The country’s largest private sector bank, ICICI Bank, opened its second retail branch in Singapore. Reports said that the branch is to offer savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts. Reports also said that bank has offered its customers, ICICI Bank’s call and remit facility giving… Read More »
A recent press report said that IDBI bank has won awards in two categories namely, the overall best bank in India and the best public sector bank in India. The bank’s chairman and managing director R.M. Malla received the awards. Mr. Malla said that the awards have been made possible due to the passionate hard… Read More »
A recent press report said that Syndicate Bank has entered into a memorandum of understanding (MoU) with Tata Motors for financing commercial vehicles. The MoU was signed by Mr. U. Ganesh Kamath, General Manager (MSME), on behalf of Syndicate Bank and Mr. K. Sanjay Mishra, Regional Manager (South), on behalf of Tata Motors. Syndicate Bank… Read More »
A recent press report said that State Bank of India (SBI), Ukhrul Branch located inside 17th Assam Riffles Campus Somsai, has distributed nine ceiling fans to Ukhrul Model High School under the hospitality theme “Community Services of Banking” by the SBI Bank Manager Mr. R. K. Tiken Singh in a simple function held at Model… Read More »
According to a recent press report Mr. Nagesh Pydah, Chairman and Managing Director Oriental Bank of Commerce (OBC) said that the bank will focus on mid-corporates and small and medium enterprises (SMEs). Mr. Pydah said that the syndication vertical was progressing well and the bank has about half-a-dozen assignments on hand involving over Rs 3,000… Read More »
A recent press report said that Lakshmi Vilas Bank has registered a 30 per cent growth in its operating profit during the first quarter of the current fiscal compared to the corresponding quarter of the earlier fiscal. Reports said that the bank’s operating profit went up to Rs 69.70 crore from Rs 53.73 crore in… Read More »
A recent press report said that HSBC India’s profit before tax has increased by 33 per cent year-on-year to $451 million, during the half-year ended June 2011. Reports said that the growth was mainly from commercial banking and global banking and markets segments, even as the foreign bank cut down the losses in its retail… Read More »
A recent press report said that the Shareholders of United Bank of India (UBI) have approved a dividend Rs 2.20 a share at the bank’s second annual general meeting. UBI chairman and managing director Mr.Bhaskar Sen told the shareholders that the bank is comfortably placed after it received fresh capital of Rs. 558 crore from… Read More »
A recent press report said that ICICI Bank has announced its foray into EMV (Euro pay, MasterCard, Visa) Standard chip cards with the launch of the ICICI Bank Coral Credit Card. The card offers special security features where the card holder enjoys additional against possible misuse in the form of counterfeiting and skimming on account… Read More »
A recent press report said that ICICI Bank has been slapped with a fine of Rs 25,000 by a Delhi district consumer forum for wrongly deducting Rs. 40,578 from the account of one of its customers. Reports said that the bank had deducted Rs. 40,578 from the account of its customer Mahesh Kumar’s salary account.… Read More »