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 »
A recent press report said that growth in net interest income and good control over the cost of deposits has helped Karnataka Bank Limited to record a 7.09 per cent growth in net profit during the first quarter of 2011-12. Reports said that during the first quarter, the net interest income of the bank stood… Read More »
Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. The bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc. Vikas Souharda Cooperative Bank is a… Read More »
Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. . Vikas Souharda Cooperative Bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc. Vikas Souharda Cooperative… Read More »
A recent report said that State Bank of India (SBI) has planned to raise overseas debt of $5 billion this fiscal through the medium term note (MTN) route. Mr. Pratip Chaudhuri, Chairman, SBI, said that the timing and the number of tranches for the fund-raising will be based mainly on the on credit growth in… Read More »
A recent press report said that Karur Vysya Bank has reported an increase of 38 % net profit. The bank’s net profit has gone up to Rs. 116.70 crore against Rs 84.48 crore during the corresponding quarter of the earlier fiscal. Mr. K. Venkataraman, Chief Executive and Managing Director, of the bank said that the… Read More »
The Mysore Merchants Co-Operative Bank Limited is a trendsetter Bank in Karnataka which serves its customers all the 365 days of the year. The Mysore Merchants Co-operative Bank Limited was converted to a bank on 29-06-1962. The main object of the Bank at that time was to protect the businessman from the exploitation of the… Read More »
A recent press report said that Corporation Bank has increased the rate of interest on term deposits of different bands. The revised rates for deposits of less than Rs 1 crore are as follows: For maturity band from 30 to 45 days, the rate has been increased to 7 per cent from 4.50 per cent.… Read More »
The Mysore Merchants Co-Operative Bank Limited is a trendsetter Bank in Karnataka which serves its customers all the 365 days of the year. The Mysore Merchants Co-operative Bank Limited was converted to a bank on 29-06-1962. The main object of the Bank at that time was to protect the businessman from the exploitation of the… Read More »
Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc. As a fully licensed commercial bank, Prime Bank is being managed by a highly professional and dedicated… Read More »