PM Modi’s Jan Dhan Yojana: Bankers beat account opening targets on Day 1
Prime Minister Narendra Modi on Thursday launched 'Pradhan Mantri Jan Dhan Yojana', aimed at bringing more people -- 7.5 crore households by FY18 -- under the banking fold. The post PM Modi’s Jan Dhan...
View ArticleSyndicate bank scam: Now UCO, Bank of Maharashtra under CBI scanner
CBI sources said the enquiries will look into alleged irregularities in the extension of credit facilities by UCO Bank and Bank of Maharashtra in the borrowers account facilitated by Pawan Bansal of...
View ArticleSC verdict on sugar farmers will boomerang on farmers as banks threaten to...
Logically, banks will not grant further loans against the same type of collateral as similar instances can occur again The post SC verdict on sugar farmers will boomerang on farmers as banks threaten...
View ArticleAshok Leyland ties up with Bank of Maharashtra for CV finance
Truck manufacturer Ashok Leyland today said it has tied up with state-run Bank of Maharashtra to provide finance to its commercial vehicle buyers and also deepen reach. The post Ashok Leyland ties up...
View ArticleAfter RBI’s surprise, banks to lower lending rates soon, say top bankers
Welcoming RBI's decision to cut rates, top lenders SBI and ICICI Bank today said the much-awaited lowering of lending and deposit rates would "definitely" take place now. The post After RBI’s surprise,...
View ArticleAfter RBI, banks start passing on benefit to consumers
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 percent, while other banks including market leader SBI have indicated that they would follow suit....
View ArticleBudget 2015 should have roadmap for India, says Sushil Muhnot, CMD of Bank of...
If the government manages to encourage individuals to invest in financial assets, this money can be, in turn, channelized to fill the investment gap in infrastructure sector, Muhnot said. The post...
View ArticleBank of Maharashtra to auction Rs 500 cr NPAs in September
As on 30 June, the bank's capital adequacy ratio as per Basel III norms stood at 11.61 percent. The post Bank of Maharashtra to auction Rs 500 cr NPAs in September appeared first on Firstpost.
View ArticleBank of Maharashtra plans to raise Rs 1,000 cr to propel growth
On a two-year roadmap for the bank, Muhnot outlined bank's focus on reducing NPAs, expanding bank's portfolio in home loan, small and medium enterprises and priority sector lending The post Bank of...
View ArticleWatch: I have the new Rs 2,000 note, but where do I get the change now?
There were some at the banks on Tuesday who had come to deposit money The post Watch: I have the new Rs 2,000 note, but where do I get the change now? appeared first on Firstpost.
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