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, Indian overseas Bank has planned to establish another branch in Bangkok. According to Mr. M. Narendra, the Chairman and Managing Director of IOB, the bank has applied to the Reserve Bank of India for its consent to open one more branch in Bangkok. He added that the Thailand authorities… Read More »
A recent press report said that Andhra Pragathi Grameena Bank has planned to clock business of Rs. 10,300 crore during this fiscal, with deposits of Rs 5,000 crore. Mr. K. Preetam Lal, Chairman of the bank said that the bank hopes to close this year with a net profit of Rs 150 crore. According to… Read More »
A recent press report said that the Indian banks have sought approval from the RBI to open branches in Dhaka, the capital of Bangladesh, as they sense an opportunity to cater to the business community involved in the trade of non-Basmati rice. Reports said that Kolkata-based Allahabad Bank has sought the Reserve Bank of India’s… Read More »
A recent press report said that Indian Overseas Bank (IOB) has sought capital support of Rs 4,016 crore from the Central Government in order to fund its business growth for the three-year period beginning 2011-12. Mr. M. Narendra, Chairman and Managing Director, IOB, said that the request has been made in the three-year business plan… Read More »
A recent press report said that Indian banks’ credit to non-bank financial companies (NBFCs) has increased extremely in the month of July as lenders showed more preference to less-regulated sector as loan demand from corporate has slowed down. Reports said that the credit growth to NBFCs stood at 55.6 percent on a year-on-year basis in… Read More »
A recent press report said that Microfinance institutions are looking for a steady flow of income by going beyond the core business of micro-lending to the poor. The MFI have started working on new offering in home loan, gold loan, mobile financing, among others as the RBI has now permitted them to have up to… Read More »
The Greater Bombay Co-operative Bank Limited, more popularly known as Greater Bank, had its humble beginnings over five decades ago on 10th December 1952, when a small group of philanthropists got together to set up the Bank. Having achieved the status of a scheduled bank in 1996, The Greater Bombay Co-operative Bank has been making… Read More »
The bank was established in the year 1958, MEUCB was formed to provide a safe, efficient and service oriented repository of savings of the community and to provide need based credit at reasonable rates of interest. MEUCB is regarded as one of the well-run banks in the comity of Co-operative Sector Banks in the country.… Read More »
Gold loans typically are for the duration of one year, and can be foreclosed at any time. Banks charge an interest of 10% to 12% on gold loans, and your liability is to pay the interest on a monthly or quarterly basis-no EMIs to pay or worry about. The jewellery is released by the bank… Read More »