In a recent press report, Mr. P.Nanda Kumaran, Managing Director of State Bank of Travancore said that SBT has steadily picked up mobile banking services. In his statement Mr. Nanda said that the mobile banking services in SBT is progressively gaining momentum and it has nearly touched a five digit number in case of registrations… Read More »
In his recent statement Mr. P.Nanda Kumaran, who has recently taken over as the Managing Director of the bank said that State Bank of Travancore has completed the target of financial inclusion order by the Reserve Bank of India to all the banks. The RBI has mandated banks throughout the country to appoint a business… Read More »
According to a recent press report the public sector bank State Bank of Travancore headquartered in Trivandrum has announced a festival offer of increased rate of interest for deposits. Under this scheme the customers can make deposits for a period of 500 days and earn attractive interest rates. The bank has announced a 10 per… Read More »
A recent press release said that Oriental Bank of Commerce, the public sector bank has announced to offer Pure 24 Carat gold coins of 999.9 fineness as festival offer. The bank offers the pure 24 carat gold coins at different discounts. The bank offers gold coins in the denominations of 5 grams, 8 grams, and… Read More »
A recent press report said that Bank of India has planned to establish four more branches abroad in Uganda, Rwanda, Bostwania and Canada. The bank presently draws 19 per cent of its business in international operations across five continents and has now planned to launch four more subsidiaries overseas. Mr.N.Seshadri, Executive Director of Bank of… Read More »
A recent press report said that IDBI bank has planned to raise $1 billion of debt from abroad over the coming twelve months. Mr. R. M. Malla, Chairman and Managing Director of IDBI said that this overseas borrowing which is to be done through medium term note (MTN) would be in tranches. A MTN note… Read More »
A recent press release said that Development Credit Bank has launched Payless Credit Card which would benefit the banking customers were denied credit cards. These customers were not given credit cards because they did not belong to the secured salaried segment. Now DCB has brought in a solution by introducing Payless Credit Card, with which… Read More »
As per the recent press release the fourth largest private lender, Federal bank has offered to provide a discount of 2 per cent on gold purchases during Diwali as festival offer. The bank has also announced to offer a special gold loan offer as a part of its festival offer. The bank being the largest… Read More »
A recent press release said that the Kerala based Federal Bank has planned to enter into investment banking and equity broking. A senior official from the Kochi based lender told that the bank would make its entry into equity broking business and the bank is also eager to open investment banking services. But the timelines… Read More »
A recent press report said that the Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees five lakh only) on Nagar Urban Co-operative Bank Ltd., Ahmednagar, Maharashtra, in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)… Read More »