A recent press report said that the RBI which is the Central Bank of India has signed a Memorandum of Understanding with WMG, an Academic Department, and University of Warwick. Reports said that Shri S. Sridhar, Chairman and Managing Director, Central Bank of India and Professor Lord Kumar Bhattacharyya of WMG signed this MOU at… Read More »
A recent press report said that IDBI Bank has opened as 24X7 ‘anytime’ locker facility with biometric access to provide to the requirements of its customers. Mr. R.M. Malla, Chairman and Managing Director, IDBI Bank said that the locker facility has good ambience, a special dressing room, and 24 hours availability of tea or coffee.… Read More »
Planning to buy your dream house or for your wife her favorite car? Well its time to take the back seat because RBI has increased its key policy rates by 25 basis points. This could affect your loan requirements, when it comes to EMI payments. But its noted that, most banks will be raising the rates… Read More »
According to a recent press report, Mr. Anand Sinha, Deputy Governor, Reserve Bank of India, at a seminar on ‘Beyond core banking’, organised for the directors of banks by the Institute for Development and Research in Banking Technology (IDRBT) said that it was important for the banks to strengthen Internet technologies to contain hacking and… Read More »
A recent press report said that an average 40 banks failed in India during each year between 1947 and 1955. Reports said that in the year 1951, there were 566 private commercial banks in India with 4,151 branches. Bank failures in India were out of control before Independence in the absence of comprehensive banking legislation… Read More »
SIDBI is the principal financial institution for the promotion, financing and development of industry in the small scale sector. The Small Industries Development Bank of India provides direct credit schemes for Small scale industries and service sector units. Details of the loans Who is eligible for the loans? · New or existing Small Scale Indutries… Read More »
Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36… Read More »
Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36… Read More »
A recent press report said that Bank of Maharashtra has planned to further bring down its NPAs to 2 per cent this fiscal. The bank offers Term loan, home loan, overdrafts, Letters of Credit, Guarantees and many more such products under its credit basket Mr. A.S. Bhattacharya, Chairman and Managing Director, of the bank told… Read More »
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 »