A scheme known as RBI Young Scholars Award Scheme has been introduced by Reserve Bank of India. The aim behind this award is to motivate the youth and develop awareness regarding the banking segment of India.

German car manufacturer Volkswagen (VW) may expand its worldwide partnership with Suzuki in India by using the production and design facilities of Maruti-Suzuki in India. Senior officials of VW went to the Maruti-Suzuki factory and met top management of the company where discussions revolved around sharing product designing or renaming cars.

Home loan lender HSBC India has appointed Sunil Sanghai as its MD and Head for Global business in India.

BMW has re-introduced its SUV, X5 in India. The new X5 is an enhanced variant of the actual model introduced in 2006.

Real estate firm Omaxe Ltd said its associate has won a contract of Rs 202.72 crore from the Defence Ministry to construct a housing project in Indore.

The biggest home loan lender of the country, State Bank of India has introduced a new plan to take banking services to each doorstep. The bank would be opening banking kiosks at local grocery shops (kirana stores). These kiosks would offer all standard banking facilities such as account opening, cash deposit and withdrawal, money transfer… Read More »

Within a week of the Reserve Bank increasing its major rates, private sector bank Kotak Mahindra Bank (KBM) has hiked term deposits rates by 0.25%.

Targeting a larger share of the remittances market from the NRIs, private sector bank Kotak Mahindra Bank has enhanced its online remittance portal for Non-Resident Indians (NRI).

Saraswat Bank, the largest cooperative bank in the country, has said it has fixed a goal for total business amounting to Rs 25,000 crore in the present financial year, as compared to Rs 23,500 crore in FY2009-10. Eknath Thakur, Chairman of Saraswat Bank said, “We are a good bank and now we aspire to become… Read More »