A recent press report said that Punjab National Bank (PNB) has bagged two awards in recognition of its services to the micro, small and medium enterprises (MSME) sector. One award was for excellence in lending under the Prime Minister’s Employment Generation Programme (PMEGP) in the North Zone and the other award, is for excellence in lending under the… Read More »
The country’s largest private sector bank, ICICI Bank, opened its second retail branch in Singapore. Reports said that the branch is to offer savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts. Reports also said that bank has offered its customers, ICICI Bank’s call and remit facility giving… Read More »
Langpi Dehangi Rural Bank, sponsored by State Bank of India was established on 27th January 1982 under Section 3 (1) of Regional Rural Bank Act 1976. The Head Office of the Bank is situated at Diphu, the district head quarters of Karbi Anglong District. The Bank has a total network of 42 Branches and 1… Read More »
Purpose – For the purchase a new Car/ Van/ Jeep/Two-wheeler or raise loan to purchase old vehicles that are not older than 3 years. Finance will be provided for purchase of vehicle of indigenous makes. Eligibility – Individuals as well as Business Concerns (Corporate or non-corporate) Quantum of Loan – For Individuals: 25 times of… 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 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 involved in… Read More »
A recent press report said that State Bank of India (SBI) has said that lending rates would continue to stay upward in the wake of growing inflation. Mr. Pratip Chaudhuri, Chairman, SBI told the press that the interest rates are likely to remain high because of the high inflation. He said that the Reserve Bank… Read More »
A recent press report said that UCO Bank plans to increase its business by Rs 1 lakh crore to Rs 3.5 lakh crore by March 2013 by getting existing branches to do more business and by increasing its number of branches. The bank currently has 2,239 branches, and it has planned to increase it by… Read More »
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 »
Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc. As a fully licensed commercial bank, Prime Bank is being managed by a highly professional and dedicated… Read More »
A recent press report said that Allahabad Bank has signed a memorandum of understanding with Brickwork Ratings (BWR) for the promotion of credit-ratings of the bank’s MSE (micro and small enterprises) borrowers and potential customers. Reports said that the tie-up will help the new and existing borrowers to get easy, fast and hassle-free loans from… Read More »