A recent press report said that IndusInd Bank has planned to open at least 400 new branches over the next three years as part of its branch network expansion strategy. Mr. Romesh Sobti, Managing Director and Chief Executive Officer, of the bank said that the bank has almost 310 branches and it is expected to… Read More »
A recent press report said that State Bank of India has constituted rural recovery teams (RRTs) and activated account tracking centres in order to undertake recoveries due to the huge jump of bad loans by Rs 5,791 crore in 2010-11 (April to March). Reports said that the bank has put together RRTs, with each team… Read More »
The Varachha Cooperative Bank Ltd. came into existence on 16th October 1995 and Inauguration ceremony was done by on the hand of Shree Swami Sacchidanand. The bank offers home loans, educational loan, personal loan etc. The Bank has been awarded with First Prize for the best performance among all Cooperative banks in Surat District during… Read More »
The Varachha Cooperative Bank Ltd., came into existence on 16th October 1995 and Inauguration ceremony was done by on the hand of Shree Swami Sacchidanand. This loan is for those who are self employed and professionals like Doctor, Lawyer, Teacher and Chartered Accountant. This loan is available for 12 month to 60 months with competitive… Read More »
The Greater Bombay Co-operative Bank Limited, more popularly known as Greater Bank, had its humble beginnings over five decades ago on 10th December 1952, when a small group of philanthropists got together to set up the Bank. Having achieved the status of a scheduled bank in 1996, The Greater Bombay Co-operative Bank has been making… Read More »
A recent press report said that Yes Bank is on a spree of partnering with non-bank lenders catering to different segments and is in the “final stages” of tying up with mortgage lender HDFC. Managing Director and Chief Executive Mr.Rana Kapoor, YES bank, said that the bank has signed an alliance with Dewan Housing for… Read More »
According to a recent press report the 40th meeting of the Board of Directors of the Asian Clearing Union (ACU) was held on June 9, 2011 at Kumarakom, Kerala, India. ACU is a multi-lateral institution comprising central banks of Bangladesh, Bhutan, Iran, India, Myanmar, Maldives, Nepal, Pakistan and Sri Lanka. The main objective of ACU… Read More »
A recent press report said that ICICI Bank has planned to add about 1,500 branches over a period of four years against the existing strength of about 2,500. The bank’s network is expected to go up to 4,000 by 2015With the addition. Reports said that the branch expansion will help increase the bank’s presence as well… Read More »
A recent press report said that public sector lender Corporation Bank has rewarded six of its branch managers with the Chairman’s club membership for their commendable performance at work. This award has been given for the excellence in operations. The bank has also awarded 64 branch managers the ‘Super Ordinate Goal’, which was for their… Read More »
A recent press report said that City Union Bank Ltd (CUB) has informed BSE that it has been decided in the board of directors meeting, to augment capital up to Rs. 300 crore (inclusive of premium) through a process of qualified institutional placement. Reports said that the bank is expecting to approach the shareholders for… Read More »