Sardar Vallabhbhai Sahakari Bank Limited is a Co-operative Bank that got the License No. DBOD-UBD-GJ-351P from Reserve Bank of India’s on 21/11/1983. The Bank then spread its network with 4 branches in Ahmadabad City and 1 branch at Unjha (Mehsana District). The Bank is providing Safe Deposit Vault (Locker) facility at its Law Garden and Isanpur… Read More »
According to a recent press report, IndusInd bank has raised its deposit rates from 4 percent to 6 percent which is 2 percent more than the previous rate. Reports said that the private sector lender has increased the interest up to 200 basis points, and through this the bank will offer the customers around 6… Read More »
According to a recent press report the net profit of from the Bank of Baroda has gone up by 14.4 % in the second quarter. The net profit of the bank has increased from Rs. 1019 crore to Rs. 1166 crore compared to the previous year results. The net interest income of the bank has… Read More »
A recent press report said the Public sector bank IDBI bank has announced the book closure to repay the bonds of 2011 which is to be matured on December 16. The bank said that the principal amount of the 2011 bone series would be repaid at par on December 16th. The interest on these bonds… Read More »
A recent press report said that the net profit of Tuticorin based Tamil Nadu Mercantile Bank for the second quarter ended September of this fiscal year has been dropped by 1.5 per cent to Rs. 64.74 crore compared to the corresponding period last year. The bank’s board has determined to pay an interim dividend of… Read More »
According to a recent press report the finance ministry said that it was committed to capitalizing State Bank of India. One of the finance ministry officials said that SBI’s capitalization program was independent of the perception of global rating agencies. According to reports the ministry has said that investors should not be worried with the… Read More »
A recent press report said that HSBC and Royal Bank of Scotland (RBS) are expected to meet banking regulator RBI to make decisions on the issue related to the awaiting acquisition of select assets of RBS. A report said that the senior management from RBS and HSBC has planned to meet the RBI. According to… Read More »
A recent press report said that the State Bank of India would be the major beneficiary of the Government’s recapitalization programme for banks. The bank might get around Rs.8000 to Rs.8500 through various instruments such as preference shares. The bank might issue follow on public offer and rights issue once the capital base is increased.… Read More »
A recent press release said that in order to maintain the credit growth in the scenario of economic slowdown the Jaipur – based State Bank of Bikaner and Jaipur has decided to cut short the lending to corporate and increase the retail loans. According to Mr. Shiva Kumar, Managing Director of SBBJ, the bank currently… Read More »
A recent press report said that in the second quarter results of most of the private sector banks have reported a higher growth in retail loans than corporate or wholesale advances. Bankers said that the demand for home loans and car loans have been increasing as the income of the customers have been in line… Read More »