A recent press report said that Canara bank had organised a mega Canadalat. Repots said that the mega Canadalat organised by the bank evoked tremendous response and 208 non-performing asset (NPA) borrowers attended the meet. According to press reports the got received settlement of Rs 190 lakh on the occasion and a spot cash recovery… Read More »
A recent press report said that Bank of Baroda has joined hands with Manipal Education to start up a banking school. The school is named the Baroda Manipal School of Banking (BMSB) and is set up to train the future employees of Bank of Baroda before they start working as probationary officers (PO) in the… Read More »
According to a recent press report BNP Paribas SA has planned to expand its team that researches Japanese technology companies as it sees many of these firms thriving on exports of niche products. Weiyee In, head of technology, media and technology research at BNP Paribas Securities Asia Ltd, said that banks would soon hire a… Read More »
A recent press report said that Kerala State Financial Enterprises would provide educational loans up to Rs.10 lakh to students belonging to families whose annual income was below Rs One lakh, state Finance Minister Mr. K M Mani said. Reports said that the loans would be disbursed under the ‘Vidyadhanam’ scheme of the government at… Read More »
A recent press report said that a Parliamentary panel wants the Reserve Bank of India (RBI) to frame guidelines on pricing of factoring services in order to prevent any “exploitative practices” by ‘factors’. It also wants the rates charged by ‘factors’ not be higher than those charged by banks for receivable financing. These suggestions form… Read More »
A recent press report said that Vijaya Bank has taken up the development of a circle in Mangalore city named after its founder chairman. Reports said that the Dakshina Kannada Deputy Commissioner, Dr N.S. Channappagowda, laid the foundation stone for the development of A.B. Shetty Circle in Mangalore city. A bank has taken up beautification… Read More »
A recent press report said that BNP Paribas does not need any financial support and has no knowledge of any move by German engineering group Siemens to withdraw deposits from a large French bank. Mr. Michel Perebeau, Chairman of the bank said that the bank has no need at the moment for any recapitalization. When… Read More »
According to a recent press the new policy rate hike seems not to have come as a jitter to small private lenders. Small private lenders such as Catholic Syrian Bank, Tamilnad Mercantile Bank and City Union Bank have already raised their base rate before RBI’s rate hike announcement. Mr. A.K. Jagannathan Managing Director and Chief… Read More »
A recent press report said that in an attempt to extend the reach of banks in rural and semi-urban areas, the finance ministry has asked public sector banks to integrate their operations with regional rural banks (RRBs). Reports said that the charges for various banking services used by customers of RRBs are to be aligned… Read More »
A recent press report said that the Reserve Bank of India (RBI) has asked banks to develop effective risk management controls for lending to small scale enterprises (SME). According to reports the RBI has said that lending to the SME sector was extremely essential for economic growth, but still a policy change is required to… Read More »