According to a recent press report, HDFC Bank (BCCL) has said that the bank’s net profit has increased to 31.5% more than the Predicted limit. The Bank is constantly maintaining the net interest and asset quality. Reports said that the Bank has always moved ahead of the market’s expectations for the past several quarters and… Read More »
According to a recent press report, Bank of Maharashtra has received an ISO certificate for its excellent service in the industry. The certificate is like adding one more feather to its Cap. The ISO 27001:2005 certificate has been given to the Bank for its Information and Technology Division which includes Data Center, Core Banking Solution… Read More »
According to a recent press report, Yes Bank has planned to extend a helping hand to the Agribusiness according to which it will offer assistance in the fields of financial solutions, Strategic advisory and Research. The Agribusiness is one of the Pillars of our Economy; now days the agribusiness through the modern technology is moving… Read More »
According to a recent press report, Bank of Maharashtra has launched “Maha Seva” a customer care centre to provide assistance to its customers. Maha Seva is the 24×7 support centre which is expected to give detailed information about the new and existing products and services of the Bank. The Single Point contact centre was launched… Read More »
According to a recent press report Mr. R. Chandrasekharan has assumed to take charge as Executive Director of UCO bank. He has a vast experience in the banking sector. Mr. R. Chandrasekharan joined as the Probationary officer in the IOB Bank on October 11, 1976. Later he has worked as a Manager in the rural… Read More »
According to a recent press report, the increase in the Repo Rate may not result in increase in the interest rates for Fixed Deposit. A report said that the banks will revise the interest rates for deposits once the central Bank makes changes in the repo rate. Reports said that the RBI has increased Repo… Read More »
According to a recent press report State Bank of Mysore has planned to lend car loans at low interest rate for limited period in order to attract customers in this festival season. The bank has offered the car loan at a floating Rate of 12% per annum that is linked to the base rate, the… Read More »
According to a recent press report, net profit of Bank of Maharashtra when compared with the corresponding period last year has gone up from Rs. 52 crore to Rs 100 crore in the July – September 2011 quarter. Mr. A.S. Bhattacharya Chairman and Managing Director of the bank said that the Net Interest Income has… Read More »
According to a recent press report Union Bank has reported a modest growth in profit. The main reason for its growth profit was the increased NPAs and the decrease in credit Growth. Mr. M. V. Nair Chairman and Managing Director of the bank said that the reason for modest growth was the shifting of bank… Read More »
Different banks quote their interest rates differently. Some might quote rates with an annual rest, while others may quote rates with a monthly rest. In every case the bank will usually quote the ‘annualised rate’, which is obtained by multiplying the rate per rest period into the number of rests per year. For example: In… Read More »