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 »
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 »