Pages
Categories
Archives
Category Archives: Banking News
HSBC Bank Australia Rolls Out New Financial Services For Indian Diaspora of Australia
A dedicated team which will provide financial services exclusively to the Indians located in Australia has been formed by HSBC Bank Australia.
According to reports of The Age, these financial services will provide the customers with banking products of HSBC Australia along with enquiries on HSBC India.
“Australia has one of the fastest growing Indian communities in [...]
RBI Hikes SLR To 25%, Key Rates Unchanged
In an attempt to gain control over the creeping inflation, RBI has made its monetary policy a bit more stringent, with most of the key policy rates remaining the same.
A hike of 100 basis points in the statutory liquidity ratio, while maintaining status quo on all other policy rates and reserve ratios have been the [...]
Posted in Banking News Tagged Key Rates Unchanged, RBI, RBI Hikes, RBI Hikes SLR, RBI Hikes SLR To 25% Leave a comment
Industry Welcomes RBI’s Monetary Policy Stance; Hopes For Retaining Stimulus
Along with the welcoming of RBI’s reviewed monetary policy, the FICCI and other industry think tanks have expressed hope of the retention of stimuli package, since the signs of economic recovery have not yet been stabilized.
The Reserve Bank of India (RBI) slightly tightened its monetary policy by raising the statutory liquidity ratio by 100 basis [...]
Posted in Banking News Tagged Hopes For Retaining Stimulus - RBI, Industry Welcomes RBI’s Monetary Policy Stance; Hopes For Retaining Stimulus, ndustry Welcomes RBI’s Monetary Policy, RBI’s Monetary Policy, RBI’s Monetary Policy Stance, RBI’s Monetary Policy Stance; Hopes For Retaining Stimulus Leave a comment
Syndicate Bank 2009-2010 Q2 Net Profit Declines 32%
Syndicate Bank has registered a net profit of Rs.178 crore for the second quarter of 2009-10 fiscal which ended on Sep 30, witnessing a 32% dip from the Rs.262 crore reported during the similar period previous fiscal.
The total income of the Bank stood at Rs.2,821 crore for the Q2 of this fiscal as against the [...]
Online Banking Introduced In Bangladesh
Banking in Bangladesh entered a new era with the commencement of online payment system introduced by the country’s central bank. It facilitates fund transfers and payment of utility bills on the net.
The new move allows people to use local currency credit cards for online transactions within the country.
Although these services are being introduced by the [...]
Central Bank Issues Directive On Customers With Terror Links
India’s central bank the Reserve Bank of India (RBI) has issued directives to asked all banks to take effective steps to ensure that none of their customers have links with any terror group like the Al-Qaida or the Taliban.
The Reserve Bank of India (RBI) has asked these banks to scan all existing accounts and to [...]
ICICI Bank partners UK Trade and Investment
Leading private sector lender, ICICI Bank has tied up with UK Trade and Investment to help Indian firms explore business opportunities in the British market.
The UK Trade and Investment is a government organisation that helps the UK-based companies succeed in international markets.
The tie-up will provide training events and investment assistance to Indian firms looking [...]
Indian Bank signs MOU with HMIL
Indian Bank has entered into a Memorandum of Understanding (MOU) with Hyundai Motors India Limited (HMIL), manufacturer of Hyundai cars for a preferred financial arrangement to operate under the Brand name of ‘Indian Bank-Hyundai Finance’ towards generation of car loan business through HMIL dealers in the country.
The MOU signed today and valid for a period [...]
Reserve Bank To Introduce Polymer Bank Notes
Reserve Bank has plans for rolling out crore polymer notes of Rs.10 denomination on a trial basis very soon. This decision has been adopted by India’s apex bank to put a check on counterfeit currency notes and for the longer existence of the currency notes.
“To increase the life of bank notes, the government has decided [...]
Slump in ADR weighs on HDFC Bank