A recent press report said that South Indian Bank (SIB), has launched gold coins and ingots titled ‘Pure Gold’ and called upon customers to make use of the global trend in gold prices and invest in pure gold brought from Switzerland. Reports said that the SIB brand ambassador and actor Mammoth launched SIB Pure Gold… Read More »
A recent press report said that bankers are expecting a 25-30 per cent rise in spends on debit and credit cards in the forthcoming festive season. According to reports from the Reserve Bank of India Web site, there are close to 25.5 crore debit and credit cards in circulation as on March 31, 2011. And… Read More »
A recent press report said that Canara bank had organised a mega Canadalat. Repots said that the mega Canadalat organised by the bank evoked tremendous response and 208 non-performing asset (NPA) borrowers attended the meet. According to press reports the got received settlement of Rs 190 lakh on the occasion and a spot cash recovery… Read More »
A recent pres report said that Union Bank of India has planned to open a new ATM at Shri Jagannath Temple, Thyagaraj Nagar ( Near Safdarjung Bus Stand), New Delhi on 26th August 2011. Reports said that the ATM will be inaugurated by Shri S. C. Kalia, Executive Director, Union Bank of India and Shri… Read More »
A recent press report said that the Reserve Bank of India (RBI) is likely to bring some regulation to protect those people who save money with the jewellers in monthly saving schemes for buying gold. Reports said that jewellers in major cities are virtually working like non-banking financial companies (NBFCs), without permission from the RBI… Read More »
A recent press report said that Manapuram Finance Limited expects a growth of 50-60% in gold loan sector during this fiscal. Mr.I.Unnikrishnan said that the bank has no plans to raise the equity capital this fiscal. The company has a paid-up capital of Rs.160 crore. He also said that MFL expects a disbursement to grow… Read More »
The Kaduthuruthy Urban Co-Operative Bank has a banking experience of about half a century. It was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. The Bank was successful in increasing its deposits by introducing attractive deposit schemes like Current Account, Savings Account, Fixed Deposit Account, Nithya Vardhini Deposit Account,… Read More »
Sudha Co-operative Urban Bank Limited started functioning on 17th January, 2000. The Bank is backed by 4000 share-holders and 9780 depositors/account-holders. The Bank has created its own History with 16 crores of deposits in several schemes and 11 crores of advances in as many as 16 loan segments. The Bank is rendering its services throughout… Read More »
Jalgaon Janata Sahakari Bank Ltd. was established on 20th January, 1979. The Bank attained “Scheduled Bank” status on 29th January, 2000. The bank works with a vision of”Carve the names on the heart of common man instead of carving names on marble”. Bank had all its branches computerized by the year 2000. By the time… Read More »
Wainaganga Krishna Gramin Bank came in to existence on 15th December 2008 through amalgamation of Wainganga Kshetriya Gramin Bank, Chandrapur, Solapur Gramin Bank, Solapur and Ratnagiri-Sindhudurg Gramin Bank, Ratnagiri. The authorized capital of the Bank is Rs. 500.00 lakhs and the paid up capital is Rs. 400.00 lakhs. Government of India, Government of Maharashtra and… Read More »