CSB has recorded net profit of Rs 12 crore in FY11

A recent press report said that Catholic Syrian Bank has registered impressive business growth in 2010-11, with net profit of Rs 12.18 crore compared with Rs 1.65 crore in the previous fiscal. The total business of the bank grew by more than 30 per cent, and crossed the Rs 15,000-crore mark as on March 31.… Read More »

Aryavart Gramin Bank Annapurna Scheme

Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank as per Government of India notification no. F.No.1/4/2006-RRB dated 03-10-2006. The said three RRBs were sponsored by Bank of India and had location… Read More »

Aryavart Gramin Bank – Amra Krishak Card

Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank as per Government of India notification no. F.No.1/4/2006-RRB dated 03-10-2006. The Aryavart Gramin Bank, henceforth mentioned as the Bank, has 306 branches, six… Read More »

Aryavart Gramin Bank – Advance against Insurance Policies

Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank as per Government of India notification no. F.No.1/4/2006-RRB dated 03-10-2006. The Aryavart Gramin Bank, henceforth mentioned as the Bank, has 306 branches, six… Read More »

YES Bank has planned to expand its branch network

A recent press report said that YES Bank has planned to have a branch network of 750 branches across the country by 2015, and 15-20 per cent of these would be located in the South. Mr R. Ravichander, Group President , Business Development (South), YES Bank, told the press that the metro centers are likely… Read More »

Union Bank of India launches 5 financial inclusion schemes

A recent press report said that Union Bank of India has launched a financial inclusion initiative called ‘Unioninclusions,’ which includes five schemes. The Finance Minister, Mr Pranab Mukherjee, inaugurated the initiative in Mumbai. Mr. Mukherjee, at the inauguration function, asked the banks to pursue technological innovations in order to reach out to the poor and… Read More »

‘Microfinance Bank’ is to be set up in AP

A recent press report said that the proposed ‘Microfinance Bank’ is to be set up in Andhra Pradesh. The microfinance bank is expected to charge a little more than 3 per cent interest on micro loan to be extended to women of self-help groups (SGHs). Andhra Pradesh Chief Minister, Mr. N. Kiran Kumar Reddy, said… Read More »