Tag Archives: educational loan

When you struggle to repay your education loan!

An education loan is structured very differently compared to other loans from banks. As it is a loan which is used to fund education, the repayment of the principal of this loan begins after the student completes his education. This is unlike other loans, where both the principal and the interest amounts are repaid from… Read More »

Catholic Syrian Bank has asked for approval from its shareholder to hike capital

A recent press report said that Catholic Syrian Bank has passed special resolutions seeking shareholders’ approvals for increasing the bank’s share capital by issuing equity shares on preferential basis and/or through private placement mode. Reports said that the AGM also passed a resolution for increasing the FII limit up to 49 per cent of the… Read More »

Corporation Bank CMD counters CVC charges

A recent press report said that Mr. Ramnath Pradeep, Corporation Bank Chairman and Managing Director have disproved charges of inappropriately sanctioning big-ticket loans. He said that the bank’s net non-performing assets (NPAs) would not have been below one per cent of the total advances if the allegations were true. Reports said that the finance ministry… Read More »

KVB has received the banking technology excellence award

A recent press report said that the Institute for Development and Research in Banking Technology, Hyderabad, has identified Karur Vysya Bank for the Banking Technology Excellence Award 2010-11, mobile banking category. KVB’s Managing Director and Chief Executive, Mr. K. Venkataraman, received the award from the Deputy Governor of the Reserve Bank of India, Mr. Anand… Read More »

Canara Bank is expecting Rs. 1,200-crore business from its 150 financial inclusion branches

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 »