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“MCA21 e-Gov plan”- Govt planning an overhaul

June 5, 2012

Indian Govt is contriving to overhaul its “e-Governance program MCA21” Objective of Overhauling of MCA21: To check corporate frauds. Work has been started by the MCA on the fresh version of the program. Key IT companies such as Infosys, TCS ..

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Axis Bank ties up with Ahli United Bank for remittance

May 30, 2012

Axis bank, the 3rd largest private sector lender tied up with Bahrain’s Ahli United Bank for inward remittances. What does this tie up would bring in for customers of Ahli United Bank? Any person having an a/c with Bahrain’s Ahli ..

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Achievements of the Indian Banking System

February 22, 2012

Strong Fundamentals: The IBA-FICCI-BCG Report (August 2011), says that India’s Gross Domestic Product (GDP) growth will make the Indian banking industry the third largest in asset size in the world by 2025′. This report gives a very hopeful picture of ..

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Shyamala Gopinath panel recommendations

January 9, 2012

The Government has recently accepted the recommendations of former RBI deputy governor Shyamala Gopinath panel which would help investors earn higher interest on small savings schemes such as public provident fund and post office deposits. The schemes are now under ..

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Standard Chartered unveils “Breeze Banking in India”

January 9, 2012

Standard Chartered Bank unveiled Breeze Banking for India, becoming the first international bank to introduce a suite of customisable banking services incorporating internet, smartphone technology and social media. Breeze Banking addresses the financial needs of India s growing segment of ..

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Validity of cheques, drafts cut to 3 months

December 29, 2011

From April 1, 2012, the cheques and bank drafts will have a life of just three months instead of the earlier six months. RBI has recently issues a notification that these instruments will have to be presented within three months ..

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