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 »
A recent press report said that IDBI Mutual Fund, a wholly-owned subsidiary of IDBI Bank has launched an open-ended gold exchange traded fund (ETF) for retail investors. Reports said that the new fund offer (NFO) will be opened for subscription from 19 October and will end on 2 November 2011. The allotment of units is expected… Read More »
Shares of Dhanlaxmi Bank gets depreciated about 24 per cent after the All India Bank Officers Confederation raised question about the lender’s financial health. The firm has opened its stock but surrendered the gains thereafter, the BSE and NSE stock value sinking to 52 week low. It hit a low of Rs 54.25 on the… Read More »
As per the analyst report, due to a slowdown in credit demand in the second quarter of this fiscal, Public and private sector banks have been experienced an average growth rate of 10% in their earnings. Analysts from Kotak Institutional Equities and Sharekhan had said that public sector lenders are likely to have experienced lower… Read More »
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 »