Development Credit Bank
The Development Credit Bank was established in the year 1930. The main promoter of the bank is the Aga Khan Fund for Economic Development (AKFED) which holds over 26% stake in the bank.
Category Archives: Banks
City Union Bank
The City Union Bank was established on 31st October, 1904 as a limited company called the Kumbakonam Bank Limited. The first Memorandum of Association was signed by twenty devoted and prominent citizens of Kumbakonam.
A note on the catholic syrian bank
The Catholic Syrian Bank was established on November 26, 1920 at Thrissur, Kerala. The bank commenced business on January 1st, 1921 with an authorised capital of Rs.5 L and a paid up capital of Rs. 4,5270/- . In 1964-65, the Bank took over the liabilities and assets of five small/medium sized banks in Kerala.
Bank of Rajasthan – a history
The Bank Of Rajasthan Ltd. was established as a joint stock bank by the Mansingka Brothers at Udaipur in Rajasthan on May 8, 1943. The Bank was established with an initial capital of Rs.10L with the Late Seth Shri Govind Ram Seksaria, an eminent Industrialist of the country, as the founder Chairman.
Axis Bank – a profile
Axis bank, previously called the UTI bank, was established in 1994, promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI – I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies. It went public on Sept, 1998 with… Read More »
Kotak Mahindra Restarts Branch Expansion
Kotak Mahindra Bank, which had deferred branch expansion plans during the last fiscal, due to the economic slowdown and the steep increase in lease rentals is now expanding its network at a moderate pace.
Bank of Maharastra inaugurates Maha Retail Credit Hub
Bank of Maharashtra is a Public Sector Bank established in 1936 and nationalised in 1969. It has 1421 branches all over India and holds the distinction of having the largest network of branches by any Public sector bank in the state of Maharashtra.
A brief history of Allahabad Bank
The oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries – Nineteenth, Twentieth and Twenty-First.
Central Bank of India expects rise in Housing loans
The Chairman of Central Bank of India has indicated that his bank expects to see its home loan portfolio to grow by over 25% in the current fiscal. At present home loans contribute around 8000 crore to the 92000 crore loan book that the bank holds. This works out to around 8.6% share for home… Read More »
Door to door financing with new service from Standard Chartered Bank
A new trade finance service named “Doorstep Trade Service” has been launched by DHL Express India in tie up with Standard Chartered Bank and Williams Lea. DHL Express is a leading logistics and courier service provider, Williams Lea is a BPO specializing in Corporate Information Solutions.