-The Hindu To the long list of 28 public sector banks in India, one more was added with the inauguration of the Bharatiya Mahila Bank (BMB) on Tuesday by Prime Minister Manmohan Singh. The bank is unique in more ways than one. It will focus predominantly on women, apart from being staffed largely by them. To the BMB will go the distinction of being the first-ever public sector bank to...
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Mamata Committed to Get Banking Facilities in All Villages
-Outlook Kolkata: West Bengal Chief Minister Mamata Banerjee today said two years form now no Gram Panchayat would be there in the state without banking service and welcomed all nationalised banks to come forward and open branches in the villages to boost rural economy. Launching 50 branches and 20 ATMs of the United Bank of India (UBI) at a function at the state Secretariat, Banerjee said out of 32,090 Gram Panchayats in...
More »Inflation eroding savings of Indians living in metros: Survey
-PTI Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 per cent in the last three years, says an Assocham survey. "Poor households are unable to maintain the consumption levels at current prices while middle income families find their purchasing power erode fast, thus having far less surplus money," Assocham...
More »Sheila Dikshit's assets up 40% in five years
-IANS New Delhi: The value of assets owned by Delhi Chief Minister Sheila Dikshit grew over 40% in the last five years, up to Rs18 million, according to an affidavit submitted by her Thursday. The three-time chief minister filed her nomination from New Delhi constituency for the Dec 4 assembly election. According to the affidavit, the value of her moveable and immovable assets increased from Rs. 13 million in 2008 to Rs. 18.3...
More »Is bank liable if client is robbed in branch? -Bhadra Sinha
-The Hindustan Times Can a bank be held liable if a customer is robbed inside the bank premises, but before he has deposited cash with the cashier? The National Consumer Disputes Redressal Commission (NCDRC) has delivered conflicting verdicts. In a recent judgment NCDRC ruled that a bank's security guard is under no obligation to provide security to account holders, and therefore, the bank cannot be forced to compensate a customer whose money...
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