Everything you need to know about Akabarpur Bank: news, reviews, in-depth analysis, opinion and more
Everything you need to know about Akabarpur Bank: news, reviews, in-depth analysis, opinion and more
The Reserve Bank of India is all set to cap banks' large exposure (LE) to each counterparty, including a group of connected counterparties, at 25 per cent of their Tier 1 capital. It has been come into light by the new announcement made by RBI.
Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms that mandate lenders to keep aside a higher percentage of capital that may hit their profits.
London, May 3 (IANS/RIA Novosti) Britain has refused to grant political asylum to two former officials of a Moscow bank, after they were placed on the Interpol wanted list on charges of fraud involving government funds.
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Mumbai, May 2 (IANS) The CBI has arrested three more officials of the Mineral Scrap Trading Corp (MSTC), a central government mini ratna firm, for allegedly cheating and causing losses Rs.4.64 billon loss to the exchequer, an official said Wednesday.
Dhaka, May 2 (IANS) Bangladesh's foreign currency reserves rose to $10.19 billion in April after the International Monetary Fund (IMF) handed over the first instalment of its loan to the country.
New York, May 2 (ANI): The Dow Jones industrial average reached its highest close in more than four years following an accelerated growth in its manufacturing within 10 months, an industry survey firm has revealed.
Dubai, May 1 (IANS/WAM) The Emirates Islamic Bank announced Tuesday that its operating profits rose to 138 million dirhams (about $16 million) at the close of the first quarter of 2012.
Colombo, May 1 (Xinhua-ANI): Sri Lanka's annual inflation rate rose to 6.1 percent last month reaching a seven-month high compared to 2011, showed latest data on Tuesday.
Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis Bank for possible downgrade.
Mumbai, April 30 (IANS) State-owned Bank of India Monday reported an increase of 93 percent in net profit at Rs.952.73 crore for the quarter ended March 31 against Rs.493.64 crore during the like period of the previous financial year.
Lahore, Apr 29(ANI): Pakistan Prime Minister Yousuf Raza Gilani has said he does not need any opposition leader's permission to enter the National Assembly (NA), as he was a unanimously elected prime minister and member of parliament.
New Delhi, April 27 (IANS) India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost three percent of the country's gross domestic product (GDP), according to World Bank data.
Mumbai, April 27 (IANS) A benchmark index for Indian equities markets Friday closed flat amidst choppy trade. ICICI Bank emerged the top gainer after the private lender announced robust fourth quarter earnings.
Mumbai, April 27 (IANS) India's largest private sector lender ICICI Bank Friday posted an increase of 31 percent for the quarter ended March 31 at Rs.1,901.76 crore due to a decline in bad debts.
Chennai, April 27 (IANS) Tamil Nadu Chief Minister J.Jayalalithaa Friday urged Prime Minister Manmohan Singh not to raise the interest rates on loans provided under the Rural Infrastructure Development Fund (RIDF).
Mumbai, April 27 (IANS) A benchmark index for Indian equities markets was trading 22 points higher in the afternoon session Friday, led by good buying support in ICICI Bank scrips on expectations of robust earnings.
Washington, April 27 (IANS) The World Bank will open an office in Myanmar in June, a bank official said Thursday.
Manila, April 26 (IANS) The Asian Development Bank (ADB) approved $21.72 billion in financing operations to Asian developing countries in 2011, a 14.5 percent year-on-year increase, according to its 2011 Annual Report.
Washington, April 26 (IANS) Global food prices rose by eight percent in the first three months of 2012 due to higher oil prices, adverse weather and strong demand in Asia, the World Bank said in its latest Food Price Watch report Wednesday.
Mumbai, April 25 (IANS) Global ratings agency Standard & Poor's Wednesday cut its outlook to negative from stable on 11 financial institutions, including the top three banks State Bank of India, ICICI Bank and HDFC Bank, to negative from stable, but kept their ratings unchanged.
Islamabad, Apr 25 (ANI): The Supreme Court (SC) which resumed hearing of the Asghar Khan case, pertaining to the alleged distribution of funds by the ISI to politicians, declared the report submitted by the Interior Ministry as unacceptable, saying that the report was based on memories of Interior Minister Rehman Malik.
Rome, April 25 (IANS/AKI) Salaries in Italy have touched their lowest in real terms in almost 17 years, according to fresh data.
Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.
Islamabad, Apr 23(ANI): Former Pakistan army chief General (retd) Mirza Aslam Beg has opposed the idea of forming a judicial commission to probe the distribution of secret funds to politicians and accused former Mehran Bank head Younus Habib of prolonging the matter by forming the commission.
New Delhi, April 23 (IANS) The Indian economy and businesses are passing through difficult times due to lack of reforms and governance, but the sentiments are even worse than the reality, said Adi Godrej, chairman of the Godrej Group.
Washington, April 22 (IANS) As the International Monetary Fund (IMF) doubled its lending power with over $430 billion pledged to a reinforced safety net to bail out countries during global financial crises, India stressed that contributions should be voluntary and not linked with future voice or governance reform and should be able to bail out "innocent bystanders" affected by them.
Washington, April 22 (Xinhua-ANI): The World Bank and the International Monetary Fund (IMF) have called for further efforts on inclusive growth and poverty reduction amid fragile global recovery.
Chennai, April 21 (IANS) Privately-owned Yes Bank Ltd will train its focus on retail banking in order to grow its current account and savings account (CASA) portfolio, said a senior bank official here Saturday.
Varanasi, Apr 21 (ANI): Bharatiya Janta Party (BJP) leader Murli Manohar Joshi on Saturday flayed the chief economic adviser Kaushik Basu for his remarks on economic reforms in the country, adding he was speaking the language of the International Monetary Fund (IMF) and World Bank.
Jammu, April 21 (IANS) The Shri Amarnath Shrine Board (SASB) Saturday announced that the registration for the annual pilgrimage to the cave shrine devoted to Lord Shiva will start May 7.
New Delhi, April 21 (IANS) IDBI Bank Saturday reported a net profit of Rs.770.78 crore for the quarter ended March 31, against Rs.516.25 crore logged in the like period of the previous financial year.
Washington, Apr 20 (ANI): Expressing concern over the current global economic scenario, Finance Minister Pranab Mukherjee on Friday said the G-24 nations will focus on job creation and effective social protection for the poor and the vulnerable.
Washington, Apr 20 (ANI): Following the controversy around the statement made at the Carnegie Endowment for International Peace on economic reforms in the country, Chief Economic Advisor, Ministry of Finance, Dr. Kaushik Basu on Friday clarified that the central message of his talk was the possible European crisis in 2014 and not India's 2014 general elections.
Shimla, April 20 (IANS) Himachal Pradesh Chief Minister Prem Kumar Dhumal Friday called for a cut in the interest rate on the National Bank for Agriculture and Rural Development (Nabard) loans saying high rates would hit rural projects in the state.
Washington, April 19 (Xinhua-ANI): The World Bank's Board of Executive Directors has approved in principle the creation of the Global Partnership for Social Accountability (GPSA), its latest effort to support civil society organizations (CSOs), the Washington-based Bank announced on Thursday.
Washington, April 19 (Xinhua): The global economic recovery is facing a critical moment although some optimism has returned in recent months, and collective global action is critical for sustaining the recovery momentum, World Bank chief economist Justin Yifu Lin has said.
Washington, April 20 (IANS) South Asia needs more political will to embrace regional trade cooperation for the benefit of the lagging region, said a senior World Bank official.
New York, April 20 (IANS) Bank of America Corp. released lower earnings for the first quarter Thursday, but the results still beat Wall Street's estimates as the credit quality improved.
Mumbai, April 19 (IANS) Leading lenders including ICICI Bank and Punjab National Bank Thursday announced cut in both lending and deposit rates, just two days after the Reserve Bank of India lowered key policy rates.
Following the order of Finance Ministry to cut the lending rate as Reserve Bank of India, the master bank on Tuesday cut its policy rate more than expected to 50 basis points (bps), two state run and one private sector banks on Thursday announced to reduce their lending and deposit rates by 25 bps (0.25%)...................
Colombo, April 19 (Xinhua-ANI): Sri Lanka's Central Bank is under fire for allegedly rigging per capita income statistics to show a higher figure, a main opposition MP charged here on Thursday.
Mumbai, April 19 (IANS) Private sector IndusInd Bank Thursday reported a 30.5 percent hike in net profit at Rs.223.38 crore during the quarter ended March 31 against Rs.171.16 crore in the like period of the previous financial year.
Washington, April 19 (IANS) Three out of five people in developing countries lack effective social safety net coverage as they struggle to forge ahead through global financial volatility and food and fuel price hikes, the World Bank said.
New Delhi, Apr 18 (ANI): Minister of State for Consumer Affairs, Food and Public Distribution K V Thomas on Wednesday said the government had taken adequate steps to control spiralling food inflation.
Geneva, April 18 (Xinhua-ANI): The Swiss government on Wednesday announced its decision to extend its financial sanctions against Iran.
Washington, Apr 18 (ANI): The International Monetary Fund has warned that the European debt crisis might flare up again at any time and send the global economy back into deep recession.
Rio de Janeiro, April 18 (IANS) The brother of former Barcelona and AC Milan star Ronaldinho has been sentenced to five and a half years in jail after being convicted of money laundering.
Mumbai, April 18 (IANS) Hollywood action choreographer Peter Pedrero, who collaborated with Priyadarshan for his upcoming movie "Tezz", says it was a treat to work with the filmmaker. He also says Priyadarshan allowed him to explore his creative side.
Mumbai, April 18 (IANS) HDFC Bank, India's second-largest private lender, Wednesday reported a 30.4 percent increase in its net profit at Rs.1,453.1 crore for the quarter ended March 31, 2012, led by higher interest rate margins and stable asset quality.
Ottawa, April 18 (IANS) The Bank of Canada is keeping its key interest rate at one percent, the bank has announced although it indicated that interest rates could rise soon.
Gaza, April 18 (IANS/RIA Novosti) A senior Hamas official has called on Palestinian militants to kidnap Israeli soldiers in order to exchange them for Palestinians captured by Israel.
Washington, April 17 (IANS) With the notable exception of India, a number of economies in emerging Asia have room to make policy more supportive of economic activity, given favourable debt dynamics, the International Monetary Fund (IMF) said Tuesday.
New Delhi, April 17 (IANS) The Reserve Bank of India's (RBI) move Tuesday to cut key rates for the first time in three years by a sharp 50 basis points will provide the much needed respite to consumers as top banks said interest rates would go down, but not too soon.
Mumbai, April 17 (IANS) India's central bank has projected the country's economic growth at 7.3 percent this fiscal, even as it has assessed the inflation rate to rule at around 6.5 percent by end-March, 2013.
World Bank's new president Jim Yong Kim has said that market based growth is the priority for every country
Washington, Apr 17 (ANI): The World Bank has named Korean-born American health expert Jim Yong Kim as its new president.
Washington, April 17 (IANS) Every developing country holds the potential to register fast economic growth boosted by sound policies and leveraging its comparative advantages, according to World Bank chief economist Justin Yifu Lin.
Washington, April 16 (IANS) The World Bank announced Monday that Jim Yong Kim, the US candidate, has been selected as the bank's new president.
New Delhi, April 16 (IANS) India's economic growth is likely to improve marginally in the current financial year from the projected growth of 6.9 percent in 2011-12, but inflation will remain "sticky" due to high oil prices, impact of hike in taxes, wages and large suppressed inflation, the Reserve Bank of India said Monday.
Bangalore, April 16 (IANS) Nigeria's oldest bank Wema Bank plc has deployed Indian IT bellwether Infosys Ltd's software product Finacle to offer core banking, retail e-banking and treasury services to customers through its 137 branches across the African country.
New Delhi, April 16 (IANS) Finance Minister Pranab Mukherjee will be on a four-day official visit to the United States beginning Thursday to attend the annual spring meeting of the International Monetary Fund and the World Bank.
Washington, April 16 (ANI): A Japanese bank has announced that it will be installing about a dozen automated teller machines that can read customers' palms to identify them.
Mumbai, April 16 (IANS) India's central bank is expected to cut key lending rates by about 0.25 percent or 25 basis points, thereby releasing more funds in the economy, in its annual credit policy for 2012-13 on Tuesday.
New Delhi, April 15 (IANS) The government should reinforce policies and focus on effective marketing to promote domestic tourism which has a huge potential to contribute to the social and economic inclusive growth, a study said Sunday.
London, Apr 14 (ANI): Former Colombian finance minister Jose Antonio Ocampo has announced he is withdrawing his attempt to become president of the World Bank.
Moscow, April 14 (IANS/RIA Novosti)Russia will back Jim Yong Kim as head of the world bank, Finance Minister Anton Silyanov has said.
Beijing, April 12 (IANS) China's economy is expected to expand at 8.2 percent in 2012 and 8.6 percent in 2013 as domestic demand will continue to boost the world's second-largest economy amid weak external demand, the World Bank (WB) said Thursday.
Beijing, April 12 (IANS) China's economy is expected to expand at 8.2 percent in 2012 and 8.6 percent in 2013 as domestic demand will continue to boost the world's second-largest economy amid weak external demand, the World Bank (WB) said Thursday.
Beijing, April 11 (IANS) China's economic growth is set to moderate slightly over the next two years but will exceed 8 percent, on the back of strong investment, rising private consumption and a more stable global economy, the Asian Development Bank said Wednesday.
Tokyo, April 10 (IANS) The Japanese central bank decided Tuesday to keep its key interest rate unchanged and refrained from fresh monetary easing steps, dashing market hopes.
Ottawa, April 10 (IANS) Canadian businesses plan to increase investment and hire more staff because positive sentiment on future sales has risen to its highest level in two years, the Bank of Canada's spring survey for business outlook showed.
New Delhi, Apr 6 (ANI): In order to deal with inconvenience caused by three holidays this week, the Finance Ministry on Friday asked all public and private sector banks to operate full day on Saturday.
Colombo, April 6 (IANS) The Sri Lankan economy recorded its highest post-independence growth of 8.3 percent last year beating the previous record of 8 percent in 2010, the Central Bank said Friday.
New Delhi, Apr 5 (ANI): Slamming the Bharatiya Janata Party (BJP) for its inability to curb corruption, Congress spokesperson Abhishek Manu Singhvi has ridiculed the opposition party for the numerous instances of corruption during its rule, and said it should not be harping over what the UPA Government was doing or not doing.
Dhaka, April 4 (IANS) Bangladesh's central bank has approved a proposal to set up three new commercial banks to boost inward remittances from its citizens living and working abroad.
Kolkata, April 4 (IANS) The National Bank For Agriculture And Rural Development (NABARD) has loaned Rs.2,784.39 crore to financial institutions of West Bengal and the state government during the last fiscal, registering a growth of over 24.22 percent growth over 2010-11, an official said here Wednesday.
Kolkata, April 4 (IANS) The National Bank For Agriculture And Rural Development (NABARD) has loaned Rs.2,784.39 crore to financial institutions of West Bengal and the state government during the last fiscal, registering a growth of over 24.22 percent growth over 2010-11, an official said here Wednesday.
Mexico City, April 4 (IANS/EFE) Mexico's foreign reserves rose by $1.1 billion in March to $150.26 billion, the Bank of Mexico said.
Patna ,April 3 (IANS) Bihar Chief Minister Nitish Kumar Tuesday demanded a high level probe into World Bank report highlighting corruption and fraud in national highway projects funded by the bank.
Mumbai, April 3 (IANS) The long-awaited Rs.18,000 crore financial restructuring plan for cash-strapped Air India has finally been approved by a consortium of 19 banks led by State Bank of India, an official said here Tuesday.
Washington, April 3 (IANS) The World Bank needs to be reformed to reflect the rising of emerging countries and to serve for their needs, said Jose Antonio Ocampo, one of the three contenders for World Bank's top job.
Islamabad, April 3 (IANS) Pakistan wants the Export-Import Bank of China to help in the construction of small and medium dams.
Yangon, April 2 (IANS) The Central Bank of Myanmar Monday set a new exchange rate for its currency kyat. It has set 818 kyat per US dollar.
New Delhi, April 1 (IANS) A sales representative of a private bank who used forged documents for arranging car loans has been arrested here, police said Sunday.
Following the government's direction and in the move of reforming the worsening financial condition of public sector aviation company Air India, a consortium of 19 banks, led by State Bank of India.......
Gaza, March 31 (IANS) A Hamas official Saturday ruled out the possibility that the Palestinian reconciliation will take place this year, blaming mainly Israel and the US for blocking it.
New Delhi, Mar 31 (ANI): Union Finance Minister Pranab Mukherjee and World Bank Group President Robert B. Zoellick held talks here on Saturday, stressing on the value of the bank group's continued engagement with India.
Gaza/Ramallah, March 30 (IANS) Palestinian demonstrators marking the 36-year-anniversary of Land Day on Friday in the West Bank and the Gaza Strip clashed with the Israeli security forces, leaving dozens wounded, reported Xinhua, citing medics.
New Delhi, March 29 (IANS) The five-nation BRICS group of emerging economies, representing almost 43 percent of the world's population, Thursday welcomed the candidatures of developing countries for the World Bank presidency, demanding that the selection should be through an "open and merit-based process".
New Delhi, March 29 (IANS) Key outcomes of the Fourth BRICS Summit as reflected in the Delhi Declaration:
New Delhi, March 29 (IANS) The BRICS grouping of five emerging economic powerhouses - Brazil, Russia, India, China and South Africa - Thursday signed two pacts to spur trade in their local currencies and agreed on a joint working group to set up a development bank that will raise their economic weight globally.
New Delhi, Mar 29 (ANI): BRICS countries, which comprise the emerging economic powerhouses of Brazil, Russia, India, China and South Africa, on Thursday voiced concern about the slow pace of reforms within the International Monetary Fund (IMF) in a draft summit declaration.
New Delhi, March 28 (IANS) The BRICS grouping of five emerging economic powerhouses - Brazil, Russia, India, China and South Africa - Thursday will sign two pacts to promote trade in their local currencies and are expected to endorse plans for a joint development bank that will raise their economic heft in the global system.
Beijing, March 28 (IANS) Beijing and Shanghai have the most rapid growth in importance to high-net-worth individuals and will rank third and fourth among the world's top cities in 10 years.
Lucknow, March 28 (IANS) In a first, Uttar Pradesh Chief Minister Akhilesh Yadav has declared his assets and got them posted on the state government web site.
New Delhi, March 25 (IANS) World Bank Group President Robert B. Zoellick will begin his fourth official visit to India from Monday to take stock of the efforts to overcome poverty and other development related projects on the eve of the beginning of the 12th Five Year Plan.
Bangalore, March 24 (IANS) Global technology, consulting and finance firms vied to grab the best of the breed from the reputed Indian Institute of Management-Bangalore (IIM-B) business school, with over 400 job offers for the around 370 students.
Washington, March 24 (IANS) The US Friday named Jim Yong Kim as its candidate to lead the World Bank (WB), but he faces a challenge from two non-Americans - an unprecedented happening in the global financial institution.
London, March 24 (IANS) British banks need to raise more capital as they are not reserving enough funds to withstand potential financial trouble, the Financial Policy Committee (FPC) under Bank of England (BOE) warned in its report released Friday.
For the chief post of World Bank, finally three nominations have been received.
