Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc. As a fully licensed commercial bank, Prime Bank is being managed by a highly professional and dedicated… Read More »
Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc. Prime Bank is providing various types of Direct Finance and Working Capital to SSI (Small Scale Industries),… Read More »
A recent press report said that Bank of Baroda has planned to set up its pan-India call centre in Lucknow to cater to various customer demands and services. Reports said that the call centre would handle the banks complete customer queries and services from any corner of the country. Mr. Subhas C Ahuja General Manager,… Read More »
A recent press report said that the government has asked banks to increase the share of educational loans in total credit portfolio. Apart from the educational loan the loan portfolio of banks also includes a variety of loans such as home loan, personal loan, vehicle loan, business loan, agri loan etc. Reports said that due… Read More »
A recent press report said that Vijaya Bank has planned to reach its target in housing loan portfolio during the current financial year in spite of the hike in its lending rates. Mr. Jayarama Shetty told the press that borrowers can confidently avail of loans it offers the advantages of transparency to borrowers and there… Read More »
The RBI reports said that the Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees one lakh only) on the Dahod Urban Co-operative Bank Limited, Dahod, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for… Read More »
A recent press report said that the Government has appointed Mr. Harun Rashid Khan as Deputy Governor of Reserve Bank of India. Mr. Harun Rashid Khan fills the vacancy of superannuation of Ms. Shyamala Gopinath. The central bank traditionally has four Deputy Governors, with two of them being from the RBI and the other two… Read More »
A recent press report said that Development Credit Bank has reported a net profit of Rs 8.8 crore for the quarter ended June 30, 2011, against a net loss of Rs 2.9 crore in the corresponding year-ago quarter. The deposits grew by 17 per cent to Rs 5,980 crore, while advances grew by 22 per… Read More »
A recent press report said that banks are losing trading interest in certificates of deposits because the liquidity position of the banks has started improving. In addition to this the RBI has also extended the deadline for banks to keep their investments below 10% in debt-oriented mutual funds which has further reduced the redemption pressure… Read More »
A recent press report said that Shri P. Vijaya Bhaskar assumed charge as Executive Director of the Reserve Bank of India earlier this month. As Executive Director, Shri Bhaskar will look after Central Security Cell, Department of Banking Supervision and Department of Non-Banking Supervision. Shri. Bhaskar was the Regional Director of Karnataka, prior to his… Read More »