A recent press report said that State Bank of Travancore (SBT) has revised interest rates for domestic and NRO term deposits. In addition to that the bank has also updated the schedule by merging ‘time buckets’ of above one year and announced new rates. According to reports the new schedule comprises of four such buckets… Read More »
A recent press report said that Indian Overseas Bank has planned to raise Rs 1,200 crore of capital in the current financial year. Mr. M. Narendra, Chairman and Managing Director, of the bank said that the bank might go in for a public issue, rights issue or Qualified Institutional Placements in order to raise the… Read More »
A recent press report said that Public sector lender United Bank of India has hiked its lending rate by 25 basis points (bps), which has made auto loan, home loan and corporate loans more expensive. Reports said that the Bank has increased its Base Rate and Prime Lending Rate by 25 bps to 10.25 per… Read More »
A recent press report said that Barclays Plc has cut jobs in India due to the merging of the client relationship teams of its commercial and investment banking units. According to a email response of Barclays Capital, Clare Williams, a Hong Kong-based spokeswoman for Barclays, the company’s commercial banking division, are combining the teams that… Read More »
According to a recent press report Dr K. Ramakrishnan, Chief Executive Officer of Indian Banks’ Association (IBA) said that bankers should be customer-oriented and sensitized. Addressing the members of the Bankers’ Club of Mangalore, he said the relationship between a banker and customer should be like that of the host and the guest. He also… Read More »
A recent press report said that Vijaya Bank, RACPC, regional office, Hubli, recently held a housing loan mela at the KIMS campus, Vidyanagar. The bank’s Regional Manager, Mr. B. A. Tata, who inaugurated the mela. He said that the bank has declared the year 2011-12 as “Year of retail business including priority sector” and has… Read More »
A recent press reports aid that the Karnataka Vikas Grameena Bank (KVG Bank), a Dharwad-based Regional Rural Bank, has decided to plant one lakh trees, with the involvement of school children, by giving incentives and prizes. The scheme has been named ‘Vraksha Laksha Yojana’ was inaugurated jointly by the bank and Rashtrothana Vidya Kendra, Mummigatti… Read More »
A recent press report said that Tamilnad Mercantile Bank has planned to increase its base and benchmark prime lending rates by 50 basis points each. The base rate is being revised to 10.5 per cent (10 per cent) and the BPLR to 16 per cent (15.50 per cent). The hike will result in the increase… Read More »
A recent press report said that the Indian Banks’ Association (IBA) has warned banks not to go overboard in their effort to recover bad loans. This caution has been made after the act of some state-run lenders such as Corporation Bank and the State Bank of India displaying the photographs of defaulting borrowers at their… Read More »
According to a recent press report, the central bank of the country, the RBI, has announced that for each branch proposed to be opened in Tier 3 to Tier 6 centres of under-banked districts of under-banked States, a bank will get authorization to open a branch in a Tier 1 or Tier 2 centre. The… Read More »