According to a recent press report HDFC Ergo, which is in an expansion stage is in need of about Rs. 80 crore from the promoter end. Mr. Ritesh Kumar Chief Executive Officer HDFC Ergo General Insurance informed that they already invested about Rs 75 crore, additionally they require Rs 25-30 crore in the current fiscal… Read More »
A recent press report said that Pallavan Grama Bank, the widely known regional rural lender has implemented mobile banking technology in terms of Kisan credit card. The bank has started the process on a pilot basis. Reports said that the National Bank for Agriculture and Rural Development (NABARD) has offered the project, funds worth Rs… Read More »
A recent report from the press says that the Indian banks have rarely seen failures unlike the US, in which has seen a swelling of around 4000 banks during the Great Depression in 1933 and around 398 banks during the Great Recession of 2008. But this should not hide the fact that nearly Rs.32 lakh… Read More »
A recent press report said that Indian Bank has topped the list among the PSU banks by recording highest returns on assets for the financial year ended March, 2011. Indian Bank has recorded a Return on Assets (RoA) of 1.53 per cent for 2010-11, which is the highest among 21 public sector banks. The lowest… Read More »
Indian Bank has decided to start a full-fledged branch in Hong Kong in order to strike the booming Sino-Indian trade and financial flows. In a press report Mr. T. M. Bhasin, Chairman and Managing Director, Indian Bank said that the bank has decided to approach the Reserve Bank of India (RBI) for regulatory approval. He… Read More »
According to a recent press report Indian Bank has announced seven per cent increase in net profit to Rs 439 crore in the fourth quarter of 2010-11.The bank had recorded Rs 410 crore profit for the same period last year. The board of directors has recommended a dividend of 75 per cent which is Rs… Read More »
According to a recent press report Indian bank, a major Indian Commercial Bank has planned to raise Rs 4,500 crore in order to expand its overseas lending. The bank has decided to list the bond issue on the Singapore stock exchange and has decided to raise funds through medium-term notes in two or three tranches… Read More »
Chennai-based public sector bank, IOB do not plan to raise their base rate immediately. Mr. M. Narendra, Chairman and Managing Director, Indian Overseas Bank, told the press that the bank will take a decision on raising its base rate seeing the move from other public sector players after the Monitory Policy Revision which is expected… Read More »
Recent reports said that Indian bank has planned to grow in its total business by 24 per cent that is Rs. 2, 25,000 crore in the current fiscal. The growth is expected to include Rs. 1, 00,000 crore of advances in 2011-12 and the total business which stood at Rs.1, 82, 000 crore. The bank… Read More »
A recent report said that Indian bank has planned to grow in its total business by 24 per cent that is Rs. 2, 25,000 crore in the current fiscal. The growth is expected to include Rs 1, 00,000 crore of advances in 2011-12 and the total business which stood at Rs.1, 82, 000 crore. The… Read More »