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Banks advised to fix realistic PLR
MUMBAI, APRIL 29. In order to enhance transparency in banks' pricing of their loan products as also to ensure that prime lending rates (PLRs) truly reflect the actual costs, the Reserve Bank of India Governor, Bimal Jalan, today advised banks to ...
Industry hails cut in Bank Rate
NEW DELHI, APRIL 29.Industry today welcomed the Reserve Bank of India's reduction of interest rates in the 2003-04 credit policy in continuation with soft interest rate regime policy and looked forward to further reduction in bank lending ...
RBI to help banks facing liquidity problem — Jalan
MUMBAI, APRIL 29.The Reserve Bank of India would extend liquidity support to a bank facing sudden and unforeseen liquidity problem, provided the bank is financially sound, the RBI Governor, Bimal Jalan, said today. In some rare and unusual ...
UCBs asked to adopt concurrent audit
MUMBAI, APRIL 29. In line with the recommendation made by the Joint Parliamentary Committee (JPC) which enquired into the stock market scam, the Reserve Bank of India has decided that Urban Co-operative Banks (UCBs) would be given a maximum ...
Other Stories

  • 5 regional exchanges to come together
  • Skoda starts CKD assembly operations
  • NetApp sets up tech centre
  • Prahlad calls for innovation
  • Confidence index down: FICCI
  • Anand Mahindra new CII President COPORATE DOSSIER
  • Ranbaxy pays 100 p.c. final
  • Grasim posts profit
  • CRISIL strengthens position
  • Orchid Chemicals doubles profit


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    Citrix ties up with TCS
    NEW DELHI: Citrix Systems India has tied up with Tata Consultancy Services to provide consulting and implementation on server-based computing solutions to the enterprise market. Under this alliance, as a solutions integrator, TCS would either ...
    Tata AIG's policies for children
    CHENNAI: Tata AIG Life Insurance has launched three life insurance polices — Assure EduCare 18, Assure Educare 21 and Assure CarrerBuilder. These policies have been designed keeping in mind the funds needed to meet the university and ...
    SBI in pact with NCR Corpn.
    MUMBAI: State Bank of India and NCR Corporation, financial self-service solution provider, have signed a pact to install about 1,500 automated teller machines (ATMs) in the next 18 months. With this, SBI would have the largest network of over ...
    Bank of Punjab launches debit card
    NEW DELHI: Bank of Punjab launched its international debit card with MasterCard, while tying up with Life Insurance Corporation, Bharat Sanchar Nigam and Airtel for making bill payments through its cards. This is the first phase of the bank's ...
    Days Inn opens one more property
    CHENNAI: Days Inn has opened its latest property in Chennai, Days Inn Vijay Park, an 89 room centrally air-conditioned hotel. It has a modern, residential facility with double rooms, suites and a Presidential suite, says a company ...
    Apple opens online music store
    SAN FRANCISCO: Apple Computer has unveiled its online music store on Monday in a move that both the company and the record industry hope will mark the beginning of a lucrative and legal partnership offering downloads of popular music. Apple will ...



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