A recent press report said that Indian Overseas Bank (IOB) is negotiating with the Government for capital funding to the tune of Rs. 1,400 crore in the current year. Mr. M. Narendra, Chairman and Managing Director, IOB said that the bank had received capital infusion of Rs 1,054 crore from the Government in March this… Read More »
A recent press report said that Lakshmi Vilas Bank has effected a downward revision in its domestic term deposit rates across select maturity periods, starting August 1. Reports said that the bank sources have maintained that this downward revision in the short-term deposit rates (of one year and below) has been made purely from an… Read More »
According to a recent press report, Mr. Anand Sinha, Deputy Governor, Reserve Bank of India has said that the transaction costs of financial services to the poor are ‘exceedingly large’ in comparison to their revenue generation potential in the short term. Mr. Sinha said the existing banking business model was not able to adequately address… Read More »
The bank offers the loan to farmers to make the small and marginal holdings economically viable, bring fallow lands and waste lands under cultivation, to step up agricultural production and productivity and to finance the share croppers /tenant farmers to purchase land to enable them to increase their income Purpose – The objective of this… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
A recent press report said that the Kolkata main branch office of State Bank of India at Strand Road has undergone a structural change in order to provide upgraded service to various groups of its customers. Reports said that the main branch has been segregated into three branches namely High Court branch, Specialised Institutional Banking… Read More »
A recent press report said that the country’s largest lender the State Bank of India, which has witnessed huge erosion in its net profit, has set up 14 account tracking centres to check non-performing assets. Ms. Namo Narain Meena, minister of state for finance, said at the Rajya Sabha that the State Bank of India… Read More »
Big- Cash is a personal loan offered by the bank to meet unforeseen expenses like marriage, education, social obligation. Purpose – To offer financial assistance to meet unforeseen expenses like marriage, education, social obligation Quantum of Loan – 90% of proposed expenditure with maximum ceiling of Rs. 2.00 lakh Upper ceiling may be waved in… Read More »
A recent press report said that Canara Bank is expecting about Rs. 1,200-crore business this year from its 150 financial inclusion branches in the country. Ms. Archana S. Bhargava, Executive Director, Canara Bank, told the press that the bank was treating financial inclusion as a business opportunity and that the bank is expecting that the… Read More »