A recent press report said that Punjab National Bank is in the process of hiring 3,000 officers and 6,000 clerks. Mr.KR Kamath, chairman and managing director, of the Punjab National Bank said that the bank has started the hiring procedure but the process has chances of spilling over to next year He said that the… Read More »
A recent press report said that the Shareholders of United Bank of India (UBI) have approved a dividend Rs 2.20 a share at the bank’s second annual general meeting. UBI chairman and managing director Mr.Bhaskar Sen told the shareholders that the bank is comfortably placed after it received fresh capital of Rs. 558 crore from… 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 »
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 »
According to a recent press report Crisil has said that the demand for retail loans is likely to be extremely strong in tier -II cities due to increased penetration and entry of more players. a recent report by Crisil titled ‘Retail loan products: Opportunities and risks beyond the metros and mini-metros’ said that the retail… Read More »
A recent press report said that State Bank of India has announced a special car loan scheme which will provide credit at attractive interest rate. The new car loan product will charge Rs 1,700 as EMI on a loan of Rs 1 lakh, at an interest rate of 11.5 per cent per annum. If someone… Read More »
A recent press report said that Canada Bank has opened a branch at Gudivakalanka in West Godavari district of Andhra Pradesh to reach unbanked villages under the Swabhiman plan of the Centre to implement financial inclusion. The bank has been allotted 130 unbanked villages. As part of its business plan to cover 25 of these… Read More »
A recent press report said that Indian Overseas Bank (IOB) is negotiating with the Government for capital funding to the tune of Rs. 1,400 crore in the current year. Mr. M. Narendra, Chairman and Managing Director, IOB said that the bank had received capital infusion of Rs 1,054 crore from the Government in March this… Read More »
A recent press report said that Canara Bank is expecting about Rs. 1,200-crore business this year from its 150 financial inclusion branches in the country. Ms. Archana S. Bhargava, Executive Director, Canara Bank, told the press that the bank was treating financial inclusion as a business opportunity and that the bank is expecting that the… Read More »
Purpose – Purchase of new vehicles – two wheelers as well as four wheelers, Purchase of second hand unencumbered four wheelers only not more than four years old Type of loan – Term loan Eligibility – Permanent employees of State, Central Governments, Public Sector Under takings, Corporations, Private Sector companies and reputed establishments;… Read More »