A recent press report said that the recent policy rate hike by regulator Reserve Bank of India will lead to rush in loan rates by various lenders. Reports said that major lenders like Punjab National Bank, Bank of Baroda (BOB), IDBI Bank and Oriental Bank of Commerce (OBC) have already raised their base rate to… Read More »
A recent press report said that the Centre has appointed Ms. Nupur Mitra as Chairman and Managing Director of Dena Bank. Reports said that she will assume charge on November 1. Reports said that Ms. Mitra will replace Mr. D.L. Rawal, who is supposed to superannuate on October 31. Ms. Mitra is currently the Executive… 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 UCO Bank has launched its small and medium enterprises (SME) loan hub in Bangalore in its bid to increase lending to the sector. Mr. Arun Kaul, chairman and managing director of UCO Bank said that the bank has been a pioneer in arranging credit for priority sector and has… Read More »
A recent press report said that State Bank of Mysore’s has reported a fall in its net profit by 42 per cent to Rs 64.28 crore for the quarter ended June 30, 2011. Reports said that the fall in its profit was due to the increased provisioning. The bank’s net interest income also fell marginally… Read More »
A recent press report said that Shriram City Union Finance has planned to raise Rs 400 crore by way of private equity, qualified institutional placement (QIP) or the stock market with a follow-on issue. Ms. Subhasri Sriram, Executive Director, Shriram City Union Finance, said that the company would require capital during the last quarter of… Read More »
Purpose – for any purpose Quantum of Loan – Minimum Rs.100000/- Rate of Interest – 2% above the prevailing interest rate for housing loan Margin – In case of Stock 40%; in the case of book debts 50% Collateral – Collateral security in the form of mortgage of immovable property, F.D.R., L.I.C. policy, N.S.C., etc.,… Read More »
A recent press report said that State Bank of India (SBI) has scaled down its recruitment for the current financial year. The bank has planned to hire about 11,000 officers and clerks this year. Mr. Pratip Chaudhuri, Chairman of the bank told the press that it will recruit about 6,000 clerks soon and that the… Read More »
The Kottayam District Cooperative Bank Limited No.4309 is the apex body of the PACS in the District. The Bank was registered on 31.07.1958 under the Travancore-Cochin Cooperative Societies Act and has started functioning on 01.09.1958. It is at present functioning under the control of KCS Act 1969 & byelaws, as approved by the RCS. As… Read More »
The Kottayam District Cooperative Bank Limited No.4309 is the apex body of the PACS in the District. The Bank was registered on 31.07.1958 under the Travancore-Cochin Cooperative Societies Act and has started functioning on 01.09.1958. It is at present functioning under the control of KCS Act 1969 & byelaws, as approved by the RCS. As… Read More »