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5-6 pc growth not sufficient, says RBI Governor

5-6 pc growth not sufficient, says RBI Governor

Reserve Bank Governor D Subbarao said a growth rate of 5-6 per cent is not sufficient for the economy, which has the potential to grow at double digit rate provided…

Asks banks to check credit card frauds: RBI

Asks banks to check credit card frauds: RBI

The RBI (Reserve Bank of India) has directed banks to impose monetary limit for international transactions on credit and debit cards and refrain from issuing cards with global access unless specifically…

Impose limit on global transactions of cards: RBI tells banks

Impose limit on global transactions of cards: RBI tells banks

In order to check frauds, the RBI has asked banks to impose monetary limit for international transactions on credit and debit cards and refrain from issuing cards with global access…

India to get its first all-women’s bank

India to get its first all-women’s bank

The country is all set to get an all-women bank by this year with the government announcing an initial capital of Rs. 1,000 crore for the purpose. Announcing the Budget…

Mobile phones above Rs 2,000 set to cost more

Mobile phones above Rs 2,000 set to cost more

Mobile phones are set to become costlier with Finance Minister P Chidambaram raising excise duty to six per cent on handsets priced above Rs 2,000 in Budget 2013-14. “About 70…

Farm credit enhanced by Rs 1.25 lakh crore for FY’14

Farm credit enhanced by Rs 1.25 lakh crore for FY’14

Finance Minister P Chidambaram today announced a sharp increase of Rs 1.25 lakh crore in agriculture credit target to Rs 7 lakh crore for next fiscal and allocated additional Rs…

AI’s performance has improved: Economic Survey

AI’s performance has improved: Economic Survey

Air India is likely to come out of its precarious financial position this financial year with a positive cash flow, as its performance has improved considerably, the Economic Survey said…

JPMorgan to cut up to 17,000 jobs by 2014 end

JPMorgan to cut up to 17,000 jobs by 2014 end

JPMorgan Chase & Co said that it plans to cut 17,000 jobs by the end of 2014, representing about 6.6 percent of the company’s overall workforce, as the bank sheds…

Preferential allotment approved by SBI board

Preferential allotment approved by SBI board

State Bank of India has announced that the Executive Committee of Central Board of the Bank, at its meeting held on February 23, 2013 has accorded its approval. To increase the…

Stock of banking aspirants up as RBI invites applications

Stock of banking aspirants up as RBI invites applications

Shares of entities interested in entering the banking space, including those from Reliance, Birlas, M&M and L&T groups, today surged as much as 8 percent following RBI’s guidelines for giving…