Tag Archives: bank

Centre asked World Bank to drop Amaravati project: AP finance minister

Hyderabad: The Union finance ministry has asked the World Bank not to go ahead with the funding of Amaravati, the proposed capital of Andhra Pradesh, state finance minister Buggana Rajendranath said on Monday. The World Bank, which had promised $300 million investment for the project, however, said it would be happy to support additional proposals for finance, the minister added. In ... Read More »

Number of bank fraud declines to 6,735 in 2018-19, says FM Nirmala Sitharaman

The bank fraud incidence involving over Rs 1 lakh has declined to 6,735 in 2018-19 as compared to 9,866 in the previous fiscal, Parliament was informed Tuesday. The bank fraud incidence involving over Rs 1 lakh has declined to 6,735 in 2018-19 as compared to 9,866 in the previous fiscal, Parliament was informed Tuesday. During 2018-19, as many as 6,735 ... Read More »

Summerland food bank launches Christmas in June campaign

SUMMERLAND REVIEW FILE PHOTO THE SPIRIT OF GIVING The Summerland Food Bank and Resource Centre is looking for people to take on the role of a Santa in June to help those in need within the community. Although the June days are warm and sunny, the Summerland Food Bank and Resource Centre is working to promote the spirit of Christmas. ... Read More »

Bank credit growth to priority sector slows drastically

Most of priority sector loans are supposed to serve a social purpose and they are meant to ensure that credit flows to those sections of society whom the banks may otherwise neglect. Photo: AFP It’s not just lending to the beleaguered corporate sector that has slowed—bank credit growth to the priority sector too has fallen considerably in recent months. The ... Read More »

Signing of MoU between IIM Lucknow and Axis bank to benefit females

A memorandum of understanding (MoU) has been signed between the Indian Institute of Management (IIM), Lucknow and Axis Bank. Through this MoU, all the female candidates getting into the one-year executive MBA, International Programme in Management for Executives (IPMX), will be given an option to join Axis Bank after completing their degree from IIM-L. Axis WE Lead The entire initiative, which ... Read More »

Signing of MoU between IIM Lucknow and Axis bank to benefit females

A memorandum of understanding (MoU) has been signed between the Indian Institute of Management (IIM), Lucknow and Axis Bank. Through this MoU, all the female candidates getting into the one-year executive MBA, International Programme in Management for Executives (IPMX), will be given an option to join Axis Bank after completing their degree from IIM-L. Axis WE Lead The entire initiative, which ... Read More »

John Lewis has unveiled the top 10 toys for Christmas 2017… and they could just break the bank

IT’S only September and it might seem too soon to mention the C-word but there are only 90 shopping days to Christmas. Not surprisingly, those festive folk at John Lewis are already on the case – and they’ve unveiled their list of the top ten toys for the 2017 market. GETTY – CONTRIBUTOR   What will the kids be unwrapping ... Read More »

AU Small Finance Bank to make market debut on Monday

New Delhi: AU Small Finance Bank will make its stock market debut on 10 July after successfully concluding its initial public offer (IPO) in June. The IPO of AU Small Finance Bank was oversubscribed 53.60 times during 28-30 June and raised Rs1,912 crore. The category reserved for qualified institutional buyers (QIBs) was oversubscribed 78.77 times, while the portions reserved for non-institutional ... Read More »

ING bank says it will not finance major Canadian pipeline projects

Dutch lender ING Groep NV has said it would not finance any of Canada’s major pipeline projects, including TransCanada Corp’s Keystone XL and Energy East and Enbridge Inc’s Line 3, after pressure from activists. The move came after ING earlier this month publicly disavowed Kinder Morgan Canada Ltd’s Trans Mountain expansion project, but did not name any other Canadian projects. ... Read More »

To support MSME lending IndusInd bank raises USD 225 million from OPIC

With the intention of helping micro, small, and medium enterprise (MSME), IndusInd Bank recently raised USD 225 million loan from OPIC. Representational image The Overseas Private Investment Corporation (OPIC) has given a loan of USD 225 million to IndusInd Bank, to support its micro, small, and medium enterprise (MSME) lending programs. This financed agreement will open doors for 25 per ... Read More »