The Mysore Merchants Co-Operative Bank Limited is a trendsetter Bank in Karnataka which serves its customers all the 365 days of the year. The Mysore Merchants Co-operative Bank Limited was converted to a bank on 29-06-1962. The main object of the Bank at that time was to protect the businessman from the exploitation of the… Read More »
A recent press report said that Corporation Bank has increased the rate of interest on term deposits of different bands. The revised rates for deposits of less than Rs 1 crore are as follows: For maturity band from 30 to 45 days, the rate has been increased to 7 per cent from 4.50 per cent.… Read More »
A recent press report said that City Union Bank has reported a 32 per cent growth in net profits at Rs. 59 crore for the first quarter of 2011-12 compared with Rs 44 crore for the same period last year. Reports said that the bank has planned to hike its base rate by 75 basis… Read More »
A recent press report said that the Reserve Bank of India has penalised Citibank for violation of Know Your Customer (KYC) and Anti-Money Laundering (AML) norms while opening accounts, which led to perpetration of fraud at its Gurgaon branch. The Reserve Bank of India has imposed a monetary penalty of ` 25.00 lakh (Rupees twenty… Read More »
A recent press report said that Canara Bank has planned to add at least 2-3 new foreign offices to its existing overseas network in the current fiscal. Ms. Archana S. Bhargava, Executive Director, of the bank said that the bank is planning launch 250-300 new branches this year. She said the new overseas branches attempted… Read More »
A recent press report said that Canara Bank has planned to add at least 2-3 new foreign offices to its existing overseas network in the current fiscal. Ms. Archana S. Bhargava, Executive Director, of the bank said that the bank is planning launch 250-300 new branches this year. She said the new overseas branches attempted… Read More »
A recent press report said that Canara Bank is likely to fill-up 3000 vacancies in various categories during this year. Ms. Archana S Bhargava, Executive Director, of the bank told the press that apart from clerks, probationary officers, and agricultural officers, specialist positions in areas such as information technology would also be filled-up. She said… Read More »
A recent press report said that Axis Bank has opened one of its first few premium branches meant for the well heeled customers in Lucknow. The bank would offer services to both the premium clients who have special needs as well as those from the other segment. Reports said that it is the first premium… Read More »
A recent press report said that banks are looking at the Reserve Bank of India (RBI) to increase base rates as it takes up a review of the monetary policy. Reports said that if the RBI hikes the interest rates then it would be the 11th rate hike since January 2010 and could result in… Read More »
A recent press report said that banks are looking at the Reserve Bank of India (RBI) to increase base rates as it takes up a review of the monetary policy. Reports said that if the RBI hikes the interest rates then it would be the 11th rate hike since January 2010 and could result in… Read More »