Car loans, Housing loans, Agri loans and Infrastructure lending have helped State Bank of Travancore to achieve a credit growth of over 13 percent as compared to the previous year. News reports have suggested that the Bank expects to end this financial year with a healthy credit growth of 20%.
UK-based lender Standard Chartered Plc was in the process of finalising the size and time of its Indian Depository Receipt (IDR) issue, after having secured the approval of the RBI, sources said.
A top bank executive of Punjab National Bank has said that the bank is scouting for acquisition of a bank in Kazakhstan as part of its plans to expand its presence. Punjab National Bank Executive Director Nagesh Pydah addressing reporters in Chennai said, “There are lot of opportunities (in Kazakhstan). A high level delegation has… Read More »
State Bank of Travancore’s Managing Director, Mr A. K Jagannathan announced here in Thiruvananthapuram that SBT’s special agricultural lending campaign had crossed the Rs 500 crores target it had set. At the end of this campaign, which spanned July 20 to September 30, a total amount of Rs 502 crores had been disbursed to 94… Read More »
Oriental Bank of Commerce, which has targeted a business growth of 21 % at the end of this fiscal, plans to focus on retail lending, agricultural credit, development loans for MSME sector, and large corporate finance to achieve the same.
SBI which merged with the State Bank of Saurashtra last year has five more associates – State Bank of Travancore, State Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Hyderabad but is unlikely to merge any more of its subsidiaries to self.
The pre-paid gift card launched by the Central Bank of India can be pre-loaded only once with any value between Rs 500 and Rs 50,000 and will be sold only at select branches. The card will be accepted by all retail stores across India displaying the Mastercard signage.
Private sector bank, Dhanalakshmi Bank has trimmed its deposit rates by up to 1 per cent across various maturities, a press release issued by the bank said. The new rates which will be effective from the 12th of October are as follows
Mr Sengupta said, “Loan growth is unlikely to cross 20 per cent this year going by the current credit off take. Next year we should see higher growth at around 25 per cent. Deposit growth is also likely to be along the same lines at 25 per cent.” The bank is planning to open 200… Read More »
SBI is all set to expand its business and explore contemporary models of banking to keep abreast with the current banking trends in India. Towards this end, SBI looking to raise up to $1 billion in bonds.