SBI waives minimum balance criteria for savings bank account

Last Updated: Tuesday, July 3, 2012, 18:36

In order to attract new customers, State Bank of India (SBI) has done away with minimum balance criteria for saving banks account.

HSBC logs annualised cost savings of $2 billion

Last Updated: Thursday, May 17, 2012, 19:40

Asia-focussed bank HSBC Thursday said it has achieved annualised cost savings of USD 2 billion, by taking a slew of measures, including selling some of its businesses, as part of a major cost-cutting drive.

'Deposit growth below 16% may put pressure on bank spreads'

Last Updated: Sunday, April 22, 2012, 17:52

But what is worrying is the latest data for the week ending April 6, which show that deposit growth has retraced back to 14.3 percent y-o-y, says the report.

Offer basic savings bank deposit a/c without min balance: RBI

Last Updated: Tuesday, April 17, 2012, 22:50

The Reserve Bank has advised banks to offer all customers a 'basic savings bank deposit accounts' which will not insist on a minimum balance.

Compensate bond investors at 8% for late interest credit: RBI

Last Updated: Tuesday, April 10, 2012, 23:45

The Reserve Bank on Tuesday instructed banks to compensate investors in Relief or Saving Bonds (government securities) for the financial loss to them on account of delayed credit of interest at a rate of 8 percent.

Budget 2012: MFs seek clarity on new equity scheme announced

Last Updated: Saturday, March 17, 2012, 17:29

The struggling asset management industry has sought a clarity on the proposed Rajiv Gandhi Equity Saving Scheme (RGESS), announced in the Union Budget, saying it is unclear whether the MF industry can participate in it or not.

Budget 2012: MFs seek clarity on new equity scheme announced

Last Updated: Saturday, March 17, 2012, 17:29

The struggling asset management industry has sought a clarity on the proposed Rajiv Gandhi Equity Saving Scheme (RGESS), announced in the Union Budget, saying it is unclear whether the MF industry can participate in it or not.

Budget 2012: Concessions, exemptions extended to energy saving devices

Last Updated: Friday, March 16, 2012, 14:57

Presenting the Union Budget in the Lok Sabha on Friday, Finance Minister Pranab Mukherjee proposed concessions and exemptions for encouraging the consumption of energy-saving devices, plant and equipment needed for solar thermal projects.

Fight injustice, says Oscar-winning Pakistani

Last Updated: Sunday, March 11, 2012, 13:43

Oscar-winning Pakistani documentary maker Sharmeen Obaid-Chinoy wants Pakistanis "to do their bit for fighting injustice".

Worry for safety of acid attack victims in docu: Oscar-winner

Last Updated: Tuesday, March 6, 2012, 20:30

Sharmeen is worried about the safety of the women who have bravely spoken about their fight for justice against their husbands.

Encourage formal saving instruments more than gold: Assocham

Last Updated: Thursday, March 1, 2012, 19:13

The government must encourage investors to utilise other financial options to help boost the economy instead of relying on gold imports as they are unsustainable and intensify current account deficit, industry body Assocham Thursday said.