According to a recent press report Syndicate Bank has tied up with the Asit C. Mehta Investment Intermediates (ACMILL) for online trading. Reports said that the launch of ‘Synde e-Trade’ will enable the customers of the bank to invest in diversified Portfolio like Equities, Derivatives, and Initial Public Offerings. Mrs. Deena Mehta, Managing Director, ACMILL… Read More »
According to a recent report from the Reserve Bank of India tax payment has been made easy to the customers, the regulator has made this facility through the banks ATM network. The facility was launched by Mr. C. R. Sundaramurti, controller General of accounts on their Delhi Branch. He said that ATM is available in… Read More »
According to a recent press report karur Vysya bank has announced a new Diwali discount offer to attract customers. The bank has planned to offer gold coins in different denominations according to the convenience of the customers. The KVB bank is known for its smartness, the 999.9 purity coins with international standards offered by the… Read More »
According to a recent press report Oriental Bank of Commerce has announced 0.50 per cent concession in the interest rates for this festival season. Reports said that usually the customers would like to get some property during the festival season and the bank has planned to make use of these seasons and introduce new attractive… Read More »
According to a recent press report, the interest rates are growing higher and higher and the report from the bond market also reveals the direction of the interest rates. Reports said that banks are not ready to get back the 7 –year and 10 – year government paper. Even though the government borrowings were high… Read More »
According to a recent press report Bank of India has planned to offer rewards points to its customers who purchase through their Debit Card. Bank of India is known for its relationship beyond banking. The bank which has understood the temper of its customers, who are usually fond of purchase during this festival season, has… Read More »
A recent press report said that Bank of America has posted a reasonable profit with the help of increasing accounting gains but the business was dull because no income was generated from lending and investment. Though the income fell the shares of the bank which was trading with 50 per cent fall since mid –… Read More »
A recent report said that Housing Development Financial Corporation (HDFC) has posted an increase of 20 per cent in its net profit during the quarter July – September, 2011. The net profit for the second quarter of this fiscal year was Rs.971 crore compared to the net profit of Rs.808 crore for the corresponding period… Read More »
A recent press report said that the Finance Ministry would make discussions on the modalities and ways for the capitalization of financial institutions including banks. The Department of Financial services have formed a committee which is expected to make a presentation of the issues involved in capitalization of financial institutions. The secretaries of the Department… Read More »
A recent press report said that Union Bank has framed mid – corporate banking vertical from micro, small and medium enterprises (MSME) banking vertical. This plan has been implemented by focusing on the credit requirements of companies with a turnover ranging from 100 – 500 crore. The bank has carried out restructuring last month and… Read More »