Saurashtra Gramin Bank is a Regional Rural Bank, was established under RRB Act, 1976 & Three banks namely JRGB, JAGB & SBGB, new prompted by SBI since 1978. These three Banks were amalgamated into one Bank namely Saurashtra Gramin Bank as per the Government of India directives since 02/01/2006. The bank is actively involved in… Read More »
A recent press report said that Vijaya Bank had organized a mega Home Loan Mela – “Vijaya Bank Home Utsav 2011”, at Koramangala Indoor Stadium, Bangalore. Bank’s Chairman and Managing is addressing the gathering after inaugurating the mela. Also seen are Shri Veera Brahmoji Rao, General Manager, Bangalore North and Shri Hardeesh Kumar, General Manager,… Read More »
A recent press report said that Union Bank of India has revised its target for credit and deposit growth downwards, in line with the revised projections of the Reserve Bank of India. Reports said that the bank has set the credit growth and deposit growth targets at 18.5 per cent and 16.5 per cent respectively.… Read More »
A recent press report said that Union Bank of India has launched “Union Chetna” which is an information window for the customers as well as employees. Under the scheme informative contents will be displayed on a digital screen. The service is to provide information on various products and services of the bank to… Read More »
According to a recent press report Union Bank of India increased its base rate by 50 basis points to 10.75 per cent. Union Bank of India (UBI) is one of India’s largest state-owned banks that are listed on the Forbes 2000. It has assets of USD 13.45 billion and all the bank’s branches have been… Read More »
A recent press report said that Tamilnad Mercantile Bank (TMB) Limited has opened its 241st branch at Sathankulam in Thoothukudi district in south Tamil Nadu. Mr. A.K. Jagannathan, Managing Director and CEO of the bank, presided over the inaugural function. Dr. T. Aasirvatham Manoharan, Yesumani Clinic, Sathankulam, opened the new branch. Tamilnad Mercantile Bank limited… Read More »
A recent press report said that TMB Bank has put Mr. Paphon Mangkhalathanakun in charge of its new loan portfolio, targeting small businesses working in the supply chains of large companies. Mr. Paphon Mangkhalathanakun said that the bank is looking for growth in the supply-chain business. Reports said that the bank’s SME loan portfolio has… Read More »
A recent press report said that State Bank of India, exceeding RBI’s limit on exposure to single borrower has sanctioned loans to corporates such as RIL, IOC, Tatas and HDFC in the past three financial years. Reports also said that Bank of India also has gone past the Reserve Bank’s limit in the last two… Read More »
A recent press report said that State Bank of India has announced that it had no plans to take a cue from rival ICICI Bank and devise a dual rate home loan scheme. Mr. Pratip Chaudhuri, chairman, SBI, said that the bank has no plans at present to introduce a dual rate home loan. Reports… Read More »
A recent press report said that Regional rural banks (RRBs) may need more time to shift entirely to core banking solutions (CBS) than that allotted by the RBI. The deadline to adopt core banking solution is set to expire at the end of September. Mr. R. Khan, Deputy Governor, Reserve Bank of India (RBI) said… Read More »