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RBI says one-third of ATMS non-functional; warns of penal action

RBI says one-third of ATMS non-functional; warns of penal action

25 May 2016

Mumbai: Reserve Bank deputy governor S S Mundra has raised concerns over one-third of ATMs being non-functional and warned the banks of penal action if the compliance levels are not met.

RBI,   Reserve Bank of India,   RBI on ATM,   ATMs in India,   non functional ATM,   business news,  
Rupee recovers 20 paise against dollar in morning trade

Rupee recovers 20 paise against dollar in morning trade

25 May 2016

Mumbai: Reversing its nine-day losing trend, the rupee today recovered 20 paise to 67.55 against the US dollar in morning trade on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic stock markets.

rupee,   dollar,   rupee in morning trade,   rupee value,   rupee vs dollar,   business news,  
<strong>SBI</strong> associates' staff goes on strike against merger

SBI associates' staff goes on strike against merger

20 May 2016

Mumbai: Nearly 50,000 employees of five associate banks of State Bank of India have gone on a day-long nationwide strike today to protest the proposed merger with their parent bank.

SBI,   SBI employee,   SBI staff strike,   SBI merger,   Banks in India,   State Bank of Bikaner and Jaipur,   State Bank of Hyderabad,   State Bank of Mysore,   State Bank of Patiala and State Bank Of Travancore,   Business news,  
Chabahar pact a gateway to Central Asia for Indian companies: FICCI

Chabahar pact a gateway to Central Asia for Indian companies: FICCI

25 May 2016

New Delhi: Chabahar Port agreement with Iran is a landmark development that will help Indian companies boost their engagement in Central Asia and also significantly reduce the transportation cost, industry chamber FICCI said yesterday.

Chabahar pact,   Modi Iran visit,   gateway to Central Asia,   FICCI,   Iran,   industry chamber,   Latest Business News,  
Axis <strong>Bank</strong> raises USD 500 million via green bonds

Axis Bank raises USD 500 million via green bonds

24 May 2016

Mumbai: Country's third-largest private sector lender Axis Bank has hit the international debt markets with its maiden green bond issue to raise USD 500 million, market sources said yesterday.

axis bank,   axis bank shares,   axis bank funds,   IDBI bank,   rating agencies,   Fitch ratings,   Business news,  
Consolidation government policy; need global-sized institutions, says Arun Jaitley

Consolidation government policy; need global-sized institutions, says Arun Jaitley

18 May 2016

New Delhi: The proposal of SBI to merge its five associate banks with itself and acquire Bharatiya Mahila Bank is in line with the government's policy of consolidation as the country needs global-sized institutions, Finance Minister Arun Jaitley today said.

Finance Ministry,   Arun Jaitley,   SBI,   Government policy,   Bharatiya Mahila Bank,   Arundhati Bhattacharya,   State Bank of Bikaner and Jaipur,   State Bank of Travancore,   State Bank of Patiala,   State Bank of Mysore,   State Bank of Hyderabad,   Business news,  
Support second term for Raghuram Rajan as RBI governor: Adi Godrej

Support second term for Raghuram Rajan as RBI governor: Adi Godrej

22 May 2016

New Delhi: Coming out in support of RBI Governor Raghuram Rajan, leading industrialist Adi Godrej has said he is an admirer and it will be a "good thing for India" if his tenure is extended.

RBI Governor,   Reserve Bank of India Governor,   Raghuram Rajan,   Adi Godrej,   Latest Business News ,  
Tamil Nadu polls: Vehicles transporting Rs. 570 crore seized near Tirupur

Tamil Nadu polls: Vehicles transporting Rs. 570 crore seized near Tirupur

15 May 2016

Mumbai:  An election officers seized Rs 570 crore in cash from three containers in poll-bound Tamil Nadu in the wee hours yesterday. However, the State Bank of India said last evening that it was the bank's legitimate cash.

Tamil Nadu Cash Seized,   SBI cash Seized,   Election Officers Seized,   State Bank of India,   Latest States News ,  
RBI should be allowed to take its own decision: Raghuram Rajan

RBI should be allowed to take its own decision: Raghuram Rajan

21 May 2016

Bhubaneswar: RBI has been enjoying full autonomy and support of the government so far and it should be allowed to take its own decision, Governor Raghuram Rajan has told the Central Bank's staff.

RBI,   Raghuram rajan,   Reserve Bank of India,   Rajan,   RBI governor,   RBI governor,   Business news,  
<strong>India</strong> should resist being too ambitious about growth: Raghuram Rajan

India should resist being too ambitious about growth: Raghuram Rajan

23 May 2016

Mumbai: RBI Governor Raghuram Rajan has said India should restrain itself from being "too ambitious" at a time when the world is full of uncertainties and instead focus on sensible policies to ensure a sustainable economic growth.

Raghuram Rajan,   Raghuram Rajan on growth,   Indian economy,   GDP,   RBI governor,   Business news,  

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