A recent press report said that housing finance company, Dewan Housing Finance Corporation Ltd (DHFL) has recorded a net profit of Rs 59 crore for the quarter ended March 3,1 2011, 40 per cent higher than the Rs 42 crore in the corresponding year-ago quarter. Reports said that the growth in profits were due to… Read More »
Sarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 Regional Rural Banks ( Uttar Pradesh Gramin Bank Meerut, Kisan Gramin Bank Budaun,Rani Laxmi Bai Gramin bank Jhansi AND Davi Patan Gramin bank Gonda). The Bank has its Head Office in Meerut.… Read More »
A recent press report said that the RBI which is the Central Bank of India has signed a Memorandum of Understanding with WMG, an Academic Department, and University of Warwick. Reports said that Shri S. Sridhar, Chairman and Managing Director, Central Bank of India and Professor Lord Kumar Bhattacharyya of WMG signed this MOU at… Read More »
According to a recent press report, Mr. Anand Sinha, Deputy Governor, Reserve Bank of India, at a seminar on ‘Beyond core banking’, organised for the directors of banks by the Institute for Development and Research in Banking Technology (IDRBT) said that it was important for the banks to strengthen Internet technologies to contain hacking and… Read More »
A recent press report said that an average 40 banks failed in India during each year between 1947 and 1955. Reports said that in the year 1951, there were 566 private commercial banks in India with 4,151 branches. Bank failures in India were out of control before Independence in the absence of comprehensive banking legislation… Read More »
SIDBI is the principal financial institution for the promotion, financing and development of industry in the small scale sector. The Small Industries Development Bank of India provides direct credit schemes for Small scale industries and service sector units. Details of the loans Who is eligible for the loans? · New or existing Small Scale Indutries… Read More »
Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36… Read More »
Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36… Read More »
A recent press report said that Bank of Maharashtra has planned to further bring down its NPAs to 2 per cent this fiscal. The bank offers Term loan, home loan, overdrafts, Letters of Credit, Guarantees and many more such products under its credit basket Mr. A.S. Bhattacharya, Chairman and Managing Director, of the bank told… Read More »
SIDBI is the principal financial institution for the promotion, financing and development of industry in the small scale sector. The Small Industries Development Bank of India provides direct credit schemes for Medium Sector Enterprises Details of the loans Who is eligible for the loans? New or existing medium sector enterprises, & Service sector units with… Read More »