Dhanalakshmi Bank was incorporated on 14th November, 1927 by a group of ambitious entrepreneurs at Thrissur, Kerala with a Capital of Rs.11, 000 and 7 employees. The bank became a Scheduled Commercial Bank in the year 1977.
It was in 1931 that The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorised capital of Rs. 5000 at Nedumpuram in Central Travancore under the Travancore Company’s Act. In 1941, Shri K.P Hormis and friends stepped in to help the bank which was on the verge of liquidation and… Read More »
HDFC bank was incorporated in August 1994 in the name of ‘Housing Development Finance Corporation Limited’, with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. Currently the bank has a network of nationwide network of 1,416 Branches and 3,570 ATMs in 550 Indian towns and… Read More »
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.
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, 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 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.
Car loan and home loan offers are on with attractive interest schemes for this festive season! The home loan offers this season get even better with the dip in home loan rates expected to continue even past the magic “8 %” figure that was on offer to improve the lending scenario and breathe new life… Read More »
A company official said that increase in loan disbursements, reduction in cost of funds, and lower non-performing loans helped HDFC achieve this milestone. The interest spread on loans for the quarter was 0.01 % higher at 2.2 per cent compared with 2.19 per cent in the preceding quarter and 0.04 % lower when compared to… Read More »
Inspite of the recession taking its toll on the state of finances of this country, some banks seem to have registered a good growth in profits thanks to the life saving measures implemented by the RBI to safeguard the economy from crumbling.