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 »
Purpose – To offer financial assistance to deserving students of the country to pursue higher education in India and abroad Eligibility – Meritorious student pursuing higher education in India/ Abroad; Any Graduation /P.G. level or Professional course, for Diploma or Degree of Government/ Government approved institute in India and abroad; need bone finance subject to… Read More »
A recent press report said that growth in net interest income and good control over the cost of deposits has helped Karnataka Bank Limited to record a 7.09 per cent growth in net profit during the first quarter of 2011-12. Reports said that during the first quarter, the net interest income of the bank stood… Read More »
A recent press report said that the Reserve Bank of India has allowed banks time till end of December to reduce their investment in liquid or short-term debt mutual funds, where it is exceeding the limit of 10 per cent of the net worth. A notification from the RBI said that banks which have investments… Read More »
A recent press report said that UCO Bank has launched its small and medium enterprises (SME) loan hub in Bangalore in its bid to increase lending to the sector. Mr. Arun Kaul, chairman and managing director of UCO Bank said that the bank has been a pioneer in arranging credit for priority sector and has… Read More »
A recent press report said that UCO Bank plans to increase its business by Rs 1 lakh crore to Rs 3.5 lakh crore by March 2013 by getting existing branches to do more business and by increasing its number of branches. The bank currently has 2,239 branches, and it has planned to increase it by… Read More »
A recent press report said that Shriram City Union Finance has planned to raise Rs 400 crore by way of private equity, qualified institutional placement (QIP) or the stock market with a follow-on issue. Ms. Subhasri Sriram, Executive Director, Shriram City Union Finance, said that the company would require capital during the last quarter of… Read More »
A recent press report said that a Leading private equity firm ICICI Venture today has planned to raise up to Rs 1,000 crore from high net worth individuals in the next 6-9 months to invest in the residential real estate. Sanjeev Dasgupta, ICICI Venture President (Real Estate) told the press that they are planning to… Read More »
The Kozhikode District Co-operative Bank Limited, (erstwhile Malabar Co-op Central Bank Limited known as MCC Bank) was registered and started functioning on 03.12.1917. In the beginning, the name of the Bank was Malabar District Co-operative Bank Ltd., registered under Section 9 of Act II of 1912(India). Initially, the area of operation of the Bank was extended to… Read More »
The Kozhikode District Co-operative Bank Limited, (erstwhile Malabar Co-op Central Bank Limited known as MCC Bank) was registered and started functioning on 03.12.1917. In the beginning, the name of the Bank was Malabar District Co-operative Bank Ltd., registered under Section 9 of Act II of 1912(India). Initially, the area of operation of the Bank was extended to… Read More »