A recent press report said that in an attempt to extend the reach of banks in rural and semi-urban areas, the finance ministry has asked public sector banks to integrate their operations with regional rural banks (RRBs). Reports said that the charges for various banking services used by customers of RRBs are to be aligned… Read More »
A recent press report said that Syndicate Bank has set up two loan processing centres for the small and medium enterprise (SME) segment on a pilot basis. The bank has planned to set up these SME loan processing centres at Bangalore and New Delhi. The bank on a pilot basis, has decided to set up… Read More »
A recent press report said that Kotak Mahindra Bank has entered into a business co-operation arrangement with Malaysia based CIMB Group for cross-border trade in select countries in the India-Asean corridor. Reports said that the co-operation would cover various businesses of mutual interest, including merger and advisory, trade finance and other corporate solutions, and NRI… Read More »
A recent press report said that the country’s HDFC Bank Limited has increased its lending rates by half a percentage point, in proportion to the rate increases by other key loaners after the RBI had hiked its policy rate by the similar margin. Reports said that the country’s second biggest private-sector bank by assets increased… Read More »
A recent press report said that the country’s largest private sector bank, ICICI Bank, has opened its second retail branch in Singapore. Reports said that the branch will provide savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts. Reports also said that the bank’s call and remit facility… Read More »
Corporation Bank inaugurated its new zonal office premises at Thane on Saturday. With a view to make branches more exclusive, the bank recently created 12 new zones across the country, taking the total number of zones to 31, a bank release here said. The Thane Zone, which has been carved out of the existing branches… Read More »
A recent press report said that National Housing Bank seems to be in agreement with the stance taken by Reserve Bank of India that prepayment penalty on floating rate home loans be removed. Reports said that NHB was planning to soon come up with directives which will instruct housing finance companies (HFCs) to give up… Read More »
A recent press report said that Prime Minister Mr.Manmohan Singh’s government is pushing state-run banks to give out up to Rs.10,000 in unsecured loans to landless laborers to boost consumption in rural areas, which bankers say reminds one of ‘loan melas’ of the 1980s that crippled the banking industry. Reports also said that Public sector… Read More »
A recent press report said that ICICI Bank has been slapped with a fine of Rs 25,000 by a Delhi district consumer forum for wrongly deducting Rs. 40,578 from the account of one of its customers. Reports said that the bank had deducted Rs. 40,578 from the account of its customer Mahesh Kumar’s salary account.… Read More »
Langpi Dehangi Rural Bank, sponsored by State Bank of India was established on 27th January 1982 under Section 3 (1) of Regional Rural Bank Act 1976. The Head Office of the Bank is situated at Diphu, the district head quarters of Karbi Anglong District. The Bank has a total network of 42 Branches and 1… Read More »