Saurashtra Gramin Bank is a Regional Rural Bank, was established under RRB Act, 1976 & Three banks namely JRGB, JAGB & SBGB, new prompted by SBI since 1978. These three Banks were amalgamated into one Bank namely Saurashtra Gramin Bank as per the Government of India directives since 02/01/2006. The bank is actively involved in… Read More »
A recent press report said that TMB Bank has put Mr. Paphon Mangkhalathanakun in charge of its new loan portfolio, targeting small businesses working in the supply chains of large companies. Mr. Paphon Mangkhalathanakun said that the bank is looking for growth in the supply-chain business. Reports said that the bank’s SME loan portfolio has… Read More »
A recent press report said that State Bank of India, exceeding RBI’s limit on exposure to single borrower has sanctioned loans to corporates such as RIL, IOC, Tatas and HDFC in the past three financial years. Reports also said that Bank of India also has gone past the Reserve Bank’s limit in the last two… Read More »
A recent press report said that State Bank of India has announced that it had no plans to take a cue from rival ICICI Bank and devise a dual rate home loan scheme. Mr. Pratip Chaudhuri, chairman, SBI, said that the bank has no plans at present to introduce a dual rate home loan. Reports… Read More »
A recent press report said that the Reserve Bank of India has made up a committee on priority sector under the Chairmanship of Mr. M V Nair, Chairman & Managing Director of Union Bank of India. The RBI has set up a committee to reexamine the existing classification and suggest revised guidelines with regard to… Read More »
A recent press report said that State Bank of India has announced a special car loan scheme which will provide credit at attractive interest rate. The new car loan product will charge Rs 1,700 as EMI on a loan of Rs 1 lakh, at an interest rate of 11.5 per cent per annum. If someone… Read More »
A recent press report said that the rising interest rates have pulled down the banking indices by as much as 13 per cent since the last rate increase by the RBI. The BSE Bankex and Bank Nifty fell by 13.57 per cent and 13.61 per cent, respectively between July 26 and August 18. Reports said… Read More »
A recent press report said that the Centre has appointed Ms. Nupur Mitra as Chairman and Managing Director of Dena Bank. Reports said that she will assume charge on November 1. Reports said that Ms. Mitra will replace Mr. D.L. Rawal, who is supposed to superannuate on October 31. Ms. Mitra is currently the Executive… Read More »
A recent press report said that State Bank of India (SBI) has said that lending rates would continue to stay upward in the wake of growing inflation. Mr. Pratip Chaudhuri, Chairman, SBI told the press that the interest rates are likely to remain high because of the high inflation. He said that the Reserve Bank… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »