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New paperless mobile payment system announced by Citibank India

New paperless mobile payment system announced by Citibank India

Citibank India announced a new paperless mobile payment system that would allow its credit and debit card customers to do away with the charge slips. The new system is a…

Due denial of ATM services Banks to give reasons to customers

Due denial of ATM services Banks to give reasons to customers

RBI has given an indicative list of 33 reasons that banks need to mention for ATM declines. The Reserve Bank of India on 17th January has asked banks to mention…

Federal Bank & Manipal Global Education launched

Federal Bank & Manipal Global Education launched

Manipal Global Education Services and Federal Bank announced the launch of Federal Manipal School of Banking at the Manipal University Bangalore Campus located in Bangalore. The inauguration was presided over…

People claims about Bank’s PPI deadline

People claims about Bank’s PPI deadline

The financial watchdog is in talks with banks about setting a deadline of April 2014 for people to claim compensation for mis-sold payment protection insurance policies. The British Bankers Association…

HDFC Bank’s Q3 earnings

HDFC Bank’s Q3 earnings

India’s second largest private sector lender HDFC Bank is likely to report a robust growth of 29% year on year in its third quarter net profit in 2012 to 13.…

In RBI policy rates: Bankers seek cut

In RBI policy rates: Bankers seek cut

Leading bankers on yesterday met RBI top brass, impressing upon them the need to shift focus of monetary policy to growth and sought reduction in the repo rate and the…

Fitch: Singapore property-cooling measures curb risks for banks

Fitch: Singapore property-cooling measures curb risks for banks

The Singapore government’s measures to cool the property market,including higher stamp duty and tighter conditions for mortgages,may curb the build up of potential threats to the credit profile of Singapore…

RBI Deputy Governor: Dr.Urjit Patel

RBI Deputy Governor: Dr.Urjit Patel

Dr.Urjit Patel has taken over as the deputy governor of the Reserve Bank of India. He has been appointed for a period of three years from January 11, 2013. Dr.…

IIP contracts,focus shifts: RBI policy

IIP contracts,focus shifts: RBI policy

Belying hopes of a turnaround, industrial output contracted by 0.1 per cent in November due to poor showing by manufacturing and capital goods sector and may prompt the Reserve Bank…

Standard Chartered Bank opened new full service branch at Chhindwara

Standard Chartered Bank opened new full service branch at Chhindwara

Standard Chartered Bank,India’s largest and best foreign bank has deepened its presence in Madhya Pradesh by launching a full service branch in Chhindwara. A wide ranging product suite of the…