A recent press report said that Yes Bank is on a spree of partnering with non-bank lenders catering to different segments and is in the “final stages” of tying up with mortgage lender HDFC. Managing Director and Chief Executive Mr.Rana Kapoor, YES bank, said that the bank has signed an alliance with Dewan Housing for… Read More »
According to a recent press report the 40th meeting of the Board of Directors of the Asian Clearing Union (ACU) was held on June 9, 2011 at Kumarakom, Kerala, India. ACU is a multi-lateral institution comprising central banks of Bangladesh, Bhutan, Iran, India, Myanmar, Maldives, Nepal, Pakistan and Sri Lanka. The main objective of ACU… Read More »
A recent press report said that ICICI Bank has decided to increase its base rate and the benchmark prime lending rate (BPLR) by 25 basis points. Reports said that the bank’s revised base rate will be 9.50 per cent (currently 9.25 per cent) and BPLR will be 18.25 per cent (18 per cent). The bank… Read More »
A recent press report said that ICICI Bank has planned to add about 1,500 branches over a period of four years against the existing strength of about 2,500. The bank’s network is expected to go up to 4,000 by 2015With the addition. Reports said that the branch expansion will help increase the bank’s presence as well… Read More »
A recent press report said that public sector lender Corporation Bank has rewarded six of its branch managers with the Chairman’s club membership for their commendable performance at work. This award has been given for the excellence in operations. The bank has also awarded 64 branch managers the ‘Super Ordinate Goal’, which was for their… Read More »
This loan is for technology up gradation for one’s business. This loan will give you opportunity for mordenisation of machinery, for reduction in cost of production, improvement in quality, meeting challenges of global competition. There is special scheme for textile industry. You will get rebate on regular payments. In this loan Government of India offers… Read More »
The loan is offered for anyone like businessman, employed, self employed, Profession having their own property to mortgage like flat, house, factory, office, gold etc. The loan is also offered for personal reasons like marriage, well-deserved holiday, and medical emergency. The loan amount depends on the valuation of the property by the bank. Purpose –… Read More »
The bank was established in the year 1958, MEUCB was formed to provide a safe, efficient and service oriented repository of savings of the community and to provide need based credit at reasonable rates of interest. MEUCB is regarded as one of the well-run banks in the comity of Co-operative Sector Banks in the country.… Read More »
A recent press report said that City Union Bank Ltd (CUB) has informed BSE that it has been decided in the board of directors meeting, to augment capital up to Rs. 300 crore (inclusive of premium) through a process of qualified institutional placement. Reports said that the bank is expecting to approach the shareholders for… Read More »
A recent press report said that IDBI Bank has opened as 24X7 ‘anytime’ locker facility with biometric access to provide to the requirements of its customers. Mr. R.M. Malla, Chairman and Managing Director, IDBI Bank said that the locker facility has good ambiance, a special dressing room, and 24 hours availability of tea or coffee.… Read More »