A recent press release said that the government is going to launch e – payment scheme for contractors, government employees and retirees. Mr. C.R. Sundaramurthi, Controller General of Accounts (CGA) explained that in the Electronics Payment Mechanism the payments, salaries, pensions and other retirement benefits could be credited in the respective bank accounts of the… Read More »
According to a recent press report, the IDBI bank has cut down the interest rate on floating rate home loan scheme by 25 to 50 basis points for its existing customers. For new customers, the bank has introduced fixed-cum-floating rate scheme. The bank said that it has decided to offer the concession of 100 basis… Read More »
A recent press report said that State Bank of India has set higher deposit targets for its business branches in urban centres and is likely to tap high net worth individuals (HNIs). Reports said that the bank has asked its managers in Tier III towns to insistently sell its mortgage-backed products like car loan and… Read More »
The Bank Of Rajasthan Ltd. was established as a joint stock bank by the Mansingka Brothers at Udaipur in Rajasthan on May 8, 1943. The Bank was established with an initial capital of Rs.10L with the Late Seth Shri Govind Ram Seksaria, an eminent Industrialist of the country, as the founder Chairman.