Page-6 of Topic: Bank
Axis Bank ties up with Ahli United Bank for remittance
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...Achievements of the Indian Banking System
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...Shyamala Gopinath panel recommendations
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...Standard Chartered unveils “Breeze Banking in India”
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....Validity of cheques, drafts cut to 3 months
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...End of Regulated Interest Rates Era
Recently, the Reserve Bank of India has completely deregulated the interest rates. The Interest on Savings Banks Account was the last administered pricing imposed by the banking regulator...Current Affairs: November 29, 2011
Presidency University declared CIC Centre declared the prestigious Presidency University the first Cluster Innovation Centre in eastern India. The National Innovation Council has envisaged Cluster Innovation Centres (CIC)...India Post to seek Banking License
India Post is the largest postal network in the world, comprising 1.55 lakh post offices, of which nearly 1.4 lakh are in rural areas. The department of posts...Differentiated Bank Licences and Issues with New Licenses in India
The Indian financial system currently consists of commercial banks, co-operative banks, financial institutions and non-banking financial companies (NBFCs). The commercial banks can be divided into categories depending on...Current Trends: Statutory Liquidity Ratio
As per Section 24 (2A) of Banking Regulation Act 1949, every banking company in India has to maintain equivalent to an amount which shall not at the close...
