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JK Bank Convenes 107th SLBC

JK Bank Convenes 107th SLBC

Jammu, FEB 21: J&K Bank today convened 107th meeting of J&K State Level Bankers’ Committee (SLBC) here at the conference centre of Hotel Radisson Blu, Jammu. The meeting was presided over by Mr. B. B. Vyas, Chief Secretary J&K Government. Other prominent dignitaries who attended the meeting included Financial Commissioner, Housing & Urban Development Department Mr. K. […]

Non-predatory rules: Jio is once again the gainer

February 21, 2018 The non-predatory tariff rules announced by sectoral regulator Trai could adversely impact incumbent operators like Bharti Airtel, Vodafone and Idea Cellular as the new norms restrict their pricing flexibility, whereas new entrant Reliance Jio will be left untouched at least till the time it achieves a market share of 30 per cent. […]

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JK Bank organizes ‘Digital Banking System’ workshop at Bandipora

BANDIPORA, FEBUARY 19: The Jammu and Kashmir Bank today organised a day-long workshop on ‘Digital Banking System’ at Bandipora. The workshop was attended by Drawing and Disbursing Officers (DDOs) of various departments. The Chief Planning Officer, Abdul Majeed presided over the workshop while as bank officers and other coordinated staff were present on the occasion. […]

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Sensex, Nifty fall as lenders drag after $1.77 billion bank fraud

19 February 2018 Indian shares ended lower on Monday, with sentiment hurt as state-run lenders extended losses over worries about a $1.77 billion fraud disclosed by Punjab National Bank last week that has a bearing on some other banks. The benchmark BSE Sensex closed down 0.69 percent at 33,774.66. The broader NSE Nifty ended 0.71 […]

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Oil hits highest in nearly two weeks on Asian equity recovery

TOKYO  – Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East. Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against Iran itself, not just its […]

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DoT to unveil 5G roadmap by June: Telecom Secretary

  New Delhi, Feb 16  Telecom Secretary Aruna Sundararajan on Friday said the Department of Telecommunications (DoT) will unveil the roadmap for 5G or fifth-generation by the end of June. “The DoT has received good inputs on 5G in the new telecom policy or NTP 2018 which is yet to be unveiled. The draft of […]

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SBI launches Global NRI Centre in Kochi

Kochi, Feb 16 :The State Bank of India, which has a strong NRI customer base of over 33 lakh, on Friday launched its Global NRI Centre (GNC) here. The GNC will be a one-stop customer service centre for all Non-Resident Indian (NRI) banking related services. To enhance the service experience of NRIs, the bank also […]

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PNB fraud: Finmin asks banks to submit status report soon

February 14, 2018 Concerned over fraud of over Rs 11,300 crore at Punjab National Bank, the finance ministry has asked all banks to send reports involving this case or other such incidents latest by the end of this week. Earlier in the day, PNB disclosed some fraudulent transactions with financial implication of USD 1.77 billion […]

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RBI Governor Says Stock Market Bubble Won’t Cause A Major Problem

10 February 2018   RBI Governor Urjit Patel today said the stock market bubble should not “lead to a very major problem” even has he stressed on the need for the regulators to be cognisant of the risks going forward. “There has already been a correction not only globally but in India and therefore in […]

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RBI, SEBI need to take cognisance of market volatility: Urjit Patel

New Delhi, Feb 10 : Reserve Bank of India (RBI) Governor Urjit Patel on Saturday said the apex bank and the market regulator Securities and Exchange Board of India (SEBI) need to be cognisant of the equity market volatility for risk assessement. “In the last few days, there has already been a correction, not only […]

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