A recent press report said that YES bank, an India-based banking company engaged in providing a wide range of banking and financial services, has signed a Memorandum of Understanding(MoU) with Dewan Housing Finance Corporation Limited (DHFL), a leading housing finance group for distribution of Home Loans to all YES BANK customers. Initially, it has been… Read More »
A recent press report said that Public sector lender, UCO Bank, is eyeing a 20 per cent growth in its business and a reduction in its non-performing assets (NPAs) to less than 3 per cent this fiscal. Mr. Arun Kaul, Chairman and Managing Director of the bank said that they have planned to grow their… Read More »
A recent press report said that Kotak Mahindra Bank has posted a net profit of Rs 249 crore for the quarter ended March 31, 2010, up 23 per cent from Rs 203 crore in the corresponding year-ago period. Reports said that the growth in its profit was due to the higher interest income and lower… Read More »
Mehsana Urban Co-Op Bank Limited was established on 23rd October, 1983, registered under Co Operative Society Act 1961 Registration No. 20052, the RBI License No. DB/UBD GJ 357 P dt. 28/09/1983. The Bank started with one branch at Mehsana with Share Capital of Rs. 15.00 lakhs, made continuous Progress as on 31/03/2010 paid up share… Read More »
According to a recent press report, Private sector IndusInd Bank, has signed a memorandum of understanding (MoU) with leading home-loan lender HDFC to sell the latter’s home loans for purchase, construction, extension and renovation of residences by individuals. A press release said that the processing, disbursement and servicing functions for all home loans sourced by… Read More »
According to a recent press report Punjab National Bank, has raised its interest rates by 50 basis points, following the policy rates hike announced by the RBI. K R Kamath Chairman and MD of the bank told the press that the board of directors has decided to increase interest base rate and BPLR by 50… Read More »
A recent press report said that syndicate bank has raised $500 million through a medium-term notes issue. The bank has planned to use these funds for “build-up of assets” at its London branch, which is the bank’s first ever international bond issuance. The bond was issued at a fixed coupon rate of 4.75 per cent.… Read More »
A recent press report said that Lakshmi Vilas Bank has revised its interest rates for term deposits. The was founded in 1926 by seven people of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar, to cater to the financial needs of varied customer segments. The bank offers home loan, personal loan, auto loan, busiess… Read More »
A recent press report said that UCO bank has planned to open 37 SMEs hubs pan-India in FY’12 in order to facilitate single window clearance for loans. Mr. Arun Kaul, Chairman and Managing Director, UCO Bank Chairman said that the bank has planned to set up 37 hubs that will provide to the loan requirements… Read More »
Reserve Bank of India (RBI) proposed the base rate system to replace the prime lending rate (PLR) for banks to bring about more transparency in the lending operations of the bank across the country. The base lending rate shows the actual cost to banks that has to be covered through lending. RBI’s definition of base… Read More »