A recent press report said that Deutsche Bank’s India branches has posted a profit after tax of Rs 630 crore for the year ended March 31, 2011, an increase of 41 per cent over the Rs 446 crore in 2009-10 fiscal. According to a press release the total income increased 19 per cent to Rs… Read More »
A recent press release said that Saraswat Bank has tied up with Reliance ADAG under which the Anil Ambani-led group will market a core banking solution developed by the bank’s InfoTech subsidiary. Mr.Eknath Thakur, Chairman, Sarwat Bank told the press that, the bank will sell its core banking software, ‘Swift Core’, to banks using ADAG’s… Read More »
A recent press report said that the loans from housing finance groups are expected to become dearer in the future. Mr. R. V. Verma, Chairman and Managing Director, National Housing Bank told the press that the will be effects on the demand for home loan will be effected due to the growing interest rates and… Read More »
According to a recent press report Citigroup Inc told the press that computer hackers have violated the e bank’s network and accessed data on hundreds of thousands of bank card holders in the latest of a string of cyber attacks on high-profile companies. Citigroup said that about one percent of its card customers were affected… Read More »
Recent press reports said that the bank loans have recorded a year-on-year growth of 22.5% with the outstanding bank credit touching Rs 39.57 lakh crore from Rs 32.32 lakh crore during the same period a year ago. Reports also said that the deposit rates have also gone up along with the increase in loans. The… Read More »
A recent press report said that the state-run Allahabad Bank has planned to achieve a business growth of 24 per cent during the current financial year 2011-12. Mr. J.P Dua, chairman and managing director of the bank said that the bank has projected a business level of around Rs.2, 80,000 crore as in March 2012.… Read More »
Indraprastha Sehkari Bank Limited came into existence on 01.10.1989 with one office in Delhi, with a paid up capital of just Rs. 15, 62,900 and 2666 members because of constant efforts made by Late Shri. Tara Chand, an eminent Co-operator who was also the founder of Delhi Nagrik Sehkari Bank Limited, Delhi. The bank is… Read More »
A recent press said that Syndicate Bank has entered into a MoU with Karnataka State Public Service Commission (KPSC) to accept application fee across all its branches in the State. The Bank has offered comprehensive C2B (Customer to Business) solution to KPSC, it said in a statement. A person interested in applying for the vacant… Read More »
A recent press report said that Indian Overseas Bank has launched premium credit cards, targeting elite customers in association with American Express. Mr. M. Narendra, Chairman and Managing Director of the bank told the press that IOB and American Express would jointly promote the cards that would feature logos of both the companies. He added… Read More »
A recent press report said that Indian Overseas Bank has roped in Ernst and Young as a consultant to provide advice on spinning-off the bank’s IT division into a software subsidiary. Ernst and Young will act as a consultant with the valuation of the subsidiary and also help patent the bank’s core banking software. Unlike… Read More »