According to a recent press report State Bank of India (SBI) has said that it has de-risked its Rs. 30,000 crore export credit portfolio by entering into a tie-up with Export Credit Guarantee Corporation (ECGC) in order to meet the Basel-III norms. Mr. Pratip Chaudhuri, Chairman , SBI told the press that the bank has… Read More »
According to a recent press report the loans offered to state governments by the National Bank for Agriculture and Rural Development (NABARD) has crossed the Rs 1,00,000-crore mark and currently stands at Rs 1,02,844 crore as on September 30, 2011. The lending includes loans offered to 28 states and the Union Territory of Pondicherry in… Read More »
A recent press report said that RBI is taking measures to control inflation but it is important to concentrate more on the supply side. It also said that it’s time to innovate new ideas to overcome the inflation because the agriculture investment has been reduced from 4.37 per cent to 1.83 per cent and also… Read More »
According to a recent press report Fincorp Limited has reported a 19 per cent drop in its net profit at Rs.21 crore against Rs.26 crore during the corresponding period last year. The company has recorded a fall in its net profit in spite of the strong growth in the disbursement. Reports said that the company… Read More »
According to a recent press report, the increase in the Repo Rate may not result in increase in the interest rates for Fixed Deposit. A report said that the banks will revise the interest rates for deposits once the central Bank makes changes in the repo rate. Reports said that the RBI has increased Repo… Read More »
According to a recent press report, net profit of Bank of Maharashtra when compared with the corresponding period last year has gone up from Rs. 52 crore to Rs 100 crore in the July – September 2011 quarter. Mr. A.S. Bhattacharya Chairman and Managing Director of the bank said that the Net Interest Income has… Read More »
According to a recent press report Union Bank has reported a modest growth in profit. The main reason for its growth profit was the increased NPAs and the decrease in credit Growth. Mr. M. V. Nair Chairman and Managing Director of the bank said that the reason for modest growth was the shifting of bank… Read More »
According to a recent press report Syndicate Bank has tied up with the Asit C. Mehta Investment Intermediates (ACMILL) for online trading. Reports said that the launch of ‘Synde e-Trade’ will enable the customers of the bank to invest in diversified Portfolio like Equities, Derivatives, and Initial Public Offerings. Mrs. Deena Mehta, Managing Director, ACMILL… Read More »
According to a recent press report Oriental Bank of Commerce has announced 0.50 per cent concession in the interest rates for this festival season. Reports said that usually the customers would like to get some property during the festival season and the bank has planned to make use of these seasons and introduce new attractive… Read More »
A recent press report said that Union Bank has framed mid – corporate banking vertical from micro, small and medium enterprises (MSME) banking vertical. This plan has been implemented by focusing on the credit requirements of companies with a turnover ranging from 100 – 500 crore. The bank has carried out restructuring last month and… Read More »