A recent press report said that Bank of Baroda has joined hands with Manipal Education to start up a banking school. The school is named the Baroda Manipal School of Banking (BMSB) and is set up to train the future employees of Bank of Baroda before they start working as probationary officers (PO) in the… Read More »
A recent press report said that Canara Bank has planned not to hike its lending any time soon. The bank has decided not transmit the burden to borrowers immediately. Mr. S. Raman, Chairman and Managing Director, Canara Bank, told the press that the hike depends on the change in deposit rates. He mentioned that the… Read More »
A recent press report said that private sector lender Axis Bank has planned to increase its lending process to micro finance institutions (MFIs). The bank is also looking towards the idea of direct lending to self help groups (SHGs). Ms. Shikha Sharma, CEO and MD of the bank said that the bank’s slowdown on lending… Read More »
A recent press report said that Punjab National Bank is in the process of hiring 3,000 officers and 6,000 clerks. Mr.KR Kamath, chairman and managing director, of the Punjab National Bank said that the bank has started the hiring procedure but the process has chances of spilling over to next year He said that the… Read More »
According to a recent press report said that the finance ministry, in an attempt to extend the reach of banks in rural and semi-urban areas, has asked public sector banks to integrate their operations with regional rural banks (RRBs). A finance ministry official said that the charges for various banking services used by customers of… Read More »
According to a recent press report National Collateral Management Services, one of the major agriculture-infrastructure players, and L&T Finance has entered into a strategic partnership to assist industries, traders and farmers with working capital requirements at all stages of the supply chain. Mr Dinanath Dubhashi, CEO, L&T Finance, said the tie up will facilitate farmers… Read More »
A recent press report said that the country’s largest private sector bank, ICICI Bank, has opened its second retail branch in Singapore. Reports said that the branch will provide savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts. Reports also said that the bank’s call and remit facility… Read More »
According to a recent press report Mr. B.R. Bhat, General Manager, Corporation Bank said that the increasing income levels and shifting consumption pattern in rural areas are expected to provide an excess of opportunities to lenders and industries. Mr. B.R. Bhat in his speech at national conference on ‘Banking towards strengthening rural India: New paradigms… Read More »
A recent press report said that Union Bank of India has a new Executive Director, Mr. Suresh Kumar Jain. Mr. Jain has come in the place of Mr. S. C. Kalia, who has now superannuated. Mr. Jain is the former General Manager of Bank of India and has also worked in the London and Hong… Read More »
A recent press report said that Public sector Indian Bank has launched e-Treasury service combining the domestic and foreign exchange trading on a common software package. Mr. T. M Bhasin, Indian Bank Chairman and Managing Director said that the package analyses profitability, risk and costing aspects from different markets. Reports said that the new building… Read More »