A recent press report said that Oriental Bank of Commerce reported a 2.37 per cent decline in net profit for the first quarter ended June 30, 2011 at Rs 354.70 crore. Reports said that the decline in profit was due to the increase in the cost of deposits much sharper than the increase in yield… Read More »
A recent press report said that Kotak Mahindra Bank’s net profit has increased by 35 per cent to Rs 252 crore during the quarter ended June 30, 2011, from Rs 187 crore in the year-ago quarter. Reports said that the growth in profits was due to the growth in interest income and lower provisions. Mr.… Read More »
A recent press report said that Indian Overseas Bank has appointed consultants Deloitte Haskins and Sells to explore prospects of expanding business to 14 more centres abroad. Disclosing this, the Chairman and Managing Director, Mr. M. Narendra, said here that these centres are spread over Africa and West Asia. Reports said that the bank has… Read More »
A recent press report said that Indian Bank has paid Rs 297.87 crore to the Central Government as dividend for the financial year 2010-11. The dividend cheques were given to the Finance Minister, Mr. Pranab Mukherjee, by Mr. T. M. Bhasin, Chairman and Managing Director of the bank. Mr. V. Rama Gopal and Mr. Rajeev… Read More »
A recent press report said that UCO bank has planned to more than double its total business to Rs 6 lakh crore by FY16 through customer acquisition and network expansion. Mr.R.K. Agrawal, its field General Manager of the bank said that the bank’s total business stands at Rs 2.45 lakh crore and that the bank wants… Read More »
Vijay Co-operative Bank Limited was instituted by Sh. Natwarlal Prabhudas Patel in the year 1963. Its registered office then was situated in Naroda at the Vijay Mills. The prime objective of commencement of Vijay Bank was to work for the less fortunate members of the community by enhancing their economic enterprises and create ample funds… Read More »
A recent press report said that UCO Bank plans to increase its business by Rs 1 lakh crore to Rs 3.5 lakh crore by March 2013 by getting existing branches to do more business and by increasing its number of branches. The bank currently has 2,239 branches, and it has planned to increase it by… Read More »
Purpose – Any purpose Eligibility – Salaried, self employed or professional with repaying capacity Margin – 50% (Valuation Rate of Interest – The rate of interest 12.5 %; Interest on monthly reducing balance Duration – 84 months Security – Mortgage of Immovable Property Guarantor – one or two individual guarantors acceptable to bank similar to… Read More »
Vijay Co-operative Bank Limited was instituted by Sh. Natwarlal Prabhudas Patel in the year 1963. Its registered office then was situated in Naroda at the Vijay Mills. The prime objective of commencement of Vijay Bank was to work for the less fortunate members of the community by enhancing their economic enterprises and create ample funds… Read More »
A recent press report said that IndusInd Bank has entered into a memorandum of understanding (MoU) with the Indian Army in order to provide a whole gamut of banking and wealth management products to all the cadres of the Army. Reports said that IndusInd Bank is the seventh bank to enter into a tie-up with… Read More »