A recent press report said that Canada Bank has opened a branch at Gudivakalanka in West Godavari district of Andhra Pradesh to reach unbanked villages under the Swabhiman plan of the Centre to implement financial inclusion. The bank has been allotted 130 unbanked villages. As part of its business plan to cover 25 of these… Read More »
A recent press report said that the rising interest rates have pulled down the banking indices by as much as 13 per cent since the last rate increase by the RBI. The BSE Bankex and Bank Nifty fell by 13.57 per cent and 13.61 per cent, respectively between July 26 and August 18. Reports said… Read More »
A recent press said that Union Bank of India (UBI) has elevated seven deputy general managers (DGMs) to the post of General Managers (GMs). The bank sources have said that the promotions will help fill the vacancies that were created at the middle management level due to slew of retirements at the GM level. According… Read More »
A recent pres report said that Union Bank of India has planned to open a new ATM at Shri Jagannath Temple, Thyagaraj Nagar ( Near Safdarjung Bus Stand), New Delhi on 26th August 2011. Reports said that the ATM will be inaugurated by Shri S. C. Kalia, Executive Director, Union Bank of India and Shri… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
Purpose – The loan offers financial assistance to all schemes with Income Generating Activities Revolving Fund – Revolving fund For groups revolving fund equal to group corpus subject to minimum of Rs. 5000 and maximum of Rs.10000/- will be released by DRDA/AP. Banks credit also be linked to group corpus and can be to 4… Read More »
A recent press report said that the Reserve Bank of India (RBI) is likely to bring some regulation to protect those people who save money with the jewellers in monthly saving schemes for buying gold. Reports said that jewellers in major cities are virtually working like non-banking financial companies (NBFCs), without permission from the RBI… Read More »
The Rainwater harvesting scheme for customers is offered by the bank to cover the SC/ST farmers in Providing Irrigation facilities to the homesteads/ farm lands. In order to augment the income generating capacity of the SC/ST farmers, suitable local harvesting structures are proposed along with provision for small lifting devices on a nationwide scale. The… Read More »
The loan is offered by the bank to make the small and marginal holdings economically viable, to bring fallow lands and waste lands under cultivation, to step up agricultural production and productivity and to finance the share croppers /tenant farmers to purchase land to enable them to increase their income. The loan portfolio of the… Read More »