The city Co- operative bank is one of the well known banks having almost 8 branches in Mumbai and 2 branches in Thane District. In addition to banking for conveniences of its customers the Bank is also providing insurance and other services. Its loan portfolio includes housing loan, personal loans, educational loans, business loans, mortgage… Read More »
A recent press report said that the customers of ING Vysya Life Insurance are given an option to make their policy renewal payments at any of the 26 KarnatakaOne centres across Mysore, Bellary, Shimoga, Mangalore, Tumkur, Belgaum, Gulbarga and Davangere at no extra charge. According to reports, KarnatakaOne is the integrated citizen service project of… Read More »
A recent press report said that the Bank of Maharashtra has announced a net profit that has been almost doubled than the corresponding period last year. The bank has reported a net profit of 92 per cent to Rs. 100 crore for the second quarter ended September 2011 against Rs. 52 crore during the corresponding… Read More »
A recent press report said that as a part of financial inclusion many initiatives have already been taken viz. nationalization of banks, the lead bank scheme, setting up of regional rural banks, service – area approach, self help groups. In spite of all these efforts only 18 per cent of the population has debit cards… Read More »
According to a recent research report from Crisil the rising interest rates are likely to push up the equated monthly installments (EMIs) of home loan borrowers by Rs 6,000 crore annually. Reports said that the higher EMIs and a slowdown in economic growth will cause in the rise of non-performing assets (NPAs) of financiers. It… Read More »
According to a recent press release, the Reserve Bank of India has confirmed that the credit offered to farmers through the Kisan credit card would be treated as direct finance for agriculture under priority sector lending. Reserve Bank of India has announced that lending money through Kisan Credit card is only allowed for agriculture… Read More »
A recent press report said that Bank of India has planned to establish four more branches abroad in Uganda, Rwanda, Bostwania and Canada. The bank presently draws 19 per cent of its business in international operations across five continents and has now planned to launch four more subsidiaries overseas. Mr.N.Seshadri, Executive Director of Bank of… Read More »
A recent press report said that Pallavan Grama Bank, the widely known regional rural lender has implemented mobile banking technology in terms of Kisan credit card. The bank has started the process on a pilot basis. Reports said that the National Bank for Agriculture and Rural Development (NABARD) has offered the project, funds worth Rs… Read More »
A recent press report has said that Allahabad Bank has now teamed up with Aditya Birla Money (ABM), the wealth management arm of Aditya Birla Financial Services Group (ABFSG), in order to offer online trading facilities to customers. Now the bank expects to offer its customers the convenience of investing in various financial products online.… Read More »
A recent press report said that Excise Minister K. Babu, during the inauguration of inaugurating the Canara Mega Outreach Utsav, said that the initiatives of Canara Bank in the uplift of the rural population were commendable. He also declared open 15 new branches of Canara Bank in the state. Reports said that planning Board Vice-Chairman… Read More »