Punjab Gramin Bank came into existence on 12.09.2005 after the amalgamation of three erstwhile Regional Rural Banks of Punjab State namely, Kapurthala Firozpur Kshetriya Gramin Bank, Shivalik Kshetriya Gramin Bank & Gurdaspur Amritsar Kshetriya Gramin Vikas Bank. It offers home loan, personal loan, vehicle loan, business loan, agricultural loan, education loan etc. The bank is… Read More »
The bank was started in 1917 at a central place in Tripunithura which was then the seat of the Cochin Royal family, the institution was one of the pioneers of the co-operative movement. The main function of the Bank then was to lend money at reasonable rates of interest to the common people in order… Read More »
A recent press report said that Finance Minister, Mr. Pranab Mukherjee, has asked public sector banks (PSBs) to apply due diligence in sanctioning of new loans. Reports said that the gross NPA level in the banking system has gone up from Rs 59,927 crore as on March 31, 2010 to Rs 74,617 crore as on… Read More »
A recent press report said that the Reserve Bank of India has allowed banks time till end of December to reduce their investment in liquid or short-term debt mutual funds, where it is exceeding the limit of 10 per cent of the net worth. A notification from the RBI said that banks which have investments… Read More »
The Almora Urban Co-operative Bank is a fast Growing Bank. The Minimum standards decided by the Reserve Bank of India for Urban Co-operative Banks to become viable were fulfilled in just Six months after establishment of the Bank. Number of Members, Share Capital, Deposit and working capital are increasing day By day. Bank does not borrow… Read More »
The Almora Urban Co-operative Bank is a fast Growing Bank. The Minimum standards decided by the Reserve Bank of India for Urban Co-operative Banks to become viable were fulfilled in just Six months after establishment of the Bank. Number of Members, Share Capital, Deposit and working capital are increasing day By day. Bank does not… Read More »
According to a recent press report the Reserve Bank has imposed a penalty of Rs ten lakh on the Gandhinagar Nagrik Cooperative Bank Ltd for violation of certain banking norms. The regulator has imposed a monetary penalty of Rs one lakh on the bank for violations of allowing interest rebate in loan accounts of directors… Read More »
A recent press report said that UCO Bank has launched its small and medium enterprises (SME) loan hub in Bangalore in its bid to increase lending to the sector. Mr. Arun Kaul, chairman and managing director of UCO Bank said that the bank has been a pioneer in arranging credit for priority sector and has… Read More »
A recent press report said that UCO bank has planned to more than double its total business to Rs 6 lakh crore by FY16 through customer acquisition and network expansion. Mr.R.K. Agrawal, its field General Manager of the bank said that the bank’s total business stands at Rs 2.45 lakh crore and that the bank wants… Read More »
A recent press report said that UCO Bank plans to increase its business by Rs 1 lakh crore to Rs 3.5 lakh crore by March 2013 by getting existing branches to do more business and by increasing its number of branches. The bank currently has 2,239 branches, and it has planned to increase it by… Read More »