PNB launched mobile banking in Daringibadi in Kandhamal district in Orissa. It aims to reach out to people in remote areas not covered by banking services and bring them into the fold by opening no frills account. Biometric cards, thermal filters and near filled communication mobile handsets are required to operate this unique banking service.(source BS 181108)
Banks have hiked NRI deposit rates by 75 basis points to attract foreign currency resources for the country (source BS181108)
ICICI Bank is reducing the timings from 12 hours to 9 hours at some of its branches from 1st December 2008. Instead of 8am to 8pm it would be 9am to 6pm at about 500 branches. (source BS 131108)
State Bank of Hyderabad has recently rolled out Smart Salary account for corporates which include features like pre-approved credit facility besides offering ca loans and personal loans. (source BS101108)
SBI inaugurated its 5th MICR cheque processing centre at Sripuram branch in Tirunelveli. It has the capacity to process 600 cheques a minute and will cater to the needs of 69 branches of various banks in the district. (source BL 181108)
Standard Chartered is looking to increase its field force and focus on relationships as a strategy to give its consumer banking segment the push. The thrust would be on SME business among which doctors, chartered accountants etc would be given special attention. Currently Stanchart has $ 2 billion of assets under management from about 2 lakh customers. (source BL 181108)
State Bank of Travancore has started girl child adoption scheme from schools across the country under which the bank will bear the cost of tuition, books and stationery, uniform and transport to school and back subject to maximum of Rs 5000 per month for each child. The bank has adopted 22 girl children in the age group of six to 14 years hailing from disadvantaged families but academically sharp. (source BL 171108)
Union Bank of India has cut its prime lending rates by 50 basis points to 13.50%. ( source HT 041108)
Banks have hiked NRI deposit rates by 75 basis points to attract foreign currency resources for the country (source BS181108)
ICICI Bank is reducing the timings from 12 hours to 9 hours at some of its branches from 1st December 2008. Instead of 8am to 8pm it would be 9am to 6pm at about 500 branches. (source BS 131108)
State Bank of Hyderabad has recently rolled out Smart Salary account for corporates which include features like pre-approved credit facility besides offering ca loans and personal loans. (source BS101108)
SBI inaugurated its 5th MICR cheque processing centre at Sripuram branch in Tirunelveli. It has the capacity to process 600 cheques a minute and will cater to the needs of 69 branches of various banks in the district. (source BL 181108)
Standard Chartered is looking to increase its field force and focus on relationships as a strategy to give its consumer banking segment the push. The thrust would be on SME business among which doctors, chartered accountants etc would be given special attention. Currently Stanchart has $ 2 billion of assets under management from about 2 lakh customers. (source BL 181108)
State Bank of Travancore has started girl child adoption scheme from schools across the country under which the bank will bear the cost of tuition, books and stationery, uniform and transport to school and back subject to maximum of Rs 5000 per month for each child. The bank has adopted 22 girl children in the age group of six to 14 years hailing from disadvantaged families but academically sharp. (source BL 171108)
Union Bank of India has cut its prime lending rates by 50 basis points to 13.50%. ( source HT 041108)
