According to a recent press report Dr K. Ramakrishnan, Chief Executive Officer of Indian Banks’ Association (IBA) said that bankers should be customer-oriented and sensitized. Addressing the members of the Bankers’ Club of Mangalore, he said the relationship between a banker and customer should be like that of the host and the guest. He also… Read More »
A recent press report said that Vijaya Bank, RACPC, regional office, Hubli, recently held a housing loan mela at the KIMS campus, Vidyanagar. The bank’s Regional Manager, Mr. B. A. Tata, who inaugurated the mela. He said that the bank has declared the year 2011-12 as “Year of retail business including priority sector” and has… Read More »
A recent press reports aid that the Karnataka Vikas Grameena Bank (KVG Bank), a Dharwad-based Regional Rural Bank, has decided to plant one lakh trees, with the involvement of school children, by giving incentives and prizes. The scheme has been named ‘Vraksha Laksha Yojana’ was inaugurated jointly by the bank and Rashtrothana Vidya Kendra, Mummigatti… Read More »
A recent press report said that Tamilnad Mercantile Bank has planned to increase its base and benchmark prime lending rates by 50 basis points each. The base rate is being revised to 10.5 per cent (10 per cent) and the BPLR to 16 per cent (15.50 per cent). The hike will result in the increase… Read More »
A recent press report said that the Indian Banks’ Association (IBA) has warned banks not to go overboard in their effort to recover bad loans. This caution has been made after the act of some state-run lenders such as Corporation Bank and the State Bank of India displaying the photographs of defaulting borrowers at their… Read More »
According to a recent press report, the central bank of the country, the RBI, has announced that for each branch proposed to be opened in Tier 3 to Tier 6 centres of under-banked districts of under-banked States, a bank will get authorization to open a branch in a Tier 1 or Tier 2 centre. The… Read More »
A recent press report said that Union Bank of India has planned to set up call centers that will focus on following up with borrowers who have fallen behind on their loan repayment. The bank offers home loans, personal loan, car loan, educational loan etc. Reports said that the bank has planned to bring down… Read More »
According to a recent press release banks have lent Rs 147,667.36 crore in the first quarter of FY12 and gathered together almost double the amount in deposits at Rs 283,978.92 crore during the same period. The reports from the Reserve Bank of India said that the total bank credit stood at Rs 4,086,326 crore as… Read More »
A recent press report said that Microfinance institutions are looking for a steady flow of income by going beyond the core business of micro-lending to the poor. The MFI have started working on new offering in home loan, gold loan, mobile financing, among others as the RBI has now permitted them to have up to… Read More »
A recent press report said that J&K Bank has signed a memorandum of understanding with Bengal Tools (BTL), part of the Kolkata based Shrachi group engaged in the manufacture of power tillers, reapers and power weeders, to boost farm mechanization. In his address, J&K Bank president Tafazal Hussain described the pact as a step towards… Read More »