A recent press report said that Development Credit Bank has reported a net profit of Rs 8.8 crore for the quarter ended June 30, 2011, against a net loss of Rs 2.9 crore in the corresponding year-ago quarter. The deposits grew by 17 per cent to Rs 5,980 crore, while advances grew by 22 per… Read More »
A recent press report said that the state-run Bank of Maharashtra has revised its base and lending rates by 0.25 percent each to 10.25 and to 14.50 per cent respectively. Reports said that the base rate of the bank was 10 per cent prior to the revision and its prime lending rate was at 14.25… Read More »
Shekar had just shifted to Pune and met his long lost friend Manish at the local café. While discussing their personal life, Shekar asked Manish about his house rent. Manish said he was paying Rs 16500/- for a two BHK flat just on the edge of the city.
A recent press report said that State Bank of India has scaled down its recruitment for the current financial year. The bank has planned to hire about 11,000 officers and clerks this year which is significantly lower compared to the last few years. For example, in 2009-10, SBI hired over 25,000 officers, clerks and specialist… Read More »
A recent press report said that Shri P. Vijaya Bhaskar assumed charge as Executive Director of the Reserve Bank of India earlier this month. As Executive Director, Shri Bhaskar will look after Central Security Cell, Department of Banking Supervision and Department of Non-Banking Supervision. Shri. Bhaskar was the Regional Director of Karnataka, prior to his… Read More »
A recent press report said that IndusInd Bank has planned to open at least 400 new branches over the next three years as part of its branch network expansion strategy. Mr. Romesh Sobti, Managing Director and Chief Executive Officer, of the bank said that the bank has almost 310 branches and it is expected to… Read More »
The Thane Janata Sahakari Bank Ltd has emerged as one of the leading multi state scheduled co-operative Bank in the country. It presently is catering to the needs of society through a close network of 54 Branches and one Extension Counters spread all over the city of Thane, Mumbai, Navi Mumbai, Nasik, Pune & Satara. The… Read More »
A recent press report said that State Bank of India has constituted rural recovery teams (RRTs) and activated account tracking centres in order to undertake recoveries due to the huge jump of bad loans by Rs 5,791 crore in 2010-11 (April to March). Reports said that the bank has put together RRTs, with each team… Read More »
A recent press report said that Yes Bank is on a spree of partnering with non-bank lenders catering to different segments and is in the “final stages” of tying up with mortgage lender HDFC. Managing Director and Chief Executive Mr.Rana Kapoor, YES bank, said that the bank has signed an alliance with Dewan Housing for… Read More »
According to a recent press report the 40th meeting of the Board of Directors of the Asian Clearing Union (ACU) was held on June 9, 2011 at Kumarakom, Kerala, India. ACU is a multi-lateral institution comprising central banks of Bangladesh, Bhutan, Iran, India, Myanmar, Maldives, Nepal, Pakistan and Sri Lanka. The main objective of ACU… Read More »