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Tag Archives: Bank

Food prices globally at alarming levels: World Bank

Food prices globally at alarming levels: World Bank

World Bank President Robert Zoellick said food prices are reaching unprecedented levels around the globe and contributing to unrest in the Middle East. “It’s poor people who are now facing… Read more »

Decentralizing electricity production, distribution to boost rural electric supply

Decentralizing electricity production, distribution to boost rural electric supply

India could increase electricity supply in rural areas by decentralizing electricity production and distribution, a new World Bank report said. “Decentralizing power generation and distribution to the local level through… Read more »

Bank shut down in Egypt as employee strikes

Bank shut down in Egypt as employee strikes

Egypt banks were closed Monday due to workers’ strikes and will remain closed the next day to honor the Prophet Mohammed‘s birth, Egypt’s central bank said. The Central Bank of… Read more »

Santander offers $5.8 bn to Polish Bank

Santander offers $5.8 bn to Polish Bank

Spanish lender Banco Santander has offered $5.8 billion to purchase Poland’s Bank Zachodni WBK, the broker in the deal said. Allied Irish Banks purchased Wielkopolski Bank Kredytowy in 1995 and… Read more »

RBI to add 72,000 more villages with banking services by 2012

RBI to add 72,000 more villages with banking services by 2012

The Reserve Bank of India (RBI) has asked all the commercial banks to take banking services, in any form, to 72,000 uncovered villages in India by 2012, a top bank… Read more »

Axis Bank launches Indian currency travel card for NRIs, foreigners

Axis Bank launches Indian currency travel card for NRIs, foreigners

In order to cater to NRIs and foreign nationals in India, Axis Bank, third largest private bank in India has launched Travel Card. It is the only Indian Currency prepaid travel card for foreign nationals and non-resident Indians travelling to India.

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