A recent press report said that Bank of Baroda (BoB) is looking at a 23 to 25 percent rate of growth, higher than the industry average of 20 percent. Mr. M. D. Mallya, Chairman and Managing Director, BOB said that the bank has registered 25 percent growth in the first quarter of the current year… Read More »
A recent report from the RBI said that the regulator has imposed a penalty of Rs 5 lakh on city-based Kalupur Commercial Co-operative Bank (KCCB) for its non-adherence to mandatory banking rules. Reports said that a penalty of Rs 5 lakh has been imposed on KCCB for violation related to Know Your Customer (KYC) norms,… Read More »
A recent press report said that IDBI Bank has won Wins Dun & Bradstreet Banking Awards 2011 for two categories namely overall Best Bank in India and the Best Public Sector Bank in India. Dun and Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, announced and presented the ‘Dun &… Read More »
A recent press report said that Bank of Baroda has hiked deposit rates in select maturities by 25-50 basis points with immediate effect. The bank has hiked the interest rate on deposits less than crore having maturity of one year to three years has been hiked to 9.25 per cent from 9 per cent. It… Read More »
A recent press report said that Corporation Bank is in the process of according special and exclusive services for senior citizens. Mr. Narendra Singh, Executive Director of the Bank said that the bank has planned to roll out certain special services for senior citizens shortly. He said that the Top of Form Bank has registered… Read More »
A recent press report said that Mr. Ramnath Pradeep, Corporation Bank Chairman and Managing Director have disproved charges of inappropriately sanctioning big-ticket loans. He said that the bank’s net non-performing assets (NPAs) would not have been below one per cent of the total advances if the allegations were true. Reports said that the finance ministry… Read More »
A recent press said that Union Bank of India (UBI) has elevated seven deputy general managers (DGMs) to the post of General Managers (GMs). The bank sources have said that the promotions will help fill the vacancies that were created at the middle management level due to slew of retirements at the GM level. According… 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 »
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 »
The Rainwater harvesting scheme for customers is offered by the bank to cover the SC/ST farmers in Providing Irrigation facilities to the homesteads/ farm lands. In order to augment the income generating capacity of the SC/ST farmers, suitable local harvesting structures are proposed along with provision for small lifting devices on a nationwide scale. The… Read More »