As per a recent press report it is seen that decelerating credit demand, increased provision for bad debts and low margins due to tight monetary policies are likely to affect the bank profits of September quarter to fall. The weakening investment environment has caused serious impact in credit growth and reports said that this movement… Read More »
A recent press report said that Industrial and Commercial Bank of China (ICBC), the world’s largest bank in terms of market capitalization, has launched its Indian operations by inaugurating its Mumbai branch. The bank, has a license for wholesale banking, and has planned to focus on commercial banking services in the first phase. Mr. Yang… Read More »
A recent press report said that Syndicate Bank has set up two loan processing centres for the small and medium enterprise (SME) segment on a pilot basis. The SME loan processing centres will be located at Bangalore and New Delhi. Reports said that the bank has planned to set up SME loan processing units at… Read More »
A recent press report said that the Public sector lender, Allahabad Bank has planned to increase its overseas presence. The bank has planned to set up branches in four Asian cities, according to a senior official of the bank. Mr. J.P. Dua, Chairman and Managing Director of the bank said that the bank has approached… Read More »
A recent press report said that IDBI bank has won awards in two categories namely, the overall best bank in India and the best public sector bank in India. The bank’s chairman and managing director R.M. Malla received the awards. Mr. Malla said that the awards have been made possible due to the passionate hard… Read More »
A recent press report said that State Bank of India (SBI), Ukhrul Branch located inside 17th Assam Riffles Campus Somsai, has distributed nine ceiling fans to Ukhrul Model High School under the hospitality theme “Community Services of Banking” by the SBI Bank Manager Mr. R. K. Tiken Singh in a simple function held at Model… Read More »
Purpose – For the purchase a new Car/ Van/ Jeep/Two-wheeler or raise loan to purchase old vehicles that are not older than 3 years. Finance will be provided for purchase of vehicle of indigenous makes. Eligibility – Individuals as well as Business Concerns (Corporate or non-corporate) Quantum of Loan – For Individuals: 25 times of… Read More »
Purpose – To help needy salaried persons financially who are at urgent need of financial assistance to meet the expenses towards renovating house or expenses related to marriage of their child/higher education of child/ purchase of consumer durable appliances etc. Eligibility – Individuals –Employed of Government or reputed public sector units having check-off facility and… Read More »
Saurashtra Gramin Bank is a Regional Rural Bank, was established under RRB Act, 1976 & Three banks namely JRGB, JAGB & SBGB, new prompted by SBS (now SBI) since 1978. These three Banks were amalgamated into one Bank namely Saurashtra Gramin Bank as per the Government of India directives since 02/01/2006. The bank is actively… Read More »
Saurashtra Gramin Bank is a Regional Rural Bank, was established under RRB Act, 1976 & Three banks namely JRGB, JAGB & SBGB, new prompted by SBS (now SBI) since 1978. These three Banks were amalgamated into one Bank namely Saurashtra Gramin Bank as per the Government of India directives since 02/01/2006. The bank is actively… Read More »