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Indian Banks News

Landslide snaps Siliguri-Sikkim highway link Wednesday, July 20, 2011 @ 5:13AMThe road link between Siliguri and Sikkim was snapped for about six hours Wednesday after heavy overnight rains triggered a landslide on National Highway 31A in West Bengal's Darjeeling district, police said.
In brief: Services Tuesday for slain soldier - Wed, 20 Jul 2011 PST Wednesday, July 20, 2011 @ 4:37AMServices for Staff Sgt. Wyatt A. Goldsmith, 28, who was killed in action Friday in Afghanistan, have been set for 1 p.m. Tuesday. The memorial service will be at the Immaculate Conception Catholic Church, 320 N. Maple St. in Colville, said Bill Danekas of Danekas Funeral Chapel and Crematorium.
WEIO ceremonial opening held at site of 1961 games Wednesday, July 20, 2011 @ 2:37AMFAIRBANKS — On the banks of the Chena River in downtown Fairbanks on Tuesday, people gathered to celebrate the ceremonial opening of the World Eskimo-Indian Olympics — the same place they gathered ...
UPDATE 1-Market Chatter -- Corporate finance press digest Wednesday, July 20, 2011 @ 2:08AM(Adds EnBW, Anglo Irish Bank) BANGALORE, July 20 (Reuters) - The following corporatefinance-related stories were reported by media on Wednesday: * German utility EnBW is offering Russia's Novatek a ...
Fears about debt send gold price above $1,600 Wednesday, July 20, 2011 @ 1:22AMFears about debt send gold price to record.
Research and Markets: An Infrastructure Finance in India 2011 Report - Providing a Detailed Analysis of Indian ... Wednesday, July 20, 2011 @ 12:33AMDUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/574212/infrastructure_fin) has announced the addition of the "Infrastructure Finance in India" report to their offering. The report provides a detailed analysis of the trends and developments in the infrastructure financing sector in India. It provides a comprehensive coverage of ...
Indian Market Off Day's High Wednesday, July 20, 2011 @ 12:01AMThe Indian market is edging higher on Wednesday, extending yesterday's gains, after Apple Inc.'s 125 percent jump in quarterly profit beat estimates and concerns eased over a possible U.S. default.
HDFC Bank Q1 net rises 34%, beats forecast Tuesday, July 19, 2011 @ 11:56PMIndia's third largest lender HDFC Bank marginally beat street estimates with a 33.6 per cent rise in first-quarter profit, led by strong loan growth and higher fee income.
Somali peace deal needed to prevent famine repeat: AfDB boss Tuesday, July 19, 2011 @ 10:09PMIt is a relentless civil war that has forced Somalia to the brink of famine and not just poor rainfall. -AFP
Corporate lending gives HDFC Bank 34% earning lift Tuesday, July 19, 2011 @ 8:07PMCorporate lending gives HDFC Bank 34% earning liftCorporate lending gives HDFC Bank 34% earning lift
Manish Khera: The success stories of business Tuesday, July 19, 2011 @ 6:38PMManish Khera: The success stories of businessManish Khera: The success stories of business
Bancassurance rules are likely to benefit banks as insurers offer high commissions Tuesday, July 19, 2011 @ 6:37PMBancassurance rules are likely to benefit banks as insurers offer high commissionsBancassurance rules are likely to benefit banks as insurers offer high commissions
Corp lending gives HDFC bank 34% lift Tuesday, July 19, 2011 @ 4:52PMCorp lending gives HDFC bank 34% liftCorp lending gives HDFC bank 34% lift
Life is a picnic: Slow down, pack a cooler and enjoy simple things Tuesday, July 19, 2011 @ 10:34AMTaking time out to enjoy the simpler things in life is so important to Tina Powell that the Vancouver resident has written a book about picnics.
Late rally helps Sensex move up 147 points Tuesday, July 19, 2011 @ 8:15AMA benchmark index for Indian equities markets Tuesday rose in a late rally, closing 147 points up, with some large heavyweights seeing healthy buys.
True blue: The Lakes of Ladakh Tuesday, July 19, 2011 @ 4:21AMCome and view the three scenic lakes of Ladakh - Tso Moriri, Pangong Tso, and Tso Kar.
Asateer will bring back Arabian traditions during Ramadan at Atlantis, The Palm Tuesday, July 19, 2011 @ 4:15AMDubai, UAE, 19 th July 2011: Atlantis, The Palm, the leading entertainment resort destination in the Middle East, will be honouring Ramadan with Asateer, a spectacular beachfront tent where guests will be able to enjoy evenings with family and friends in an ambience of time-honoured traditions.
Baht, peso lead Asian FX rises; debt woes still weigh Tuesday, July 19, 2011 @ 3:58AMSINGAPORE : The Thai baht and the Philippine peso on Tuesday led gains in their peers on continuous bond inflows to Asia , while investors remained reluctant to add more positions in the regional units on default threats in the euro zone and the United States .
HPCL grounds Kingfisher flights over Tuesday, July 19, 2011 @ 2:47AMHPCL is the largest supplier of jet fuel to Kingfisher.
07/19/11 — What’s Happening Tuesday, July 19, 2011 @ 1:53AMAn end in sight to 1800, 1808 closures Backcountry recreationists have gone four years without motorized access on the Forest Service 1800 and 1808 roads south of Bumping Lake, popular routes to trailheads heading into the William O. Douglas Wilderness as well as Copper Canyon and the Deep Creek Campground. Hikers, horseback riders and mountain [...]
Nelson readying campaign Monday, July 18, 2011 @ 11:48PMBilly Nelson Jr., Findlay's independent mayoral candidate, knows firsthand about flooding.
Gold hits new record as fear abounds Monday, July 18, 2011 @ 7:06PMGold's reputation as a safe place for your money sent it above $US1600 ($A1508) for the first time.
Trident Micro plans to convert debt into equity Monday, July 18, 2011 @ 6:43PMTrident Microfin has proposed to convert its debt into equity through a consortium of bankers led by the Indian Overseas Bank.
Gold price soars on debt fears Monday, July 18, 2011 @ 6:23PMGOLD'S reputation as a safe place for your money sent it above $US1,600 ($A1,508) for the first time.
Barclays to realign India biz 25-30 job cuts likely Monday, July 18, 2011 @ 2:49PMBarclays Bank has decided to combine its client relationship teams at Barclays Corporate and Barclays Capital in India. The move would result in around 25-30 job cuts.
Bankers ask for a pause in rate increase cycle Monday, July 18, 2011 @ 1:36PMHurt by slowing credit demand and increasing margin pressures, bankers have requested the Reserve Bank of India (RBI) not to increase the key policy rate in the first quarter review of the monetary and credit policy on July 26.
Scottsdale city notes: Volunteers needed for panels Monday, July 18, 2011 @ 12:49PMScottsdale is seeking volunteers for five city boards and commissions, to be filled in September.
Slowdown to cool inflation; global threats grow Monday, July 18, 2011 @ 11:21AMSINGAPORE -- Asia’s major economies are set for a modest slowdown in coming months, while next year’s growth prospects hinge on how quickly inflation cools at home and demand recovers abroad, a Reuters poll showed.
HSBC alerts customer segment of IRS letter Monday, July 18, 2011 @ 11:04AMLONDON, July 18 (UPI) -- A bank at the core of a U.S. crackdown on tax scofflaws has alerted Indian-American clients it received an IRS summons seeking U.S. account-holders' names.
Bankers urge RBI to hold hikes on current level, clarify on future rate,inflation Monday, July 18, 2011 @ 8:38AMBankers urge RBI to hold hikes on current level, clarify on future rate,inflationBankers urge RBI to hold hikes on current level, clarify on future rate,inflation
Efforts continue to get permits for large river improvement project Monday, July 18, 2011 @ 7:36AMBy Kate HesslingTribune Staff Writer BAD AXE — Officials still are in the permitting phase of the Pigeon River Watershed improvement project — which is unlike any other that’s ever been done in the state.
India, Pakistan officials meet over Kashmir Monday, July 18, 2011 @ 6:59AMIndian and Pakistani officials met Monday to prepare the ground for foreign minister-level talks later this month in the first contacts after the blasts in Mumbai.
Sensex edges lower, negative global cues weigh Monday, July 18, 2011 @ 6:57AMA benchmark index for Indian equities markets Monday closed 54 points lower as negative global cues kept trading subdued. Loss makers were led by IT and auto stocks.
US-based Indian doctors' to hold walkathons for healthier lifestyle Monday, July 18, 2011 @ 5:31AMNew York, Jul 18: American Association of Physicians of Indian Origin(AAPI) will promote healthier lifestyle among people by staging walkathons in cities across the US and also engage younger physicians productively to take the organisation to the next level, according to the body's new president.
Sensex gives up early gains, slips into red Monday, July 18, 2011 @ 5:12AMMumbai, July 18 : A benchmark index for Indian equities markets gave up its morning gains to rule in the red Monday afternoon as selling gripped auto, IT and healthcare scrips.
Banks' association suggests rate hike pause to RBI Monday, July 18, 2011 @ 4:19AMLenders have suggested to the Reserve Bank of India (RBI) to pause its rate hike cycle and also urged for a clear forward looking statement on interest rates at the policy review next week, said Indian Banks' Association Chief Executive K. Ramakrishnan on Monday.
Swiss banks owe Indians only $2.5 billion Monday, July 18, 2011 @ 4:07AMThe Swiss Central Bank has estimated the total liabilities of Swiss banks toward Indian account holders at about $2.5 billion in 2010 as against the $1.5 trillion figure projected by some political parties and non-governmental organisations.
Blasts dent diamond industry Monday, July 18, 2011 @ 3:39AMBANGALORE - The serial blasts that rocked Mumbai last week have jolted India's diamond industry. Two of the three blasts occurred in diamond hubs. The first of the three coordinated bombings was at Zaveri Bazaar, the center of India's bullion market and a diamond and jewelry hub.
Rupee drops by 10 paise vs dollar Monday, July 18, 2011 @ 1:20AMThe Indian rupee dropped further by 10 paise to Rs 44.61 per US dollar in early trade today on persistent dollar demand from banks and importers despite weakness of the American currency in global markets.
EU Stress Tests, IRS Reporting Rules, Body Scans: Compliance Sunday, July 17, 2011 @ 11:29PMEight banks failed the European Union stress tests after regulators said on Friday they had a combined capital shortfall of 2.5 billion euros ($3.5 billion), less than predicted by analysts and investors.
Indian Market May Remain Range-bound Sunday, July 17, 2011 @ 10:31PMThe Indian market may witness range bound trading on Monday, tracking mixed global cues. U.S. stocks finished Friday's session higher, but were softer on a weekly basis, while Asian stocks are currently trading mixed after U.S. President Barack Obama said the government is " running out of time" to reach a deal on the nation's debt limit, which is necessary to avoid a default.
New wave of border crossers Sunday, July 17, 2011 @ 9:41PMLOS FRESNOS — Police wearing berets and bulletproof vests broke down the door of a Guatemala City apartment in February hunting for illegal drugs. Instead, they found a different kind of illicit shipment: 27 immigrants from India packed into two...
PSM 6: For the good of all, the sacrifice of a few — Veronica Anne Retnam Sunday, July 17, 2011 @ 8:52PMJULY 18 — A rocky path indeed that a group committed for a better Malaysia has chosen. That path today is suddenly being joined by ordinary Malaysians, rising to the occasion. And they come from all shades, beliefs, from all ages; for the simple reason that the truth must be told, that one must take sides with. Our PSM 6 friends, detained without ...
Ownership in a digital world Sunday, July 17, 2011 @ 8:36AMCountries that are highly technological have promoted the extension of ‘moral rights' to new technologies, from computer programs to collaborative works such as film, writes Mira T. Sundara Rajan in Moral Rights: Principles, practice and new technology (www.oup.com).
Burned in downturn, Indian banks revive plastic push Sunday, July 17, 2011 @ 4:49AMIndian banks are pushing plastic again, hoping that credit card sales will lift profits in a market where the competition is tough, the opportunity large, and the risks high. Fewer than 18 million of India’s 1.2 billion people use credit cards. In China, a country with a slightly higher population, more than 200 million credit cards were in use as of a year ago.
Families can easily hike to these memories Sunday, July 17, 2011 @ 4:00AMWild” is one translation for the Umpqua Indian word Lemolo. It’s appropriate as you drop into the North Umpqua canyon below Lemolo Lake, where your family can collect memories of: Fir fragrance, sinking toward earth; pooling, invisibly, among purple
Swiss banks owe Indian holders over $2 billion: Swiss Central Bank Sunday, July 17, 2011 @ 3:56AMThe Swiss Central Bank has estimated the total liabilities of Swiss banks toward Indian account holders at about $2.5 billion in 2010 as against the USD 1.5 trillion figure projected by some political parties and non-governmental organisations.
Mumbai blast suspect Faiz Usmani dies Sunday, July 17, 2011 @ 12:59AMA man being questioned by police in the July 13 Mumbai blasts died following a brain haemorrhage early Sunday, a medical officer said.
Refugee Capital Sunday, July 17, 2011 @ 12:46AMThe UAE remains a sanctuary for many expatriates from troubled countries across the entire North Africa and South Asia landscape.
Indian immigrants cross through Mexico Sunday, July 17, 2011 @ 12:28AMLOS FRESNOS -- Police wearing berets and bulletproof vests broke down the door of a Guatemala City apartment in February hunting for illegal drugs. Instead, they found a different kind of illicit shipment: 27 immigrants from India packed into two l ...