Search Results for: PMC Bank

indian-banks-to-wait-before-hiking-loan-rates-post-rbis-tightening

Indian banks to wait before hiking loan rates post RBIs tightening

Mumbai, Jan 29 (ANI): Top Indian bankers said that they would wait to observe inflation and market trends further, before increasing the interest rates of loans to citizens for balancing funds due to the sudden hike in repo rate by the RBI. Reserve Bank of India (RBI), surprisingly raised interest rates for lending money to commercial banks on Tuesday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling emerging economies. The RBI, however, said that if retail inflation eases as projected, it does not foresee further near-term monetary policy tightening. The hike in repo rate could have a direct impact on the lending rates of funds borrowed by the citizens from the commercial banks. Meanwhile, chief of Indian Banks’ Association, K.R. Kamath, said that banks would have to take a final call on the interest rates only after considering the burden on customers due to inflation. Jan 29, 2014
shameful-that-rahul-gandhi-has-stooped-to-such-low-vote-bank-politics-harsimrat-kaur-badal

Shameful that Rahul Gandhi has stooped to such low vote bank politics: Harsimrat Kaur Badal

New Delhi, Jan 28 (ANI): Shiromani Akali Dal ( SAD) MP Harsimrat Kaur Badal on Tuesday criticized Congress vice president Rahul Gandhi's remarks that 'the government of the day in 1984 was not aiding and abetting the anti-Sikh riots', and said that it is very shameful that Rahul Gandhi has stooped to such low votes bank politics. She further accused the then ruling Congress Party in 1984 of abetting and participating in the riots, in which thousands of Sikhs were killed. Badal further said that the 1984 anti-Sikh riots were targeted systematic butchering of thousands of Sikhs, and added that there was no law and order. She further accused Rahul Gandhi for lying on national television by stating that the Congress government worked to stop the riots. Jan 28, 2014
israel-barrier-threatens-to-split-west-bank-villages

Israel barrier threatens to split West Bank villages

Israel's separation barrier could soon destroy the livelihoods and redraw the demographics of the Palestinian village of Battir should an imminent court ruling approve its planned route. Duration: 02:24 Jan 28, 2014
rbi-hikes-repo-rate-by-25-bps

RBI hikes repo rate by 25 bps

New Delhi, Jan 28 (ANI): The Reserve Bank of India on Tuesday unexpectedly raised policy interest rate by 25 basis points. RBI Governor Raghuram Rajan however said that if consumer price inflation eases as projected it does not foresee further near-term tightening. Jan 28, 2014
india-going-to-be-manufacturing-hub-of-world-soon-anand-sharma

India going to be manufacturing hub of world soon: Anand Sharma

Bangalore, Jan 28 (ANI): Trade minister Anand Sharma has said that the government has formulated a forward looking and dynamic policy which will make the nation a manufacturing hub of the world in less than two decades. Sharma said this while addressing the annual Confederation of Indian Industries (CII) flagship event in Bangalore, which saw participation of 1,000 delegates from 45 countries. Sharma also quoted the latest reports by consultancy firm Ernst and Young which has put India as number one in future destination for foreign direct investment (FDI). Jan 28, 2014
uncertain-times-for-argentinas-economy

Uncertain times for Argentina's economy

Argentina's peso stabilized Friday after plunging 14 percent over two days, helped by the government's removal of some exchange controls and the central bank's reported resumption of intervention. Duration: 02:48 Jan 26, 2014
muslims-across-world-assemble-for-bishwa-ijtema-in-bangladesh

Muslims across world assemble for Bishwa Ijtema in Bangladesh

Tongi (Dhaka), Jan 25 (ANI): Muslims across the globe thronged a small village in Bangladesh for the annual Bishwa Ijtema (world congregation), the second biggest mass gathering after Haj, joining their hands in a special prayer to promote peace, tranquillity, spirit of brotherhood and understanding among Islamic nations. Streams of devotees arrived at the venue on the bank of the Turag River at Tongi, near Dhaka. The event focuses on prayers and meditation and does not allow political discussion. Another follower from a remote district of Bangladesh, Borhanuddin, said that he was going to pray for the Muslims, who lost their lives in violent clashes or war zones across the world. Jan 25, 2014
bse-closes-points-240-10-down-on-jan-24

BSE closes points 240.10 down on Jan 24

New Delhi, Jan 24 (ANI): Trading at the Bombay Stock Exchange today closed 240.10 points down to stand at 21133.56. At the National Stock Exchange the Nifty closed 78.90 points up to stand at 6,266.75. Bharti Infratel and Mahindra and Mahindra Financial were among the top gainers of Group A with an increase of 2.50% and 2.40% along with Dabur India and Asian Paints Ltd. with an increase of 1.17% and 1.11% respectively, while the top losers of Group A include Ranbaxy Lab and Canara Bank with a decrease of 19.33% and 6.67% along with Biocon and Oriental Bank with a decrease of 5.61% and 5.48% at the close of the markets. The Auto sector is down 191.16 points at 11,953.12while the banking sector is down 240.70 points at 12,556.16 and the realty sector is down 43.02 points at 1,307.17. The Indian currency is up 0.28% at Rs 62.38per dollar. Jan 24, 2014
congress-worships-poor-for-votes-cannot-tolerate-tea-seller-becoming-pm-narendra-modi-part-2

Congress worships poor for votes, cannot tolerate tea-seller becoming PM: Narendra Modi - Part - 2

Gorakhpur, Jan 23 (ANI): While addressing a rally in Gorakhpur district of Uttar Pradesh on Thursday, Narendra Modi said that Congress worships poor people for vote bank. He said that they cannot tolerate a ‘tea-seller’ becoming the prime minister of the nation. Modi further said that Congress never desired to eradicate poverty from the nation or else there would not be such condition of the people of the nation. He pleaded the people to give BJP just 60 months unlike Congress’ 60 years of rule and feel the changes coming in society. Jan 23, 2014
congress-worships-poor-for-votes-cannot-tolerate-tea-seller-becoming-pm-narendra-modi-part-1

Congress worships poor for votes, cannot tolerate tea-seller becoming PM: Narendra Modi - Part - 1

Gorakhpur, Jan 23 (ANI): While addressing a rally in Gorakhpur district of Uttar Pradesh on Thursday, Narendra Modi said that Congress worships poor people for vote bank. He said that they cannot tolerate a tea-seller' becoming the prime minister of the nation. Modi further said that Congress never desired to eradicate poverty from the nation or else there would not be such condition of the people of the nation. He pleaded the people to give BJP just 60 months unlike Congress 60 years of rule and feel the changes coming in society. Jan 23, 2014
all-women-bank-comes-up-in-uttarakhand-to-empower-poor

All-women bank comes up in Uttarakhand to empower poor

Nainital, Jan 22 (ANI): In a bid to empower poor women, An NGO named Pahal in Nainital city of Uttarakhand started an all-women bank to help them become self-reliant and take loans to start their own businesses. The NGO formed a self help group and gave them essential training to understand the functioning of banks, how to open bank accounts, take loans and on how to save money. Jan 22, 2014
bse-closes-points-50-04-up-on-jan-21

BSE closes points 50.04 up on Jan 21

New Delhi, Jan 21 (ANI): Trading at the Bombay Stock Exchange today closed 50.04 points up to stand at 21255.09. At the National Stock Exchange the Nifty closed 12.55 points up to stand at 6,316.50. Suzlon Energy and Aurobindo Pharma were among the top gainers of Group A with an increase of 7.20% and 5.90% along with Biocon and Jet Air India with an increase of 5.85% and 5.48% respectively, while the top losers of Group A include Kotak Mahindra Bank and Allahabad Bank with a decrease of 3.10% and 2.89% along with CESC and Coal India with a decrease of 2.76% and 2.45% at the close of the markets. The Auto sector is up 106.66 points at 12,221.12 while the banking sector is up 198.25 points at 12,772.99 and the realty sector is up 8.01 points at 1,343.80. The Indian currency is down 0.28% at Rs 61.80 per dollar. Jan 21, 2014
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