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 »
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 »
A recent press report said that Central Bank of India has entered into a tie-up with non-banking finance companies such as Future Capital, Bajaj Finance, and Reliance Capital to grow its retail portfolio. Retail portfolio of the bank, including Home Loan, auto loan and Personal Loan constituted 12.5 per cent its total advances of Rs… Read More »
According to recent press reports the board of Tamilnad Mercantile Bank has decided to declare a dividend of Rs 1,000 per share of Rs 10 each after taking on record the audited results for the fiscal ended March 31, 2011. Mr A. K. Jagannathan, Managing Director and Chief Executive of Tamilnad Mercantile Bank, said that… Read More »
A recent press report said that state-owned Indian Overseas Bank has raised itsed its base rate by 50 basis points to 10 per cent, within days of the Reserve Bank announcing an increase in its short-term lending and bank savings rates to tackle inflation.The bank has increased its Benchmark Prime Lending Rate (BPLR) rates to… Read More »
A recent press report said that Union Bank of India has hiked its minimum lending rate, by 50 basis points to 10 per cent. The bank said that it has revised its base Rate by 50 basis points from 9.5 per cent to 10 per cent due to the increasing interest rate scenario and higher… Read More »
A recent press report said that the banks are facing a fall in their business in the current fiscal. Reports released by the RBI also said that loans extended by commercial banks in the country have dropped to Rs. 37,407.0 crore during the fortnight ended April 22 to Rs 3,919,000.5 crore. Total deposits have dropped… Read More »
Government of India through a notification dated 12th January 2006 amalgamated the four Regional Rural Banks sponsored by the United Bank of India in the state of Assam to form Assam Gramin Vikash Bank (AGVB). The erstwhile RRBs amalgamated were Pragjyotish Gaonlia Bank (Established on 06-07-1976), Lakhimi Gaonlia Bank (Established on 29-07-1980), Cachar Gramin Bank… Read More »
In 1976, the central government amalgamated Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank (transferor regional rural banks) sponsored by Central Bank of India in the state of Bihar into a single regional rural bank which began to be called as Uttar Bihar Gramin Bank with its head office at Muzaffarpur. Now area… Read More »
A recent press report said that the Thrissur-headquartered South Indian Bank has planned to raise capital during the current fiscal to take care of its future requirement and also to start a non-banking finance company as a fully-owned subsidiary. Dr A.V. Joseph, SIB’s Chief Executive Officer and Managing Director, told the press that the bank… Read More »