Contify Banking presents a summary of the most important news stories that made maximum impact on Tuesday from its banking, finance, insurance and economy portal.
More measures to revive India's econ growth to follow soon: Plan Panel dy Montek
New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia has said that more measures to bolster India's flagging economic growth and enhance inflow of foreign funds will soon follow, apart from the slew of steps that were announced by the Reserve Bank of India earlier Monday.
State Bank of India to recruit 10,500 workers in FY13: chmn Chaudhuri
New Delhi: India's largest lender State Bank of India plans to recruit 10,500 workers in the current financial year 2012-13, media reports said citing the bank's Chairman Pratip Chaudhuri.
SIDBI to disburse Rs 50 bln to micro-finance cos in next 4 years
New Delhi: The Small Industries Development Bank of India (SIDBI) will disburse Rs 50 billion venture capital allocated to it for investments in micro, small and medium enterprises (MSME) in the next four years, SIDBI Chairman and Managing Director S Muhnot said.
SBI chmn Chaudhuri: India needs to take long-term steps to boost equity investment, exports
New Delhi: India's largest lender State Bank of India Chairman Pratip Chaudhuri has said that the country needs to take long-term measures to boost equity investment and exports, amid slowdown in economic activity and sharp deceleration in investment cycle.
ICICI Bank's Kochhar says India's strong fundamentals to support econ growth in medium-to long-term
New Delhi: ICICI Bank's Managing Director and Chief Executive Officer Chanda Kochhar has said that India's strong economic fundamentals will support the country's growth over the medium-to long-term although it may face some short-term challenges, media reports said.
Liberty Videocon General gets final regulatory nod to start insurance ops
New Delhi: Liberty Videocon General Insurance Co Ltd has received the final approval from the insurance sector watchdog Insurance Regulatory Development Authority (IRDA) to offer insurance services in India.
Govt to set up working group within week to check price volatility of commodities
New Delhi: The Indian government will set up a working group within a week to advise ways to check price volatility of commodities in the futures market, Food Minister K V Thomas said.
RBI slaps Rs 100,000 fine on The Dahod Urban Co-operative Bank for violating norms
New Delhi: The banking sector regulator Reserve Bank of India has imposed a penalty of Rs 100,000 on The Dahod Urban Co-operative Bank Ltd, located in the western state of Gujarat, for violating guidelines laid down by it.