Purpose – Any purpose of the customer Eligibility – Any Individual for Agriculture and Non-Agriculture sector Repayment – Repayable within 24 months along with interest compounded quarterly in case of Non-Agree; Loans and compounded yearly in case of AGJL Appraising of Security – Gold ornaments to be taken as security should be appraised appointed… Read More »
Rushikulya Gramya Bank, the first of three Regional Rural Banks sponsored by Andhra Bank was established on 14th day of February, 1981 under provision of Section 3 of the Regional Rural Bank Act, 1976 with its Head Office at Berhampur (Ganjam), Orissa. As a Scheduled Commercial Bank, it is authorized to conduct all types of banking activities… Read More »
A recent press report said that State Bank of India is not looking to sponsor an infrastructure debt fund (IDF), a new vehicle that was mooted in Budget 2011-12 to enhance the flow of long-term debt for funding infrastructure development. Mr. Pratip Chaudhuri, SBI Chairman, told the press that the bank was not planning to… Read More »
A recent press report said that Indian Overseas Bank (IOB) is negotiating with the Government for capital funding to the tune of Rs. 1,400 crore in the current year. Mr. M. Narendra, Chairman and Managing Director, IOB said that the bank had received capital infusion of Rs 1,054 crore from the Government in March this… Read More »
A recent press report said that the proposed India International Bank (Malaysia), which is a trio joint venture between Bank of Baroda (BoB), Indian Overseas Bank (IOB) and Andhra Bank, will have a paid-up capital of $100 million. Reports said that Bank of Baroda holds the majority stake at 40 per cent and it will… Read More »
According to a recent press report, Mr. Anand Sinha, Deputy Governor, Reserve Bank of India has said that the transaction costs of financial services to the poor are ‘exceedingly large’ in comparison to their revenue generation potential in the short term. Mr. Sinha said the existing banking business model was not able to adequately address… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
A recent press report said that growth in net interest income and good control over the cost of deposits has helped Karnataka Bank Limited to record a 7.09 per cent growth in net profit during the first quarter of 2011-12. Reports said that during the first quarter, the net interest income of the bank stood… Read More »
A recent press report said that Standard Chartered India has reported a 39 per cent decline in profit before tax to $378 million in the half year ended June 2011, from $624 million in the corresponding year-ago period. The fall in profit was due to the lower income and higher provision. In 2010, India was… Read More »