 PM

Hyderabad, June 4 (IANS) The Andhra Pradesh State Level Bankers Committee (SLBC) has proposed an annual credit plan of Rs.1.33 lakh crore for 2013-14, up from Rs.1.10 lakh crore in the last fiscal.

China's luxury consumption pattern changes

June 4, 2013 at 7:53 PM

Hong Kong, June 4 (IANS) China's affluent consumers are increasing their purchases of lower price luxury items, moving away from established brands, Bank Julius Baer said in a report here Tuesday.

Costa Rica, China sign pact for infrastructure financing

June 4, 2013 at 11:45 AM

San Jose, June 4 (IANS/EFE) Chinese President Xi Jinping's visit to Costa Rica was the occasion for signing several bilateral pacts, above all for infrastructure financing and increased trade.

Analysts revise Brazil growth estimates downward

June 4, 2013 at 11:29 AM

Brasilia, June 4 (IANS/EFE) Analysts have revised their 2013 growth forecasts for Brazil downward from 2.93 percent to 2.77 percent, the Central Bank said.

UAE distributes Braille Quran in Palestine

June 4, 2013 at 1:21 AM

Jerusalem, June 4 (IANS/WAM) The UAE's Human Appeal International (HAI) has launched a campaign under which Quran books in Braille are being distributed in Palestine.

Bank of Spain governor warns of challenges to recovery

June 1, 2013 at 3:13 PM

Madrid, June 1 (IANS) Governor of the Bank of Spain Luis Maria Linde said that Spain was faced with challenges in achieving economic recovery.

Sensex gains 68 points; auto, FMCG stocks rise

May 30, 2013 at 6:09 PM

New Delhi, May 30 (IANS) A benchmark index of Indian equities markets Thursday closed 67 points up on the back of healthy buying in automobile, fast moving consumer goods (FMCG) and power stocks.

Multimillionaire mental patient duped into buying luxury cars worth $532k

May 30, 2013 at 4:09 PM

New York, May 30 (ANI): Two shifty strangers in the US duped a multimillionaire mental patient into splurging for luxury cars and huge cash payoffs to cement their one-sided friendships.

Canada locks its benchmark rate at 1 percent

May 30, 2013 at 1:05 PM

Ottawa, May 30 (IANS) The Bank of Canada held its benchmark interest rate at 1 percent Wednesday in the last policy meeting before governor Mark Carney leaves for England to take his new post.

India-Africa Partnership Day being held in Morocco

May 29, 2013 at 7:08 PM

New Delhi, May 29 (IANS) In an effort to further boost India-Africa business collaborations, an "India-Africa Partnership Day" is being organized on the sidelines of the African Development Bank's annual general meeting in Marrakesh, Morocco, being held May 27-31.

Banking executives training at IIM Kozhikode

May 29, 2013 at 6:52 PM

Kozhikode (Kerala), May 29 (IANS) At least 30 top executives from the country's nationalised banks underwent a leadership programme conducted by the Indian Institute of Management Kozhikode (IIMK), an official said Wednesday.

Chinese tourists expenditure biggest rise among others in Australia: Report

May 29, 2013 at 5:16 PM

Melbourne, May 29 (Xinhua-ANI): The number of Chinese visitors to Australia was increasing rapidly and their expenditure growth here last year was the biggest among foreign tourists, the local AAP news agency reported Wednesday.

Canara Bank declared Probationary Clerk result, check result

May 29, 2013 at 3:52 PM

Canara Bank has declared the result for the Probationary Clerk. The state-wise / Union Territory-wise list of candidates provisionally selected for the posts of

Sensex closes 130 points up; automobile stocks rally

May 28, 2013 at 7:25 PM

New Delhi, May 28 (IANS) A benchmark index of Indian equities markets Tuesday closed 0.65 percent up, as automobile, oil and gas, consumer durables, public sector units (PSU) and fast moving consumer goods (FMCG) stocks rallied.

Top banking honchos to attend leadership meet

May 24, 2013 at 10:06 PM

Kozhikode, May 24 ( IANS) Thirty top executive directors and CEOs of leading nationalised banks in the country will attend a classroom training at IIM Kozhikode for three days starting Monday.

SBI profit drops 18.5 percent in January-March quarter (Lead, Changing dateline)

May 23, 2013 at 11:02 PM

Kolkata, 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.

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

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.

India, China should trade in their own currencies: Anil Ambani

May 20, 2013 at 7:26 PM

New Delhi, May 20 (IANS) India and China should focus on trading in their own currencies, the rupee and renminbi, instead of the US dollar, as this would help reduce risk and cut exchange costs, Reliance Group Chairman Anil Ambani said Monday.

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.

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.

RBI to issue inflation linked bonds to attract household savings

May 16, 2013 at 11:10 AM

Mumbai, May 16 (ANI): The Reserve Bank of India (RBI) will launch inflation-linked bonds every month to attract household savings of up to Rs.15,000 crore in fiscal 2013-14, so as to discourage investments in gold.

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.

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.

Patterns Software to train software designers

May 15, 2013 at 2:22 PM

Chennai, May 15 (IANS) Patterns Software Design Institute plans to tie up with software product developers and engineering colleges to train their executives and students in software design architecture, an official said.

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.

Bank of Baroda net dips 32.21 percent in fourth quarter

May 13, 2013 at 1:58 PM

New Delhi, May 13 (IANS) Bank of Baroda's net profit for the quarter ending March 31 dipped to 32.21 percent, the public sector bank told the Bombay Stock Exchange.

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.

France named world's most-visited country

May 11, 2013 at 12:30 PM

New York, May 11 (ANI): France is the world's most popular tourist destination, according to a new survey.

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).

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.

State Bank of Hyderabad's net down by 3.70 percent

May 8, 2013 at 4:40 PM

Hyderabad, May 8 (IANS) State Bank of Hyderabad (SBH) has reported net profit decline of 3.70 percent for fiscal 2012-13. The profit during the year was Rs.1,250 crore against Rs.1,298 crore during 2011-12.

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.

China urges resumed Palestine-Israel talks

May 7, 2013 at 8:16 PM

Beijing, May 7 (IANS) China Tuesday reiterated its call for necessary conditions for resuming peace talks between Palestine and Israel, reported Xinhua.

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.

Allahabad Bank Q4 net profit dips 68.47 percent

May 7, 2013 at 5:12 PM

Kolkata, May 7 (IANS) Public sector Allahabad Bank Tuesday reported a 68.47 percent dip in net profit for the quarter ended March 31, 2013, to Rs.126.15 crore from Rs.400.22 crore in the corresponding year-ago period.

Allahabad Bank Q4 net profit dips 68.47 percent

May 7, 2013 at 2:57 PM

Kolkata, May 7 (IANS) Public sector Allahabad Bank Tuesday reported a 68.47 percent dip in net profit for the quarter ended March 31, 2013, to Rs.126.15 crore from Rs.400.22 crore in the corresponding year-ago period.

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.

South Indian Bank net up 25 percent in fiscal 2013

May 6, 2013 at 8:16 PM

Bangalore, May 6 (IANS) South Indian Bank Ltd, a leading Kerala-based private sector bank, reported net profit of Rs.502 crore for 2012-13, posting 25 percent year-on-year (YoY) growth over previous fiscal at Rs.402 crore.

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.

US film 'explores the power' of baseball in Manipur

May 5, 2013 at 3:32 PM

Washington, May 5 (IANS) It was amazing enough that in cricket-crazy India, America's national pastime baseball has found a foothold in the northeastern state of Manipur.

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.

India calls for enhancing financial resources of ADB

May 4, 2013 at 5:32 PM

Greater Noida, May 4 (IANS) India Friday made a strong pitch for expanding financial resource base of the Asian Development Bank (ADB) to help alleviate poverty and improve infrastructure in poor countries.

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.

Inflation in Pakistan drops to 9-yr low despite govt. borrowing

May 3, 2013 at 3:56 PM

Islamabad, May 3 (ANI): Inflation in Pakistan had slipped to a nine-year low in April despite an expansionary fiscal policy pursued by the finance ministry.

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.

India as a knowledge society can emerge as world leader: Chidambaram

May 3, 2013 at 11:56 AM

New Delhi, May 3 (ANI): Finance Minister P Chidambaram on Friday pitched for a greater use of knowledge and technology to meet the challenges of economic growth and improve the plight of people at bottom of pyramid.

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.