Mottos for Success-275
“A good night’s sleep can make you 40% smarter.”
1. Canara Bank is aiming to grow its export credit book by at least 20% this year. As on March 31, 2006 Canara Bank's export credit exposure stood at Rs 7,800 crs. It also want to increase its retail advances by at least 20% this fiscal. anara Bank bagged the Niryat Bandhu-Gold Trophy for 2004-05 and silver trophy for 2003-04. The bank's total advances stand at about Rs 82,000 crs, of which the retail exposure is about 20%.
2. Corporation Bank has been awarded the `Niryat Bandhu' excellence award, instituted by the Federation of Indian Export Organisations (FIEO). The award is to given to banks/export promotion councils for support services rendered to the exporters. The bank's export credit stood at Rs 2,160 crs as on September 30. On year-on-year basis, it registered a growth of 51%.
3. Karnataka Bank Ltd has entered into a MoU with Sun Technics Energy Pvt Ltd for financing the purchase of solar water heating and home light systems. The finance would be extended to customers under `KBL Ravikiran' scheme.
4. UCO Bank plans to open at least six branches in Andhra Pradesh soon. The bank has opened a new branch at Warangal, taking the total to 38 at present in the State. CBS has also been implemented in some of the major branches of the bank in the State. The total business achieved by UCO Bank in the AP Region as on September 30, 2006 was Rs 3,576 crs.
5. PNB has announced a 25 bps hike in its benchmark prime lending rate to protect its net interest margin. The PLR would now go up from 11.5% to 11.75% with effect from January 1 next year. The move to hike PLR comes in the wake of the recent increase in deposit rates and also due to tighter liquidity conditions.
6. State Bank of Bikaner and Jaipur (SBBJ) has hiked its benchmark prime lending rate (BPLR) from 11.25% to 11.5%.
7. IDBI Bank has called for prospective buyers to participate in an e-auction for a one-lakh sq ft property on Boat Club Road, a prime residential locality in Chennai. This is the second attempt by IDBI Bank to sell the property through an online auction.
8. Banks in Dakshina Kannada district have reached the business level of Rs 13,209 crs as on September 30. As many as 363 branches of various banks achieved this business, which includes deposits of Rs 8,085 crs.
9. Banks have sought flexibility in direct and indirect lending to agriculture and allied sectors to increase financial assistance to corporates, which are entering rural markets. The business model in agriculture is changing with many corporates entering the rural market. So long as such activities by corporates result in better infrastructure, employment generation and better price to farmers, lending by banks to such corporates should be treated as part of direct agricultural lending.
10. Banks have urged the RBI to consider allowing them to issue new instruments to tide over the severe asset-liability mismatch as most of the term-loan funding is being done by borrowing in the short term.. Deposit growth has been sluggish and banks have sounded out the RBI about the requirement for SLR securities may not be very high going forward in the financial year. Most of the major public sector banks are expected to hike their prime lending rates (PLRs) this week so as to match the high cost of deposits.
“A good night’s sleep can make you 40% smarter.”
1. Canara Bank is aiming to grow its export credit book by at least 20% this year. As on March 31, 2006 Canara Bank's export credit exposure stood at Rs 7,800 crs. It also want to increase its retail advances by at least 20% this fiscal. anara Bank bagged the Niryat Bandhu-Gold Trophy for 2004-05 and silver trophy for 2003-04. The bank's total advances stand at about Rs 82,000 crs, of which the retail exposure is about 20%.
2. Corporation Bank has been awarded the `Niryat Bandhu' excellence award, instituted by the Federation of Indian Export Organisations (FIEO). The award is to given to banks/export promotion councils for support services rendered to the exporters. The bank's export credit stood at Rs 2,160 crs as on September 30. On year-on-year basis, it registered a growth of 51%.
3. Karnataka Bank Ltd has entered into a MoU with Sun Technics Energy Pvt Ltd for financing the purchase of solar water heating and home light systems. The finance would be extended to customers under `KBL Ravikiran' scheme.
4. UCO Bank plans to open at least six branches in Andhra Pradesh soon. The bank has opened a new branch at Warangal, taking the total to 38 at present in the State. CBS has also been implemented in some of the major branches of the bank in the State. The total business achieved by UCO Bank in the AP Region as on September 30, 2006 was Rs 3,576 crs.
5. PNB has announced a 25 bps hike in its benchmark prime lending rate to protect its net interest margin. The PLR would now go up from 11.5% to 11.75% with effect from January 1 next year. The move to hike PLR comes in the wake of the recent increase in deposit rates and also due to tighter liquidity conditions.
6. State Bank of Bikaner and Jaipur (SBBJ) has hiked its benchmark prime lending rate (BPLR) from 11.25% to 11.5%.
7. IDBI Bank has called for prospective buyers to participate in an e-auction for a one-lakh sq ft property on Boat Club Road, a prime residential locality in Chennai. This is the second attempt by IDBI Bank to sell the property through an online auction.
8. Banks in Dakshina Kannada district have reached the business level of Rs 13,209 crs as on September 30. As many as 363 branches of various banks achieved this business, which includes deposits of Rs 8,085 crs.
9. Banks have sought flexibility in direct and indirect lending to agriculture and allied sectors to increase financial assistance to corporates, which are entering rural markets. The business model in agriculture is changing with many corporates entering the rural market. So long as such activities by corporates result in better infrastructure, employment generation and better price to farmers, lending by banks to such corporates should be treated as part of direct agricultural lending.
10. Banks have urged the RBI to consider allowing them to issue new instruments to tide over the severe asset-liability mismatch as most of the term-loan funding is being done by borrowing in the short term.. Deposit growth has been sluggish and banks have sounded out the RBI about the requirement for SLR securities may not be very high going forward in the financial year. Most of the major public sector banks are expected to hike their prime lending rates (PLRs) this week so as to match the high cost of deposits.
