State Bank of India extended donations to Social Welfare Organisations
As a part of Corporate Social Responsibilities, State Bank of India has extended financial assistance to the tune of Rs.48 lac to 9 different social welfare organisations.
Trends in Retail Banking meeting in Mumbai
Efma, a leading non-profit retail banking association, is organizing a cocktail briefing at Four Seasons Hotel on Wednesday 20 March 2013 starting 4.30 pm.
Rail Budget 2013: Highlights
Here are the highlights of the Rail Budget 2013 as presented by railway minister P K Bansal:
A case for converting India Post into a bank
Recently, the Reserve Bank of India constituted a high-level committee on financial inclusion under the chairmanship of K.C. Chakrabarty, Deputy Governor, RBI.
India Rupee Drops as Subbarao Warns of Wider Current-Account Gap
India’s rupee fell to the lowest level in more than three weeks after central bank Governor Duvvuri Subbarao said the nation’s current-account deficit is set to widen from a record.…
RBI bans gold purchase-loans by co-op banks
The Reserve Bank of India (RBI) recently directed state and central co-operative banks not to grant loans for purchase of gold in any form in order to check the significant…
New bank licence guidelines very soon™: RBI deputy governor
Reserve Bank of India (RBI) is likely to “very soon†come out with the final guidelines on new bank licences as its consultation with the finance ministry on the issue…
RBI unlikely to speed up rate cuts
The GDP growth projection of 5% for this fiscal put out by the Central Statistical Organisation (CSO) recently was disappointing but it may not be enough for more rate cuts.
RBI paper seeks to cut use of cheque books
Cheque books may go the way of physical share certificates if proposals mooted by the Reserve Bank of India (RBI) are enforced. In a discussion paper on discouraging cheque usage,…
Buy Indian Bank; target of Rs 245: Microsec
Microsec is bullish on Indian Bank and has recommended buy rating on the stock with a target price of Rs 245 in its January 29, 2013 research report. "Indian Bank was…