Kolkata, (IANS) : State Bank of India (SBI) expects to calibrate 1,000 of its ATMs for Rs 2,000 currency notes by Monday night, its Chairman Arundhati Bhattacharya said on Sunday. "We are working hard to bring back normalcy in banking service. In all India level, we...
Chennai, (IANS) : The merger of Max Life Insurance Company Ltd with HDFC Standard Life Insurance Company Ltd has hit the regulatory block with the insurance regulator expressing reservations on the proposed scheme, Max Financial Services said on Saturday. In a...
Kolkata, (IANS) : Internal financial controls (IFC) are a must not only to detect and curb fraud but also to maximise companies' resources, experts said on Saturday. "Internal controls provide a reasonable assurance for the management to prevent fraud," said Deloitte...
New Delhi, (IANS) : The apex body representing the cargo and passenger transport industry has warned that the supply of essential items can get adversely impacted, if the current cash withdrawal limit is not enhanced. According to the All India Motor Transport...
New Delhi, (IANS) : Union Finance Minister Arun Jaitley said around Rs 2 lakh crore has been deposited till 12.15 pm on Saturday in banks across the country, following the demonetisation of Rs 500 and Rs 1,000 notes. "The largest banker in the country State Bank of...
Mumbai, (IANS) : As much as Rs 53,000 crore were deposited with the State Bank of India (SBI) during the last two days after the government's demonetisation move, bank Chairperson Arundhati Bhattacharya said on Friday. She said the bank received Rs 31,000 crore on...
New Delhi, (IANS) : The surprise demonetisation of high value denomination currency may lead to likely destruction of banknotes worth over Rs 3,35,000 crore while new notes worth Rs 1,34,000 crore may be added to the banking system, a leading think tank said on...
New Delhi, (IANS) : After demonetisation of Rs 500 and Rs 1,000 banknotes, the government on Thursday said new Rs 50 and Rs 100 notes, having new design and security features, will soon be issued without withdrawing the existing ones. "Design of Rs 50 and Rs 100 notes...
New York, (IANS) : The US dollar climbed against most major currencies as investors were assessing the impacts of Republican Donald Trump winning the US presidential election. The greenback recovered on Wednesday from an overnight sell-off, as Trump's victory speech...
New York, (IANS) : US financial markets witnessed wild swings after Republican Donald Trump won the country's presidential election, but then stabilised and regained momentum as the Wall Street further digested information about the results. "It is not quite a...