Shares of Dhanlaxmi Bank gets depreciated about 24 per cent after the All India Bank Officers Confederation raised question about the lender’s financial health. The firm has opened its stock but surrendered the gains thereafter, the BSE and NSE stock value sinking to 52 week low. It hit a low of Rs 54.25 on the… 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 »
According to a recent press report Union Bank of India increased its base rate by 50 basis points to 10.75 per cent. Union Bank of India (UBI) is one of India’s largest state-owned banks that are listed on the Forbes 2000. It has assets of USD 13.45 billion and all the bank’s branches have been… Read More »
A recent press report said that Tamilnad Mercantile Bank (TMB) Limited has opened its 241st branch at Sathankulam in Thoothukudi district in south Tamil Nadu. Mr. A.K. Jagannathan, Managing Director and CEO of the bank, presided over the inaugural function. Dr. T. Aasirvatham Manoharan, Yesumani Clinic, Sathankulam, opened the new branch. Tamilnad Mercantile Bank limited… Read More »
A recent press report said that Regional rural banks (RRBs) may need more time to shift entirely to core banking solutions (CBS) than that allotted by the RBI. The deadline to adopt core banking solution is set to expire at the end of September. Mr. R. Khan, Deputy Governor, Reserve Bank of India (RBI) said… Read More »
A recent press report said that Corporation Bank is in the process of according special and exclusive services for senior citizens. Mr. Narendra Singh, Executive Director of the Bank said that the bank has planned to roll out certain special services for senior citizens shortly. He said that the Top of Form Bank has registered… Read More »
A recent press said that Union Bank of India (UBI) has elevated seven deputy general managers (DGMs) to the post of General Managers (GMs). The bank sources have said that the promotions will help fill the vacancies that were created at the middle management level due to slew of retirements at the GM level. According… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
The loan is offered by the bank to make the small and marginal holdings economically viable, to bring fallow lands and waste lands under cultivation, to step up agricultural production and productivity and to finance the share croppers /tenant farmers to purchase land to enable them to increase their income. The loan portfolio of the… Read More »