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 »
A recent press report said that Standard Chartered India has reported a 39 per cent decline in profit before tax to $378 million in the half year ended June 2011, from $624 million in the corresponding year-ago period. The fall in profit was due to the lower income and higher provision. In 2010, India was… Read More »
A recent press report said that Kolkata-based United Bank of India has just sanctioned Rs. 100-crore loan to Bandhan Financial Services, the country’s fourth-largest microfinance institution (MFI) by assets. Reports said that it is the largest loan offered to an MFI after banks virtually stopped lending to such firms after an October 2010 ordinance by… Read More »
A recent press report said that the immediate impact on the US rating downgrade on India is not that damaging. Dr.Subir Gokarn, Deputy Governor, RBI told that the RBIs commitment is to ensure that a disruption does not take place. The impact of the downgrade so far has largely been on the financial institutions, banks,… Read More »
As per a recent press report, Central Bank is planning to increase its presence in Vizag and Kakinada regions as there are a lot of new industries are coming up between these ports. Mr. M.V. Tanksale said that three more branches are to be opened in the region. Further he also stated that the Bank… Read More »
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 »
The kaduthuruthy urban co-operative bank was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. In November 1974 itself the Bank came under the Banking Regulation Act from then onwards the bank’s deposits are having Insurance Coverage. The bank was issued license by the RBI on 17.06.1986,… Read More »
The kaduthuruthy urban co-operative bank was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. In November 1974 itself the Bank came under the Banking Regulation Act from then onwards the bank’s deposits are having Insurance Coverage. The bank was issued license by the RBI on 17.06.1986,… Read More »
The kaduthuruthy urban co-operative bank was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. In November 1974 itself the Bank came under the Banking Regulation Act from then onwards the bank’s deposits are having Insurance Coverage. The bank was issued license by the RBI on 17.06.1986,… Read More »
The Kalyan Janata Sahakari Bank Limited offers business loans named Kalyan Udyog in order to meet the expenses of Small and Medium Enterprises. Purpose – The loan is offered for purchasing business premises (shop/office/ gala), for working capital and for any other business purpose. Eligibility – Salaried employees or businessmen, self-employed, professionals, or people… Read More »