Central Bank of India plans to increase its manpower by 8% this fiscal with specific focus on hiring  from northeast India. The state-run lender is targeting 20% growth in 2012-13 while its business in northeast India is likely to grow by  ..

State-run Punjab National Bank will roll out new service centres where customers can access select banking services like updating of passbook 24X7.The bank would set up 'E-Lobby' which will have one ATM, cash deposit kiosk, pass book printing ..

Increased signs of a growth slowdown, coupled with inflation easing towards the 6-7% range, have led to hopes that the RBI  will ease monetary policy on April 17, when it next meets. It is argued that a reduction in policy rates will help to low ..

In a clear sign of its increasing influence on the global financial stage, India has joined Consultative Group to Assist the Poor (CGAP), the independent policy and research centre housed at the World Bank dedicated to improving financial access for  ..

The Reserve Bank of India should reduce CRR and SLR to ease the stress on liquidity, HSBC Asia Pacific Director and India Country Head Naina Lal Kidwai said.“We should see a reduction in Cash reserve Ratio (CRR) and Statutory Liquidity Ratio (S ..

The Reserve Bank of India (RBI), which has reduced the cash reserve ratio (CRR) by 125 basis points since January, has flared up the debate whether the central bank is now interpreting the tool in a different way.CRR — the proportion of deposit ..

A mobile phone is no longer a simple device to make calls. It's become the hub for all your activities, from e-mailing and browsing to paying bills and transferring money. Banks may have been the first to dip their feet into this technological po ..

 To popularise electronic transfer of funds, the Reserve Bank today allowed regional rural banks (RRBs) and cooperative banks to participate in the centralised payment systems.With this, all the banks can now transfer funds electronically throug ..

India is trying to gain access to the services sector in Japan, Korea, Singapore and Malaysia for Indian professionals, said Asit Tripathy, joint secretary with the union department of commerce. He was talking to reporters during an outreach session  ..

The Uttar Pradesh Government has appointed retired IAS officer, Mr Satish Kumar Agarwal, as the new State Election Commissioner, official sources said today.A 1974 batch IAS officer, Mr Agarwal was considered close to the SP and had held the post of  ..

Banks in Andhra Pradesh have asked the State Government to establish a central registry for micro, small and medium enterprises at the earliest.A request to this effect has been made by the State Level Bankers’ Committee to the Government last  ..

A large number of candidates appearing for the bank probationary officers exam have been an aggrieved lot ever since the results were declared.Many passed the exam, secured a decent score and applied to different banks on the basis of the prescribed  ..

Uttar Pradesh had the highest number of successful candidates in the common written exam for clerical posts conducted last year. The Institute of Banking Personnel Selection had conducted the exam for recruitment to 19 public sector banks in four pha ..

The Reserve Bank of India has proposed dynamic provisioning for banks — at higher provisioning during economic upturn that could be used during a slowdown when there is higher pressure on loan losses.In a discussion paper released on Friday, th ..

Nationalisation of banks was a path breaking step in deploying financial services for transformation of the economy, Finance Minister Pranab Mukherjee  said Saturday and added that India needs to develop an integrated banking delivery model to p ..

State Bank of India has said that it will consider reducing the lending rates after the announcement of the Reserve Bank’s annual credit policy on April 17.“Of course, we will look into reducing the interest rates in the future, but it wi ..

Vijaya Bank plans to recruit about 1,200 clerical and officer staff every year, the bank's Executive Director, Ms Shubhalakshmi Panse, said.She said, “We are planning to open around 100 branches every year. Besides, 800 to 900 staff will re ..

 Finance ministry has advised banks to popularise electronic funds  transfers to reduce usage of cheques and bank drafts that are prone to fraud, assuring them electronic transfer of funds will have same legal protection as the traditional  ..

Nuclear-powered attack submarine INS Chakra was formally inducted into the Navy on Wednesday in the presence of Defence Minister A.K. Antony, taking India into an elite league of six nations that operate nuclear subs.The Navy will use INS Chakra, com ..

Late cartoonist Mario Miranda, actors Dharmendra and Shabana Azmi, top mathematician M.S. Raghunathan, former Central Vigilance Commissioner N. Vittal and industry leader B. Muthuraman were among those conferred the Padma awards by President Pratibha ..