News at a Glance
Auction for Sale (Re-issue) of Government Stocks
Government of India have announced the Sale (re-issue) of (i) 6.84 per cent Government Stock, 2022 for a notified amount of Rs. 3000 crore (nominal) through price based auction.
Posted On :24/Oct/2017 11:52:34 AM
IOB reduces interest rates on loans
The banks fix the loan interest ratio rates based on the MCSR. Accordingly, the Indian Overseas Bank (IOB) has reduced the MCSR ratio for 3 months by 35 basis points, the MCSR ratio for 6 months by 30 basis points.
Posted On :24/Oct/2017 11:38:51 AM
IPPB appoints Suresh Sethi as its MD & CEO
India Post Payments Bank (IPPB) has appointed Mr. Suresh Sethi, the former MD of Vodafone M-Pesa Ltd. as its Managing Director & Chief Executive Officer. Mr. Sethi had been selected by the Banks Board Bureau.
Posted On :24/Oct/2017 9:48:14 AM
Petrol and diesel price remain unchanged today
Petrol and diesel price remain unchanged today (October 24). Prices may vary from Outlet to Outlet within a city due to differential local sales tax or VAT rates.
Posted On :24/Oct/2017 9:39:27 AM
OMR Zone 1 and Mount Poonamalle attract office demand
The demand for prime office space in Chennai got concentrated along OMR Zone 1 and Mount Poonamalle Road in the 3rd quarter of 2017.
Posted On :23/Oct/2017 5:23:31 PM
New rule for financial transactions over Rs. 50000
The central government has ordered the banks to verify the identity copies furnished by those who do financial transactions of over Rs. 50000 by checking with the original documents of ID proof.
Posted On :23/Oct/2017 12:17:41 PM
Petrol and diesel price increased
Petrol price was increased by 2 paise per litre and diesel price up by 3 paise per litre with effect from 6 am, Oct 23.
Posted On :23/Oct/2017 9:47:36 AM
RBI: It is mandatory to link Aadhar card with bank savings account
The Reserve Bank of India has come up with an explanation that it is mandatory to link Aadhar card details with the bank savings account under the Money Laundering Prevention Act.
Posted On :22/Oct/2017 11:32:03 AM
Petrol and diesel price increased
Petrol price was increased by 14 paise per litre and diesel price up by 9 paise per litre with effect from 6 am, Oct 22.
Posted On :22/Oct/2017 11:00:05 AM
RBI - Not mandatory to link Aadhar card with a bank savings account
The central government had announced in June that Aadhar card will be mandatory to open a savings account in banks.
Posted On :21/Oct/2017 3:06:46 PM
JB Soft System