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LVB bank joined hands with NCML

Wed, 18 Feb 2015 11:24:23 +0530

Recently Laxmi Vilas Bank has decided to work with the National Collateral Management Services (NCML), an agri-infrastructure service provider for collateral management and warehousing services. With the aim to assist and provide farmers and traders with the finance for their requirements the bank h...



Syndicate Bank hiring 5000 new staff

Thu, 12 Feb 2015 12:12:42 +0530

A public owned bank – Syndicate bank has announced to hire new 5,000 employees in the fiscal year 2015-16. The executive officer of the bank stated that from the 5000, 2900 hiring will be for the officers and 2100 will be for the clerical cadre staff. At present bank is having a total of 29,...



SBI donated Rs 8.6 cr as a part of CSR activity

Wed, 11 Feb 2015 11:28:46 +0530

The leading lending institution of the country – State Bank of India has made a donation for a social cause. As a part of the bank’s corporate social responsibility, the bank has taken this initiative of donating Rs 8.6 crore to the Bengaluru-based Sri Shankara Cancer Foundation (SCF) to...



Canara Bank tied up with NHBC

Mon, 09 Feb 2015 11:34:28 +0530

Canara Bank has joined hands with National Bulk Handling Corporation (NBHC), a warehousing commodity. Through this tie up the bank wants to extend the warehouse receipt financing for farmers. A MOU was signed by NBHC MD and CEO Anil Chaudhary and Canara Bank Chief General Manager S.S. Bhat in the pr...



Hiring for Probationary clerks in South Indian Bank

Thu, 05 Feb 2015 11:18:13 +0530

It is reported that the South Indian bank is inviting applications for the post of Probationary Clerks in Delhi. Interested candidates can apply through the official website of the bank before 14th February, 2015. There are total numbers of 35 posts. In order to apply the candidate needs to have a g...



Yes Bank joined hands with Muthooot Finance

Wed, 04 Feb 2015 11:54:28 +0530

Yesterday the Young generation bank of the country – Yes bank has announced that leading gold lender Muthoot Finance will be working as the business correspondent for the bank. The agreement between the Muthoot Fianace and yes bank was signed was signed 2 months back, but only after the RBI ha...



RBI can cut down the rates by 0.25% this week

Mon, 02 Feb 2015 11:44:02 +0530

It is expected that the apex bank of the country – RBI may further reduce down the rate by 0.25% in the monetary policy this week. Last month RBI had unexpectedly cut down the rates surprising everyone. This time the industry is hopeful that a further reduction in policy rates. While lowering...



Andhra Bank’s new silent protest for repayment of loan

Thu, 29 Jan 2015 11:57:15 +0530

Recently the Andhra Bank has come up with new idea for loan recovery. The employees of the bank have planned to silently protest for the repayment of the loans. By wearing black bands and holding placards displaying “We want repayment of loans” the employees protested and asked for the r...



NABARD signed MOU with TATA trusts

Fri, 23 Jan 2015 11:54:45 +0530

National Bank for Agriculture and Rural Development (Nabard) has signed a MOU with two Tata trusts. The bank has entered in to partnership with NABARD in order to enhance the socio economic upliftment of resource poor regions and communities. The MoU was signed by SDTT Executive Trustee R Venkatara...



Credit growth of Indian banks overseas increased

Thu, 22 Jan 2015 11:56:24 +0530

It has been reported that Indian banks have increased their business abroad. The credit growth of the banks has increased by 31.2 per cent to Rs 7.68 lakh crore ($ 127.9 billion) in 2013-14. Deposits of overseas branches of domestic banks rose by 30.8 per cent to Rs 5.14 lakh crore. Income of overse...