A recent press report said that banks are now operating roadside kiosks where account opening formalities are done in a moment, as part of adopting innovative marketing methods to mobilize Savings Accounts and Current Accounts (CASA). The methods include setting up kiosks at busy junctions, encouraging employees to mobilize accounts from friends and relatives and,… Read More »
A recent press report said that the loan requirements of large corporates are growing faster than the ability of large banks to raise capital. Corporates including Reliance Industries, HDFC, Bhel and Indian Oil, are hitting the credit limits of various banks. Reports said that banks lending to individual entities are limited by single borrower exposure… Read More »
A recent press report said that the Institute of Banking Personnel Selection has decided to conduct a supplementary examination on November 13. The announcement of supplementary exam is good news for about two lakh job aspirants who missed the first Common Written Examination for recruitment of probationary officers and management trainees in 19 public sector… Read More »
A recent press report said that Andhra Bank has launched prepaid gift and international travel cards. Reports said that the prepaid gifts card is available in denominations between Rs. 250 and Rs 50,000 and can be bought at no additional charge. The customer requires gifts cards valued beyond Rs 20,000 select Know Your Customer (KYC)… Read More »
A recent press report said that Kozhikode District Co-operative Bank has recorded more than 50 per cent growth in net profit during 2010-11. The bank’s net profit stood at Rs 6.32 crore as against Rs 4 crore in the previous year. The bank officials said that the growth in profit was the highest in the… Read More »
A recent press report said that Indian Overseas Bank (IOB) has sought capital support of Rs 4,016 crore from the Central Government in order to fund its business growth for the three-year period beginning 2011-12. Mr. M. Narendra, Chairman and Managing Director, IOB, said that the request has been made in the three-year business plan… Read More »
A recent press report said that ING Vysya Bank has revised its base rate by 0.25 per cent. The bank has hiked its base rate to 10.45 per cent as against the current rate of 10.20 per cent per annum. The bank has announced that the revised rate will be applicable to all existing loans… Read More »
A recent press report said that India Infrastructure Finance has planned to take over Rs 600 crore worth of loans from state-owned IDBI Bank, as part of a take-out finance pact between the two. According to reports from the RBI website institution or bank financing the infrastructure projects will have an arrangement with any financial… Read More »
A recent press report said that Banks’ discrimination of retail borrowers will reduce penal charges under many excuses which improve banks’ profits if the Reserve Bank of India implements the recommendations of a committee on customer service in banks. Reports also said that the retail depositors do not have to stuff their money under the… Read More »
A recent press report said that Mr. R. Chandrasekharan has assumed charge as Executive Director of UCO Bank. Reports said that Mr. Chandrasekharan has about 35 years of experience in the banking industry. He joined IOB as a probationary officer on October 11, 1976, and worked as manager in rural and semi-urban branches besides large… Read More »