Friday, April 27, 2012

Account transfer within bank made easier

Account transfer within bank made easier


Account transfer within bank made easier

Posted: 27 Apr 2012 04:40 PM PDT

The Reserve Bank of India has made it mandatory for banks to allow transfer of accounts from one branch to another without insisting on opening a fresh account.


Account transfer within bank made easier

Posted: 27 Apr 2012 04:40 PM PDT

The Reserve Bank of India has made it mandatory for banks to allow transfer of accounts from one branch to another without insisting on opening a fresh account.


Account transfer within bank made easier

Posted: 27 Apr 2012 12:06 PM PDT

Bank customers who change jobs or locations will find it easier to shift their bank account to the new location now. The Reserve Bank of India (RBI) has made it mandatory for banks to allow transfer of accounts from one branch to another without insisting on opening a fresh account or making the customer undergo the full know your customer process again.


IMF too flags India’s governance concerns

Posted: 27 Apr 2012 12:04 PM PDT

After chief economic adviser Kaushik Basu and Standard & Poor's, it's the International Monetary Fund (IMF) which has cited governance concerns and the tardy pace of project approvals for a moderation in economic growth.


ICICI Bank Q4 profit up 31% as group companies' income surges

Posted: 27 Apr 2012 12:03 PM PDT

The bank's profits for FY12 stood at Rs 6,465 crore, an increase of 26% over FY11. Its consolidated profit, which takes into account the performance of subsidiaries, stood at Rs 7,643 crore, an increase of 25% over last year.


Garment makers eye emerging markets

Posted: 27 Apr 2012 11:40 AM PDT

Apparel export companies in India are eyeing emerging markets like South Africa and Latin America, as demand in traditional markets such as Europe and the US has come down considerably in the last one year.


Samsung No. 1 handset maker

Posted: 27 Apr 2012 11:37 AM PDT

Samsung Electronics overtook Nokia as the world's biggest vendor of mobile phones for the first time, ending the Finnish company's 14-year run as the global leader, according to an industry study.


Spanish economy in 'huge crisis'

Posted: 27 Apr 2012 07:39 AM PDT

Spain's sickly economy faces a "crisis of huge proportions", a minister said on Friday, as unemployment hit its highest level in almost two decades and Standard and Poor's downgraded the government's debt by two notches.


India, China will lead Asia's growth: IMF

Posted: 27 Apr 2012 06:20 AM PDT

Even as it lowered India's growth forecast to 6.9% this year from 7.1% in 2011, the IMF said that led by India & China, Asia will remain the fastest growing region in the world.

Rupee falls for 4th week

Posted: 27 Apr 2012 05:44 AM PDT

The rupee posted a fourth consecutive week of falls after ending flat on Friday, as investors add more bearish bets on a local currency that is pricing in deep uncertainties about the country's economic and fiscal challengers.


Sensex closes 4 points high

Posted: 27 Apr 2012 04:12 AM PDT

Reversing intra-day losses of over 100 points, the BSE benchmark Sensex on Friday ended higher though by a mere 4 points, helped by smart rise in shares of ICICI Bank.


ICICI Bank Q4 net result up 31%

Posted: 27 Apr 2012 01:49 AM PDT

ICICI Bank, India's No. 2 lender, reported a better-than-expected 31.1 percent rise in quarterly profit, bolstered by strong loan growth and higher treasury and fee income.


Rupee drops 15 paise against dollar

Posted: 26 Apr 2012 11:40 PM PDT

The rupee dropped 15 paise to 52.70 against the US dollar in late morning trade on Friday on month-end demand for the American currency from importers.


Oil near $104 after S&P cuts Spain debt rating

Posted: 26 Apr 2012 10:55 PM PDT

Oil prices fell to near $104 a barrel Friday in Asia after Standard & Poor's lowered Spain's credit rating by two notches, re-igniting fears about Europe's debt crisis.


Rupee gains against dollar

Posted: 26 Apr 2012 10:52 PM PDT

The rupee rose by 5 paise to 52.50 against the American currency at the Interbank Foreign Exchange (Forex) market in early trade on Friday as the American currency fell against Asian rivals.


Pak potatoes rescue Indian consumers

Posted: 26 Apr 2012 10:22 PM PDT

With zero import duty on import at the LOC trade points, Pakistani potato is cheaper than the Indian variety by 20% to 40%.


Pak potatoes rescue Indian consumers

Posted: 26 Apr 2012 10:22 PM PDT

With zero import duty on import at the LOC trade points, Pakistani potato is cheaper than the Indian variety by 20% to 40%.


Sensex gains on buying by funds

Posted: 26 Apr 2012 09:42 PM PDT

The BSE benchmark Sensex rose by over 105 points in early trade on Friday on buying by funds and retail investors at existing lower levels amid a firming trend in Asian markets.

Sensex gains on buying by funds

Posted: 26 Apr 2012 09:42 PM PDT

The BSE benchmark Sensex rose by over 105 points in early trade on Friday on buying by funds and retail investors at existing lower levels amid a firming trend in Asian markets.


Asia stocks muted amid mixed economic signs

Posted: 26 Apr 2012 09:16 PM PDT

Asian stock markets made only limited headway on Friday as traders weighed positive U.S. company earnings and home sales against growing signs of recession in Europe.

Asia stocks muted amid mixed economic signs

Posted: 26 Apr 2012 09:16 PM PDT

Asian stock markets made only limited headway on Friday as traders weighed positive U.S. company earnings and home sales against growing signs of recession in Europe.


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