Tag Archives: Banks

Kerala State Financial Enterprises has planned to Provide Educational Loans

A recent press report said that Kerala State Financial Enterprises would provide educational loans up to Rs.10 lakh to students belonging to families whose annual income was below Rs One lakh, state Finance Minister Mr. K M Mani said. Reports said that the loans would be disbursed under the ‘Vidyadhanam’ scheme of the government at… Read More »

SKS Microfinance is likely to approach the RBI for bank licence

A recent press report said that SKS Microfinance is likely to approach the Reserve Bank for a banking licence, according to sources. Reports said that the company may approach the RBI for licence after the Board of Directors approval. Mr. M R Rao, CEO and Managing Director, SKS Microfinance said that the company does not… Read More »

RBI has asked old private banks to improve governance

A recent press report said that the Reserve Bank of India has asked select old generation private sector banks to improve governance standards Reports said that the RBI has asked banks to improve governance structure to make sure that there is minimum intervention of the board in the day-to-day operation. It also said that the… Read More »

Government Has Asked Banks to Clear Loan Proposals within 90 Days

A recent press report said that the government has directed public sector banks to process loan applications within three months, which is a move aimed at boosting economic activities. A senior public sector bank official told the press that the banks have received letter from the Finance Minister indicating time-limit for processing of loans. He… Read More »

IndusInd Bank Has Entered Into a MoU with the Indian Army

A recent press report said that IndusInd Bank has entered into a memorandum of understanding (MoU) with the Indian Army in order to provide a whole gamut of banking and wealth management products to all the cadres of the Army. Reports said that IndusInd Bank is the seventh bank to enter into a tie-up with… Read More »

State Bank of Mysore's net profit has dropped by 42%

A recent press report said that State Bank of Mysore’s has reported a fall in its net profit by 42 per cent to Rs 64.28 crore for the quarter ended June 30, 2011. Reports said that the fall in its profit was due to the increased provisioning. The bank’s net interest income also fell marginally… Read More »

SBI Has Planned To Cut Down On Hiring This Year

A recent press report said that State Bank of India (SBI) has scaled down its recruitment for the current financial year. The bank has planned to hire about 11,000 officers and clerks this year. Mr. Pratip Chaudhuri, Chairman of the bank told the press that it will recruit about 6,000 clerks soon and that the… Read More »

Kozhikode District Co-op Bank- Gold Loan Scheme

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 »

Vikas Souharda Cooperative Bank Limited – Overdraft

Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. . Vikas Souharda Cooperative Bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc. Vikas Souharda Cooperative… Read More »

Vikas Souharda Cooperative Bank Limited – Key loan

Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. . Vikas Souharda Cooperative Bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc. Vikas Souharda Cooperative… Read More »