i-flex Solutions on Thursday signed an agreement with Abu Dhabi Commercial Bank for implementing FLEXCUBE core banking system.
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
The Reserve Bank of India has observed that several banks were not complying with the guidelines issued by it on reporting revaluation of foreign currency assets and liabilities, which sometimes led to errors.\n\n
Reserve Bank of India will carry out a mid-term review of monetary and credit policy for 2003-04 on November 3.
In a two-way tie up with two leading private sector banks, State Bank of India has forged one of the biggest alliances to share ATM networks.
Banks have as much as Rs 3,652 crore (Rs 36.52 billion) of unclaimed deposits lying with them, with the State Bank of India (SBI) alone accounting for about 15 per cent of the amount, the government informed Parliament on Friday.
State Bank of India has raised the interest rate on new NRI term deposits up to 0.30 per cent across various maturities effective from Tuesday.
The petition has also made the Ministry of Finance and the bank as parties in the case.
Many analysts argue with limited space for a fiscal stimulus, the burden of lifting growth lies squarely on monetary policy.
Investment announcement for $100 bn over 5 years likely.
ICICI Bank, India's second largest commercial bank, beat market expectations on Friday with a quarterly profit of Rs 3.38 billion, driving its shares up more than one percent.
Few big ticket road projects will be fast-tracked soon.
The Budget for 2016-17 has announced a massive rollout of ATMs and micro-ATMs.
The top seeded Indian beat compatriot Lalit Mann to set up a meeting with Shahzad Khan in the Pakistan ITF event.
Piramal Fund Management has emerged as the largest lender to real estate developers at a time when the sector is facing severe slowdown.
State Bank of India, the nation's largest commercial bank, may cut the interest rates it offers on deposits, Chairman A K Purwar said on Monday.
The Reserve Bank of India favours further reduction in lending rates and interest rate spreads of commercial banks, especially for small scale and agriculture sectors.
PSU bank stocks are witnessing hectic activity these days and are now among the top traded stocks on the bourses.
In a bid to help people who have unclaimed deposits lying with banks, the Reserve Bank of India on Monday directed banks to prominently display such account holders' names on the websites and provide them with a "Find" option to locate the information easily.
The State Bank of India, the country's largest commercial bank, has raised interest rates on some domestic short term deposits from March 27, a notice on the National Stock Exchange's website
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