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Rs.1.4 million looted from a bank in Chennai
Chennai, Feb 20 (IANS) A four-member gang looted a large amount of cash from a suburban branch of the Indian Overseas Bank (IOB) at gunpoint Monday afternoon, said police. According to police, the gang came in a van and entered the bank posing as customers. They later held the customers and bank staff hostage at gunpoint and escaped with about Rs.1.4 million in cash. The gang sped away in the same

US airlines sue ExIm over Air India loan
US-based airlines, through their lobby the Air Transport Association of America, have sued Export Import Bank (ExIm) over its $3.3 billion in loan guarantees to a deeply-in-the-red Air India.

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Usha Thorat underlines role of private sector banks in inclusive banking

Emphasizing the role of private sector banks in the Indian economy, Usha Thorat, the former deputy governor of Reserve Bank of India (RBI), presently Director of the Centre for Advanced Financial

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Syndicate Bank to raise 5.39 bln rupees from govt

Syndicate Bank said on Monday it planned to raise 5.39 billion rupees through issue of preferential shares to the government by March-end. Toyota Innova's 2012 avatar features new designA committee

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Kingfisher woes mount as govt rules out help

The Directorate General of Civil Aviation (DGCA) has summoned top executives of Kingfisher Airlines to explain large number of flight cancellations since Saturday, even as the aviation minister ruled

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China's unofficial lending falters, savers protest

Ms. Zhang, a schoolteacher in the central city of Anyang, lent $43,000 last year to entrepreneurs who couldn't get loans from state banks. Now as growth cools and Beijing cracks down on informal

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