Right Bank Tenughat S.o.

Everything you need to know about Right Bank Tenughat S.o.: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Right Bank Tenughat S.o.: news, reviews, in-depth analysis, opinion and more

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.

Sensex range-bound; posts marginal change

May 16, 2013 at 5:50 PM

Mumbai, May 16 (IANS) A benchmark index of the Indian equities markets closed flat Thursday, as losses in consumer durables and auto stocks offset gains in realty, healthcare, oil and gas and banking scrips.

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 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.

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.

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.

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.

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.

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.

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.

IOB to raise capital, go for new software solution

April 29, 2013 at 10:36 PM

Chennai, April 29 (IANS) Government-owned Indian Overseas Bank (IOB) is looking at raising funds through the issue of medium term note, rights/public issue and from the government to fund its growth this fiscal and also go for new core banking solution (CBS), said a top official.

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.

State Bank of Travancore's total business crosses Rs.1,50,000 crore

April 28, 2013 at 10:36 AM

Thiruvananthapuram, April 28 (IANS) Kerala headquartered State Bank of Travancore (SBT) has registered a growth of 20.49 percent in net profits in the fiscal 2012-13, crossing the milestone total business of Rs.1,50,000 crore, an official here said.

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.

Northeast Continental Shelf's sea surface temperature reaches highest level in 150 yrs

April 27, 2013 at 12:04 PM

Washington, Apr. 27 (ANI): Sea surface temperatures in the Northeast Shelf Large Marine Ecosystem during 2012 were the highest recorded in 150 years, it has been revealed.

Winston Churchill replaces Elizabeth Fry in new 5 pounds note

April 27, 2013 at 11:08 AM

London, April 27 (ANI): Former British prime minister Winston Churchill is to appear on the next banknotes, when it is issued in 2016, it has been announced on Friday.

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.

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.

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.

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.

Mahmoud Abbas seeks U.S. pressure to cancel Turkish PM's Gaza visit

April 21, 2013 at 3:40 PM

Beijing, Apr. 21 (Xinhua-ANI): Palestinian President Mahmoud Abbas will ask the United States to pressure Turkish Prime Minister Recep Tayyip Erdogan to cancel his planned visit to the Gaza Strip, a Palestinian official said Sunday.

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.

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.

Brazil to resume production of insulin

April 17, 2013 at 12:12 PM

Rio de Janeiro, April 17 (IANS) Brazil will resume production of insulin on a large scale after 14 years of depending on imports, Health Minister Alexandre Padilha said.

British banks criticized for poor customer service

April 15, 2013 at 12:44 PM

London, April 15 (IANS) British banks have been criticized for poor customer service with a fifth of current account complaints not dealt with satisfactorily, said the consumer group Which?.

20 vehicles flagged off under Arunachal CM's Paryatan Vikash Yojan

April 14, 2013 at 5:16 PM

Itanagar, April 14 (ANI): Arunachal Pradesh Chief Minister Nabam Tuki today flagged off 20 subsidized taxicabs, translating his ambitious vision of providing gainful employment to educated unemployed youths while promoting the vast potential of the tourism sector of this state under the Chief Minister's Paryatan Vikash Yojana (PVY) scheme.

20 vehicles flagged off under Arunachal CM's Paryatan Vikash Yojan

April 14, 2013 at 3:24 PM

Itanagar, April 14 (ANI): Arunachal Pradesh Chief Minister Nabam Tuki today flagged off 20 subsidized taxicabs, translating his ambitious vision of providing gainful employment to educated unemployed youths while promoting the vast potential of the tourism sector of this state under the Chief Minister's Paryatan Vikash Yojana (PVY) scheme.

Palestinian prime minister quits

April 14, 2013 at 1:32 PM

London, April 14 (IANS) Palestinian Prime Minister Salaam Fayyad has resigned following a dispute with President Mahmoud Abbas over the limits of the former's authority, BBC reported.

Dena Bank to expand network, hopes for Rs.600 crore capital infusion

April 13, 2013 at 4:44 PM

Chennai, April 13 (IANS) Government-owned Dena Bank plans to expand, opening around 175 branches and adding around 560 automatic teller machines (ATMs). It is hopeful of over Rs.600 crore fresh capital infusion this year, a top official said Saturday.

India's industrial growth still weak: Ahluwalia

April 12, 2013 at 6:28 PM

Bhiwadi (Rajasthan), April 12 (ANI): The Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, has once again emphasized that industrial output is still below expectations, and admitted that retail inflation is still in double digits.

First interoperable RFID technology based electronic tolling system launched

April 12, 2013 at 4:28 PM

Mumbai, Apr 12 (ANI): Union Minister for Road Transport and Highways Dr. C P Joshi dedicated to the nation today, the first interoperable Radio Frequency Identification Device (RFID) technology based electronic tolling system at Charoti toll plaza, Dahanu in Maharashtra's Thane District.

IMF warns of potential risks of loose monetary policy

April 12, 2013 at 1:40 PM

Washington, April 12 (IANS) The International Monetary Fund (IMF) has warned central banks to be alert to the potential financial risks of super-loose monetary policy adopted to cope with the financial crisis.

China's new loans rise

April 11, 2013 at 12:52 PM

Beijing, April 11 (IANS) China's new yuan-denominated lending stood at 2.76 trillion yuan ($441 billion) in the first quarter, up 294.9 billion yuan year on year, the People's Bank of China announced Thursday.

IMF chief warns over `three-speed' world economic recovery

April 11, 2013 at 12:36 PM

Washington, April 11 (IANS) The world economy looks better than it did half a year ago, but uneven pace of growth among regions have brought about a "three-speed" global economy, said International Monetary Fund chief Christine Lagarde.

China's new loans rise

April 11, 2013 at 12:04 PM

Beijing, April 11 (IANS) China's new yuan-denominated lending stood at 2.76 trillion yuan ($441.6 billion) in the first quarter, up 294.9 billion yuan year on year, the People's Bank of China announced Thursday, reported Xinhua.

UAE's Central Bank to introduce direct debit system

April 10, 2013 at 10:13 AM

Dubai, April 10 (IANS/WAM) The Central Bank of UAE has announced the introduction of the Direct Debit System in the UAE with effect from June 15, 2013.

World's most spectacular corporate buildings revealed

April 9, 2013 at 4:29 PM

Hamburg, Apr 9 (ANI): The world's most dazzling corporate buildings have now been compiled by a jury of building experts from Emporis - the international provider of building data.

Off-spinner Ajmal learning 'new mystery bowling variations' ahead of ICC Champions Trophy

April 9, 2013 at 1:17 PM

Karachi, Apr 9 (ANI): Pakistan off-spinner Saaed Ajmal is preparing to learn new variations in bowling ahead of the ICC Champions Trophy, even as he represents his department Zarai Taraqiati Bank Limited (ZTBL) in the ongoing domestic President's Cup ODI tournament.

US banks emerge stronger from crisis: Bernanke

April 9, 2013 at 12:45 PM

Washington, April 9 (IANS) The US banking sector has grown much stronger since the financial crisis, which has contributed to the improvement of the overall economy, said Federal Reserve Chairman Ben Bernanke.

Tom Hiddleston's action against poverty

April 9, 2013 at 5:41 AM

London, April 9 (IANS) Actor Tom Hiddleston has vowed to live on less than a pound a day for an entire week to support a Unicef campaign against poverty.

Australia's job advertising falls

April 8, 2013 at 1:17 PM

Sydney, April 8 (IANS) The number of Australia's job advertisements posted on the internet and in newspapers fell 1.5 percent in March, following a three percent rise in February, the ANZ Bank Job advertisement survey released Monday showed.

Moody's keeps negative outlook for Spanish banks

April 6, 2013 at 11:57 AM

Madrid, April 6 (IANS) International credit ratings agency Moody's has said it would keep a "negative" outlook on the Spanish banking industry.

ECB leaves interest rates unchanged in Eurozone

April 5, 2013 at 10:36 AM

Frankfurt, April 5 (IANS/EFE) The European Central Bank has left its benchmark interest rate unchanged at 0.75 percent despite the worsening situation in the Eurozone.