A recent press report said that Bank of Maharashtra has recorded net profit of Rs 122 crore for the quarter ended June 30, 2011, a growth of 3 per cent over Rs 118 crore in corresponding year-ago quarter. Mr. A.S. Bhattacharya, Chairman and Managing Director, of the bank said that the profit was subdued because… Read More »
A recent press report said that the increase in cost of deposits and higher provisions have resulted in the fall in net profit for Bank of India in the April-June 2011 quarter. The net profit of the bank is at Rs. 517.50 crore in the quarter which is 29 per cent lower compared with Rs… Read More »
A recent press report said that the increase in cost of deposits and higher provisions have resulted in the fall in net profit for Bank of India in the April-June 2011 quarter. The net profit of the bank is at Rs. 517.50 crore in the quarter which is 29 per cent lower compared with Rs… Read More »
A recent press report said that IndiaFirst Life Insurance has tied up with five Regional Rural Banks (RRBs) in order to sell its products to customers in the surroundings. Reports said that the insurer has tied up with Bank of Baroda -sponsored RRBs namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda… Read More »
A recent press report said that Karnataka Bank Ltd shareholders have discussed at length issues related to the NPA management at the 87th annual general meeting here. Mr. P. Jayarama Bhat, Managing Director and Chief Executive Officer of the bank, told the share holders that the bank taking steps to control NPA. He said that… Read More »
A recent press report said that Bank of Baroda has planned to set up its pan-India call centre in Lucknow to cater to various customer demands and services. Reports said that the call centre would handle the banks complete customer queries and services from any corner of the country. Mr. Subhas C Ahuja General Manager,… Read More »
A recent press report said that United Bank of India has released Rs. 65 crore to three weak regional rural banks (RRB) which is sponsored by the bank for its core banking solution implementation. As per the government scheme to support weak RRBs, sponsor banks will offer 50% of their CBS cost, National Bank for… Read More »
A recent press report said that the government has asked banks to increase the share of educational loans in total credit portfolio. Apart from the educational loan the loan portfolio of banks also includes a variety of loans such as home loan, personal loan, vehicle loan, business loan, agri loan etc. Reports said that due… Read More »
A recent press report said that the government has asked banks to increase the share of educational loans in total credit portfolio. The loan portfolio of banks includes home loan, personal loan, vehicle loan, business loan, agri loan etc. along with the educational loan. Reports said that due to the pressure from the government, banks… Read More »
A recent press report said LIC Housing Finance (LICHF) has reported a 21 per cent increase in net profit at Rs 256.50 crore in the April-June quarter, against Rs 212 crore last year. The profit includes a 40 per cent rise in income from operations and a 36 per cent increase in other operating income… Read More »