Abhyudaya Co-op. Bank Limited is one of the leading Urban Co-operative Banks in India and works with the objective of progress and prosperity of all. The bank’s operation was commenced on January 1964 as a Co-operative Credit society with a share capital of a merely Rs.5, 000/- held by 83 members. Today it has become… Read More »
According to a recent press report the finance ministry said that it was committed to capitalizing State Bank of India. One of the finance ministry officials said that SBI’s capitalization program was independent of the perception of global rating agencies. According to reports the ministry has said that investors should not be worried with the… Read More »
A recent press report said that HSBC and Royal Bank of Scotland (RBS) are expected to meet banking regulator RBI to make decisions on the issue related to the awaiting acquisition of select assets of RBS. A report said that the senior management from RBS and HSBC has planned to meet the RBI. According to… Read More »
A recent press report said that two people were arrested in southeast Delhi for allegedly forging documents and cheating ICICI bank of over Rs 63 lakh. The accused were been identified as Girish Pathak and Jitender Singh, said cops. According to reports the accused had faked the signature of the customer and placed a request… Read More »
A recent press report said that the State Bank of India would be the major beneficiary of the Government’s recapitalization programme for banks. The bank might get around Rs.8000 to Rs.8500 through various instruments such as preference shares. The bank might issue follow on public offer and rights issue once the capital base is increased.… Read More »
A recent press report said that the Indian companies have currently stopped their expansion plans as the Reserve Bank of India has increased the key interest rates for the 13th time since March 2010. The Chief Executive Officer of a secondary steel manufacturer said that they have held back their plans of expanding brown field… Read More »
A recent press report said that the Kerala – based Federal Bank has reported a net profit of Rs. 191.6 crore for the second quarter ended September, 2011 which has risen 36 per cent against the net profit of the corresponding period last year. The bank said that in spite of the challenging economic condition… Read More »
A recent press report said that Oriental bank of Commerce and State Bank of India has launched their co – branded credit cards. Both the banks have already entered into a memorandum of understanding (MoU) regarding this purpose. In his statement Mr. Nagesh Pydah, Chairman and Managing Director said that by the end of March… Read More »
A recent press report said that the public sector bank IDBI has planned to raise around $ 200 million overseas fund through medium term notes from Switzerland market. In his statement Mr. Melwyn Rego, the Executive Director of IDBI bank said that they have been observing the Switzerland market keenly and the Korean Exim bank… Read More »
According to a recent press report, Dr K. Rosaiah, Governor, Tamil Nadu, who addressed the 95th Founders Day celebration of Karur Vysya Bank, appreciated the bank for taking banking services to the masses. On addressing the 95th Founders Day celebration of the bank, he said that nationalization of banks in 1969 gave a standard shift… Read More »