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title World Bank says to lend India up to $5 bn a year

The World Bank said on Thursday it would lend between $3 billion to $5 billion annually to India under a new four-year plan that focuses development projects on the country's poorest states. Read More >>

Tags: world bank,world,india,lend,year,development,projects,country,poor,states,billion,annually,plan,focus,development,projects,

April 12, 2013
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World Bank Bars India's Larsen & Toubro  World Bank Bars India's Larsen & Toubro
The World Bank suspended an Indian engineering firm from bidding for contracts through September after it found evidence that an employee of the company had forged documents to win a supply deal five years ago. Read More >>

Tags: World Bank,L&T,Larsen & Tubro,The World Bank's anti-graft investigators,Deepak Morada
March 9, 2013

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Union Bank of India seeks permission for Shanghai branch Union Bank of India seeks permission for Shanghai branch
UBI has its representative offices in Shanghai and Beijing and permission has been sought to upgrade Shanghai office. Read More >>

Tags: Union Bank of India,State Bank Of India,Shanghai,SBI,Canara Bank,Branch,Bank of India,Bank of Baroda
February 3, 2013

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Tatas, Birlas, Ambani eye bank licence  Tatas, Birlas, Ambani eye bank licence
In terms of the timeline set by RBI, the central bank will now send the applications to a high-level selection committee after an initial screening of the application by an in-house panel. Read More >>

Tags: Tatas,Reliance (ADAG),RBI Governor D Subbarao,bank licence,Birla,Bank Licences in India,Reserve Bank of India
July 2, 2013

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RBS Cutting Jobs in India  RBS Cutting Jobs in India
Royal Bank of Scotland is laying off a number of employees in India as part of a plan to wind down its retail and commercial business in the South Asian nation. Read More >>

Tags: jobs,jobs cuts,rbs,india,rbs bank,rbs bank jobs,bank jobs,fresher jobs,fresher,world jobs,
February 22, 2013

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India Central Bank: To Suggest Steps To Reduce Demand For Gold Imports India Central Bank: To Suggest Steps To Reduce Demand For Gold Imports
India's central bank will soon release a report making recommendations on how to reduce demand for gold imports, which would help improve the country's trade balance, a top central bank official said Saturday. Read More >>

Tags: rate cut,Dow Jones,BSE:CENTRALBK,central bank,deficit,gross domestic product,India's,economy,inflation,government,stock market,BSE:CENTRALBK,fox business,icici bank,
December 8, 2012

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SBI Chief: Kingfisher needs to pay up soon SBI Chief: Kingfisher needs to pay up soon
State Bank of India Chairman Pratip Chaudhuri wants the beleaguered Kingfisher Airlines (KFA) to act quickly on repaying its bank loans. When asked if he is willing to give the airline more time, Chaudhuri said, “No….time is of essence. So, we think the company should act faster. It is a big company and with a whole group of banks, action is happening.” A consortium meeting of 17 lenders led by State Bank of India is likely to take a call on February 12 on initiating recovery proceedings, including a change of management, against the debt-laden airline, said a senior banker close to the development. Though banks and KFA management have held talks over the last one year for recovering their dues and reviving the airline, no headway has been made yet. The airline owes about Rs 7,000 crore to banks. Read More >>

Tags: State Bank of India, Chairman, Pratip Chaudhuri, kingfisher, bank loans, repaying, airlines,Companies,Kingfisher Airlines Limited,State Bank Of India,banking,public sector banks,transport and logistics,airlines and aviation
February 10, 2013

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Cobrapost expose:RBI report finds discrepancies in banking ops | www.varthaguru.com Cobrapost expose:RBI report finds discrepancies in banking ops | www.varthaguru.com
The Reserve Bank has unearthed various discrepancies, including non-compliance of KYC norms and fictitious PAN, in its probe following the Cobrapost expose that alleged money laundering by banks. Read More >>

Tags: latest news on cobrapost, kyc norms, fictitious pan, the reserve bank of india, rbi updates, money laundering by banks, kyc norms by banks, senior finance ministry officials, rbi breaking of regulatory norms, icici bank, axis bank, hdfc bank, bypass regula
May 14, 2013

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HDFC Bank net up 30.1% at Rs 1,889.8 crore | www.varthaguru.com HDFC Bank net up 30.1% at Rs 1,889.8 crore | www.varthaguru.com
Country's second largest private lender HDFC Bank on Tuesday reported 30.1 per cent jump in its net profit to Rs 1,889.8 crore in the fourth quarter of the last fiscal on the back of good growth in core income. Read More >>

Tags: country's second largest private lender hdfc bank, latest news on hdfc bank, bank's consolidated net profit, updates on banking sector, net interest income, nii, executive director of hdfc bank, bank's non-interest income, net interest margin of hdfc, ,ban
May 14, 2013

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Criminal probe of routine bank dealings toxic for business Criminal probe of routine bank dealings toxic for business
As long as risks are taken in good faith and without negligence, the outcome can't be a reason to doubt the bona fides of a loan decision. Read More >>

Tags: Public Sector Banks,PSBs,loan decisions,CBI,bank loans, banks, bank news, business, finance,sbi,sbh,icici,hdfc,axis bank,
November 17, 2012

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RBI plans to introduce plastic currency on pilot basis | www.varthaguru.com RBI plans to introduce plastic currency on pilot basis | www.varthaguru.com
Amid allegations of money laundering against banks and insurance companies by an online portal, Reserve Bank Governor D Subbarao today said it was the responsibility of the government and tax authorities to check such activities. Read More >>

Tags: latest news, latest news on reserve bank of india, reserve bank governor, rbi governor d subbarao, responsibility of the government, tax authorities, updates from rbi, platinum jubilee celebrations of jammu & kashmir bank, rbi chief, plastic currency, 23 p
May 14, 2013

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