A recent press report said that State Bank of India has appointed a deputy managing director to focus exclusively on non-performing assets (NPAs) on account of the bad loan going up by Rs 5,791 crore in FY11. The bank’s NPA stood at Rs 25,326 crore as of March-end 2011, against Rs 19,535 crore as of… Read More »
A recent press report said that Indian Bank has topped the list among the PSU banks by recording highest returns on assets for the financial year ended March, 2011. Indian Bank has recorded a Return on Assets (RoA) of 1.53 per cent for 2010-11, which is the highest among 21 public sector banks. The lowest… Read More »
State Bank of India has opened its first ”affordable housing loan” cell in Mumbai, which will provide a platform for its customers to interact with the bank. The bank has initiated this project in association with a few builders operating in the affordable housing segment. The first facility has been set up in Nalla Sopara… Read More »
State Bank of India has opened its first ”affordable housing loan” cell in Mumbai, which will provide a platform for its customers to interact with the bank. The bank has initiated this project in association with a few builders operating in the affordable housing segment. The first facility has been set up in Nalla Sopara… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established on 01-12-1978 & is sponsored by State Bank of India. The area of operation of the Bank comprises three districts viz., Gulbarga, Bidar and Yadgir. The present Branch network is 119, of which 94 branches functioning in rural area, catering to the needs of farming… Read More »
According to recent press reports the State Bank of India has raised its base rate by 25 basis points (a basis point is 0.01 percentage points), before the release of RBI’s monetary policy review. The new base rate of SBI from 25th April 2011 would be 8.50%. Reports said that there are fair chances for… Read More »
Do you know in those days the loans were restricted to Rs. 1 L only and the loan tenure was a mere 3 months only?! Also, these were security loans. Another trivia to note is that in this period lending against shares of the banks or on the mortgage of houses, land or other real… Read More »