PNB to open 11 more branches in Maharashtra
24 Punjab National Bank is planning to expand its network in Maharashtra and has sought RBI permission to add 11 branches to the existing 156 in the State.
Category Archives: News
OBC expecting upto 22 pct credit growth in FY 10
Bank of India raises Rs 325 Crores
Bank of India has raised Rs 325 crore Tier-I capital through a bond issue. According to a press release issued by the bank, the capital was raised through the issuing of innovative perpetual debt instrument (IPDI) carrying a coupon rate of 9 per cent.
Kotak Mahindra bank plans acquisitions in coming months
According to a media report, private sector lender Kotak Mahindra Bank is looking at acquisitions in India in the coming months.
Villages with population over 2,000 to have banking access by end of 2009-20
RBI Governor D Subbarao announced that commercial banks would come out with a plan for financial inclusion by the end of the financial year. Mr Subbarao was speaking on the sidelines of a bankers’ meet on financial inclusion and promotion of financial literacy.
IDBI bank in a tie-up with Tata Motors
IDBI Bank and Tata Motors signed an agreement in Mumbai for providing auto finance to prospective customers.
ICICI bank to focus on auto loans
India’s largest private sector bank, ICICI Bank, plans to go aggressive on car and truck loans again. The bank had been the biggest lender for automobile buyers till three years ago but had scaled back on auto loans in the past two years on the back of rising defaults. The bank is however discarding its… Read More »
GM enters into tie–up with OBC
General Motors, India, has entered into a tie up with the Oriental Bank of Commerce to finance it vehicles. A company release informed that GM India Vice-President (Sales and Marketing) Ankush Arora exchanged documents with Oriental Bank of Commerce General Manager A K Tangri in the presence of GM India President and Managing Director Karl… Read More »
RBI considering bringing back market stabilisation scheme
In a bid to mop-up liquidity as credit growth remains sluggish, the RBI is considering bringing back the Market Stabilisation Scheme (MSS).
Hinduja bank increases stake in Paterson to 51 pct
The Geneva headquartered Hinduja Bank has informed that it has increased stake in stock broking and financial services company Paterson Securities to 51 per cent, to expand its presence in India.