A recent press report said that the Export-Import Bank of India (Exim Bank) has entered into an agreement with Swaziland for extending a USD 20 soft loan to finance exports and consultancy services for setting up an Information Technology Park in the African nation. Reports from the Reserve Bank said that the Line of Credit… Read More »
The Mysore Merchants Co-Operative Bank Limited is a trendsetter Bank in Karnataka which serves its customers all the 365 days of the year. The Mysore Merchants Co-operative Bank Limited was converted to a bank on 29-06-1962. The main object of the Bank at that time was to protect the businessman from the exploitation of the… Read More »
The Mysore Merchants Co-Operative Bank Limited is a trendsetter Bank in Karnataka which serves its customers all the 365 days of the year. The Mysore Merchants Co-operative Bank Limited was converted to a bank on 29-06-1962. The main object of the Bank at that time was to protect the businessman from the exploitation of the… Read More »
A recent press report said that Corporation Bank has increased the rate of interest on term deposits of different bands. The revised rates for deposits of less than Rs 1 crore are as follows: For maturity band from 30 to 45 days, the rate has been increased to 7 per cent from 4.50 per cent.… Read More »
A recent press report said that the Reserve Bank of India has penalised Citibank for violation of Know Your Customer (KYC) and Anti-Money Laundering (AML) norms while opening accounts, which led to perpetration of fraud at its Gurgaon branch. The Reserve Bank of India has imposed a monetary penalty of ` 25.00 lakh (Rupees twenty… Read More »
A recent press report said that Canara Bank is likely to fill-up 3000 vacancies in various categories during this year. Ms. Archana S Bhargava, Executive Director, of the bank told the press that apart from clerks, probationary officers, and agricultural officers, specialist positions in areas such as information technology would also be filled-up. She said… Read More »
A recent press report said that banks are looking at the Reserve Bank of India (RBI) to increase base rates as it takes up a review of the monetary policy. Reports said that if the RBI hikes the interest rates then it would be the 11th rate hike since January 2010 and could result in… Read More »
Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc. As a fully licensed commercial bank, Prime Bank is being managed by a highly professional and dedicated… Read More »
Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc. As a fully licensed commercial bank, Prime Bank is being managed by a highly professional and dedicated… Read More »
The Mysore Merchants Co-Operative Bank Limited is a trendsetter Bank in Karnataka which serves its customers all the 365 days of the year. The Mysore Merchants Co-operative Bank Limited was converted to a bank on 29-06-1962. The main object of the Bank at that time was to protect the businessman from the exploitation of the… Read More »