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Federal Bank launched V connect for its customers

Thu, 12 Feb 2015 12:17:43 +0530

With the perspective to make the banking more enhanced the Federal bank has rolled a new facility for its customers. The bank has launched the video conference facility for the customers which will help them to directly interact with the bank’s relationship manager. The customers will get the...

Andhra Bank on expansion mode

Wed, 11 Feb 2015 11:20:59 +0530

It has been reported that Andhra Bank is set to launch a new branches. Bank is having a large part of its banking business in Andhra itself. The bank is 26% of banking in Andhra and 24% in Telangana. Now the bank has the plans to increase its banking in Telangana at set up 200 new branches over ther...

Dena Bank earned a profit of 13%.

Mon, 09 Feb 2015 11:25:15 +0530

Dena Bank has reported a growth of 13% in its net profit. The net profit of the bank has stood at Rs 76.5 crore in the third quarter ended December 31, 2014. The profit has increased form Rs 67.8 crore to Rs 76.5 crore. Total income has increased to Rs 2,867.32 crore for the quarter from Rs 2,662.8...

Banks expected to cut down the rates

Thu, 05 Feb 2015 11:13:08 +0530

After the announcement of the rates in sixth bi-annual monetary policy by the Apex bank, the Executive Vice Chairman of the Kotak Mahindra bank stated that banks might cut the lending rates by the next quarter. It was further stated that Banks are expected to cut down the rates by this quarter or th...

RBI kept the rates unchanged

Wed, 04 Feb 2015 11:47:30 +0530

On Tuesday the apex bank left the rates unchanged. The consumers will have to wait for the further cut down in the lending rates by the banks. In the sith bi-annual monetary policy the RBI has stated the repo rate at which the apex bank lends to other banks – 7.75%. The central bank kept the...

Dena Bank has revised its interest rates

Tue, 03 Feb 2015 11:28:33 +0530

Yesterday Dena bank unveiled its new rate. The bank has increased its rate on the short term deposits, and on the other hand has reduced the rates on the long term deposits. Prior to the release of the sixth bi-monthly monetary policy review, the bank has declared its rates. The bank reported that...

Indian Bank to set up new branches in Thanjavur Area

Mon, 02 Feb 2015 11:54:05 +0530

Last week Indian Bank has announced that bank will be opening its new six branches in the country. With the perspective to expand its network the bank will be opening 6 new branches in the Thanjavur Zone soon. Bank wishes to offer more services to the customers and extend the customer friendly servi...

New Forex Hub established by Central Bank of India

Mon, 02 Feb 2015 11:52:24 +0530

For the first time the Central Bank of India has opened a new forex hub at Gujarat. Overall this is the second forex hub of the bank, prior to this bank has opened the forex hub in Mumbai last year. In order to provide the more effective facilities to the importers and exporters the bank has decide...

Money transfer simply through phone contact book: HDFC bank

Fri, 30 Jan 2015 12:29:11 +0530

Leading private sector lending bank - HDFC bank has announced to launch a new innovative app that will enable the customer to send money easily. The customer will now be able to send the money 24X7 simply through their phone contact book. The new name Chillr will make sending money easy, the receive...

Karnataka Bank reported a profit of Rs 317.03 crore

Thu, 29 Jan 2015 11:48:54 +0530

Karnataka Bank has reported a net profit of Rs 317.03 crore for the first nine months of the current year against Rs 229.82 crore for corresponding period last year. Current Account, Savings Account (CASA) increased by Rs 1,162 crore from Rs 9,576 crore to Rs 10,738 crore. The deposits of the bank...