SBI

RBI Eases KYC Norms to Avail Bank Accounts

Reserve Bank of India in a press release stated that the KYC norms have been made simpler, and now anyone can open a bank account with just one address proof - either permanent or local. Jun 13, 2014
himachal-pradesh-tragedy-survivors-blame-laxity-of-safety-measures-as-cause-of-deaths

Himachal Pradesh tragedy survivors blame laxity of safety measures as cause of deaths

Mandi/ Hyderabad, June 13 (ANI): Survivors of the Himachal Pradesh river tragedy which swept away 24 students blamed negligence of safety measures at the site Beas River as the cause of deaths. The survivors said besides the college authorities, state tourism department were also responsible for lack of caution signs at the site. Meanwhile, two more bodies were recovered on Thursday and were flown to their home town. Rescuers stepped up search operations for the missing students of the engineering college who were swept away by water released from a dam while the group was taking photographs at the river bank near Thalot on Manali-Kiratpur Highway in Himachal Pradesh Jun 13, 2014
An employee counts rupee notes at a cash counter inside a bank in Kolkata.

Rupee Falls Flat due to Forthcoming CPI and IIP Release

Rupee declined at early trade on Wednesday at 59.32 per dollar against previous day's closing value of 59.29 a dollar. The fall can be attributed to increased demand for American currency at Interbank Foreign Exchange market and absence of major inflows. Jun 11, 2014
fm-banks-meet-uday-kotak-stresses-on-mutual-fund-rather-than-gold-and-property-investment

FM-Banks Meet: Uday Kotak stresses on mutual fund rather than gold and property investment

New Delhi, June 10 (ANI): Vice-Chairman and Managing Director of a leading private bank, Kotak Mahindra, Uday Kotak said on Tuesday that there needs to be a significant boost for India s financial savers and it is important to move people away from property and gold investments to mutual funds. Banking Secretary GS Sandhu said the government is examining all suggestions put forth by the banking institution heads. Chairman and Managing Director of Central Bank of India, Rajeev Rishi, said the discussions were mostly on funding for bank infrastructures and capitalisation and infrared ink issue was discussed in detail. Jun 10, 2014
suspected-isil-militants-seize-iraqi-city-of-mosul

Suspected ISIL militants seize Iraqi City of Mosul

Iraq, June 10 (ANI): Insurgents, reportedly fighters of Islamic State of Iraq and the Levant (ISIL) assumed full control of Mosul, Iraq's second-largest city on Tuesday. According to sources, after seize of Mosul, Terrorist organization ISIL took control over all of Mosul's government facilities, airports, central bank holding billions of Iraqi currencies. The seize came after days of heavy clashes with government forces, wherein at least 30 people were killed in a double bombing which targetted the offices of a Kurdish political party in the northern Iraqi town of Tuz Khurmato on Monday itself. A car bomb blew up at a checkpoint near the local headquarters of the Patriotic Union of Kurdistan (PUK) party, before a truck packed with explosives was detonated beside a wall late Monday. Jun 10, 2014