Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
A recent press report said that growth in net interest income and good control over the cost of deposits has helped Karnataka Bank Limited to record a 7.09 per cent growth in net profit during the first quarter of 2011-12. Reports said that during the first quarter, the net interest income of the bank stood… Read More »
Purpose – To provide adequate and timely credit i.e. working capital / or block capital or both to small artisan, handloom weavers, service sector, fisherman, self employed persons, rickshaw owners, other micro entrepreneurs, other NFS activities etc from the banking system in flexible, hassle free and cost effective manner. The facility may also include a… Read More »
A recent press report said that the Government has given Dr D. Subbarao, two-year extension as the Governor of the Reserve Bank of India. He will hold office till 2013. A statement from the Prime Minister’s Office said that the Prime Minister has approved the extension of the term of Dr Subbarao as Governor of… Read More »
A recent press report said that Standard Chartered India has reported a 39 per cent decline in profit before tax to $378 million in the half year ended June 2011, from $624 million in the corresponding year-ago period. The fall in profit was due to the lower income and higher provision. In 2010, India was… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
A recent press report said that the Kolkata main branch office of State Bank of India at Strand Road has undergone a structural change in order to provide upgraded service to various groups of its customers. Reports said that the main branch has been segregated into three branches namely High Court branch, Specialised Institutional Banking… Read More »
A recent press report said that the country’s largest lender the State Bank of India, which has witnessed huge erosion in its net profit, has set up 14 account tracking centres to check non-performing assets. Ms. Namo Narain Meena, minister of state for finance, said at the Rajya Sabha that the State Bank of India… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
The Reserve Bank of India has asked banks to obtain board resolutions from companies on their risk management policy before offering derivatives products. The RBI said that banks should not undertake derivative transactions with, or sell structured products to, users who do not have properly documented policies regarding management of risks that include, among other… Read More »