A recent press report said that the Thrissur-headquartered South Indian Bank has planned to raise capital during the current fiscal to take care of its future requirement and also to start a non-banking finance company as a fully-owned subsidiary. Dr A.V. Joseph, SIB’s Chief Executive Officer and Managing Director, told the press that the bank… Read More »
Sarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 Regional Rural Banks. The Bank has its Head Office in Meerut. Purpose: Loan against Mortgage of immovable property in Urban and Semi urban centers finances need of business &/or personal needs. Eligibility:… Read More »
In 1976, the central government amalgamated Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank (transferor regional rural banks) sponsored by Central Bank of India in the state of Bihar into a single regional rural bank which began to be called as Uttar Bihar Gramin Bank with its head office at Muzaffarpur. Uttar Bihar… Read More »
According to recent press reports, auto sales are largely flat compared to the previous year, reinforcing the point that growth for this fiscal will be considerably lower than the 30 per cent seen in 2010-11. In cars, Maruti Suzuki has enlosed with 97,155 units this month, which is 4.4 per cent higher than the tally… Read More »
Recent press reports said that the Reserve Bank has posted a discussion paper on savings bank rate deregulation on its Web site, and has asked the public for feedback. Reports said that this act of the RBI was not surprising because when it tried deregulating in 1985, it forgot to tell even the Banking Secretary.… Read More »
Sarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 RRBs (Uttar Pradesh Gramin Bank Meerut, Kisan Gramin Bank Budaun, Rani Laxmi Bai Gramin bank Jhansi AND Davi Patan Gramin bank Gonda). The Bank has share Capital of Rs 6.00 Crore, subscribed… Read More »
In 1976, the central government amalgamated Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank (transferor regional rural banks) sponsored by Central Bank of India in the state of Bihar into a single regional rural bank which began to be called as Uttar Bihar Gramin Bank with its head office at Muzaffarpur. Now area… Read More »
Recent reports said that the Reserve Bank of India is set to tighten interest rates through the major part of this fiscal. This is because the central bank sees high global crude oil and other commodity prices keeping the inflation rate above its comfort level, and affecting growth. The RBI said continuous inflation has made… Read More »
A recent press report said that HSBC is aiming to reach $1 billion in profit before tax in India, in the medium term. The bank said that it expects India to join Hong Kong and mainland China as ‘billion-dollar’ businesses. Reports said that the strategic focus for India is to lead financing for the country’s… Read More »
With the increase in the quota of upper middle class people in our country, the new friend in the real estate bandwagon is the Holiday homes. Although this phrase might seem too classy initially and might prompt you to acquire one as well, but here are somethings that you might want to know. Well, its… Read More »