A recent press report said that HDFC Bank has recorded a profit of 31.5% which is mainly due to its strong business growth. Reports said that in spite of the growth in the bank’s net interest income and fee income by 16.6 per cent and 15.6 per cent respectively, profit growth was supported by a… Read More »
According to a recent press report, HDFC Bank (BCCL) has said that the bank’s net profit has increased to 31.5% more than the Predicted limit. The Bank is constantly maintaining the net interest and asset quality. Reports said that the Bank has always moved ahead of the market’s expectations for the past several quarters and… Read More »
According to a recent press report, Bank of Maharashtra has launched “Maha Seva” a customer care centre to provide assistance to its customers. Maha Seva is the 24×7 support centre which is expected to give detailed information about the new and existing products and services of the Bank. The Single Point contact centre was launched… Read More »
According to a recent press report Mr. R. Chandrasekharan has assumed to take charge as Executive Director of UCO bank. He has a vast experience in the banking sector. Mr. R. Chandrasekharan joined as the Probationary officer in the IOB Bank on October 11, 1976. Later he has worked as a Manager in the rural… Read More »
According to a recent press report Syndicate Bank has tied up with the Asit C. Mehta Investment Intermediates (ACMILL) for online trading. Reports said that the launch of ‘Synde e-Trade’ will enable the customers of the bank to invest in diversified Portfolio like Equities, Derivatives, and Initial Public Offerings. Mrs. Deena Mehta, Managing Director, ACMILL… Read More »
A recent report said that Housing Development Financial Corporation (HDFC) has posted an increase of 20 per cent in its net profit during the quarter July – September, 2011. The net profit for the second quarter of this fiscal year was Rs.971 crore compared to the net profit of Rs.808 crore for the corresponding period… Read More »
A recent press report said that Allahabad Bank has signed a pact with Aditya Birla Money to provide its customers with online services for investing conveniently in the financial products. Aditya Birla Money which is a subsidiary of Aditya Birla Financial Groups deals with the financial services such as broking, wealth management and retail distribution.… Read More »
A recent press report said that Allahabad Bank which has 146 years of experience in the service of the nation has planned to offer sparkling gifts for this festival season. The bank has planned to offer gold coins to their customers at the reasonable price. The offer is to be made under the name Allahabad… Read More »
According to a recent press report Mr. R. Karthikeyan General Manager, SBI, has said that by the end of December 2011 the bank along with the Visa International and Elavon has planned to have 25,000 point-of-sale (POS) to expand its network. He said that the bank have a venture plan to open 6lakh POS terminals… Read More »
According to a recent press report Mr. Amitabh Chaturvedi, MD and CEO, Dhanlaxmi Bank has said that the bank has planned to shore up their capital adequacy ratio and also to support its expansion plans. Mr. Chaturvedi on speaking about the allegations of fudging of accounts and under-provisioning said that there was no concern with… Read More »