Doha Bank looking at setting up subsidiary in India
Doha Bank, one of the largest commercial banks of Qatar, is looking at the possibility of setting up a subsidiary in India, an top official of the bank today said. “Our long-term view is to set up a full scale subsidiary for our Indian operations which is needed to enter more cities”, Doha Bank... read more »
BRICS bank to start lending in local currency by April
The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of credit facility, its chief and eminent banker K V Kamath said here today. He said a decision to open membership... read more »
Withdrawing Money From ATMs Outside Home Branch Network May Cost You
The Reserve Bank of India is considering if banks can charge a fee for using automated teller machines (ATMs) to withdraw money from outside the home bank network. Home bank network means ATMs of the bank in which you have an account. The Indian Banks’ Association (IBA) has proposed that... read more »
Rupee hits three-week high
The rupee rises to 60.12/13 from 60.31/32 on Wednesday, after earlier rising as high as 60.09, a level last seen on April 10. USD/INR was under pressure as month-end dollar buying by oil companies in recent sessions faded and also due to stronger domestic shares. The dollar struggled to make any... read more »
More from Economy
Bharatiya Mahila Bank to open four branches in northeast
Agartala – The Bharatiya Mahila Bank (BMB) will open four more branches in four capital cities of the northeastern states, officials said here Tuesday. “Four branches of BMB... read more »
Sensex closes flat; IT stocks down
Mumbai – A benchmark index of Indian equities markets ended! Monday’s trade flat, as foreign institutional investors (FIIs) continued to be net buyers in the market despite US... read more »
Sensex trades flat during pre-noon session
Mumbai – A benchmark index of Indian equities markets was trading flat at 68.42 points or 0.32 percent up during the pre-noon trade Monday. Good buying was seen in capital goods,... read more »
Government failed to defend policies: Praful Patel
New Delhi – Minister of Heavy Industries & Public Enterprises PrafulPatel Saturday said the government has failed to defend its own policies, which has “cost the... read more »
Large space where land acquisition is possible: Rahul Gandhi
New Delhi – Congress vice president Rahul Gandhi Saturday said there is a large space where land acquisition is possible. “The government has not abdicated its responsibility. There is... read more »
