Oriental Bank sees 41% jump in Q1 net The Times Of India NEW DELHI: Public sector lender, Oriental Bank of Commerce (OBC), has reported a 41.14% jump in its net profit at Rs 363.31 crore for the quarter ended June 30. | The company’s scrip increased by 5.95% on the Bombay Stock Exchange while the Bankex, the index for banking stocks, increased by 0.92%....
Cops book 18 farmers for gheraoing bank manager The Times Of India YAVATMAL: The Kalamb police have booked 18 farmers on Tuesday night on a complaint lodged by the manager of Central Bank of India's branch at Kota village. | Police sources said, hundreds of farmers thronged the Central Bank branch in village Kota under Kalamb police station. The mob not only gherao...
Oriental Bank sees 41% jump in Q1 net The Times Of India NEW DELHI: Public sector lender, Oriental Bank of Commerce (OBC), has reported a 41.14% jump in its net profit at Rs 363.31 crore for the quarter ended June 30. | The company’s scrip increased by 5.95% on the Bombay Stock Exchange while the Bankex,...
Central Bank clocks 26% rise in Q1 net The Times Of India MUMBAI: Central Bank of India has posted a net profit of Rs 337 crore for the quarter ended June 30, 2010, an increase of 26.22% compared with Rs 267 crore in the previous quarter. | Announcing the results, CMD S Sridhar said the bank had raised Rs 2...
The banking woes of an "excluded" community The Hindu | Vidya Subrahmaniam | Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. | A little over a year ago, A...
Indian Bank hiked rates proactively The Hindu | Special Correspondent | Garners over | Rs. 3,000 crore by way of deposits since March | CHENNAI: Indian Bank has been able to garner over Rs. 3,000 crore by way of deposits since March this year. Disclosing this, T. M. Bhasin, Chairman and Managing...
Canara Bank branches come under CBS platform The Hindu | Staff Reporter | BANGALORE: Canara Bank has brought all its 3,057 domestic branches under Core Banking Solution (CBS) platform, which will provide seamless banking experience to about 37.5 million customers across India and abroad. | All the branch...
MSME lending fetches KVG Bank national award The Hindu | Staff Correspondent | DHARWAD: The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has conferred the national award on Karnataka Vikas Grameena Bank (KVGB) sponsored by the SyndicateBank for highest coverage under the trust in ...
Co-op bank chairman, two others get contempt notice Indian Express | Presently untraceable chairman of Ahmedabad District Cooperative Bank Ajay Patel and two others are facing contempt of court notice for not complying with a High Court order of October 1, 2009 asking them to scrutinise self-help groups and Sakhi Ma...
Resilience to help Bank of Baroda stay a step ahead of peers The Times Of India Bank of Baroda (BoB) ended the June 2010 quarter with a higher loan growth and a better asset quality than its closest public sector peers like Punjab National Bank and Union Bank of India. | These sure are interesting times for BoB. It is moving clo...
Villages with population of over 2,000 to get banking facility by 2012 The Hindu | Special Correspondent | 3,490 villages in State with population of over 2,000 do not have banking facility | Banks disbursed loans to the tune of Rs. 31,020 crore under priority sector in 2009-10 | BANGALORE: All the villages in the State with a population of more than 2,000 will get banking facility by March 2012. | This was disclosed by State L...
India will add 110m people to global workforce by 2020: Study Deccan Herald New Delhi, July 28 (PTI) | A demographically young India will be the largest contributor to the global labour force in the coming decades, and will add about 110 million workers by 2020, a study by Goldman Sachs said. | In contrast, China's labour force will increase by 15 million and Japan's will decline by 3 million over the next 10 years. The gr...
