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 »
A recent press report said that the country’s biggest lender State Bank of India has ruled out relaunching a dual rate scheme for home loans. Reports said that its competitors ICICI Bank and HDFC have come up with a similar scheme to grow businesses. RBI defines teaser loan schemes as those offered at a low… Read More »
A recent press report said that IDBI bank has won awards in two categories namely, the overall best bank in India and the best public sector bank in India. The bank’s chairman and managing director R.M. Malla received the awards. Mr. Malla said that the awards have been made possible due to the passionate hard… Read More »
A recent press report said that the Shareholders of United Bank of India (UBI) have approved a dividend Rs 2.20 a share at the bank’s second annual general meeting. UBI chairman and managing director Mr.Bhaskar Sen told the shareholders that the bank is comfortably placed after it received fresh capital of Rs. 558 crore from… Read More »
Langpi Dehangi Rural Bank, sponsored by State Bank of India was established on 27th January 1982 under Section 3 (1) of Regional Rural Bank Act 1976. The Head Office of the Bank is situated at Diphu, the district head quarters of Karbi Anglong District. The Bank has a total network of 42 Branches and 1… Read More »