Work may be affected if September 2 strike materialises: Corporation Bank

State-owned Corporation Bank today said normal working may get affected on September 2 if the strike called on that day by trade unions materialises.Indian Banks' Association has received a notice from the general secretaries of associations comprising AIBEA, BEFI, NOBW, INBEF, AIBOA, INBOC and NOBO and informed about their decision to go on a day's nationwide strike on September 2, in support of their demands, Corporation Bank said in a BSE filing."A major section of the bank's employees belonging to the workmen unions/Officer's Associations,...

Read more »

ICICI Bank unveils first guarantee-backed home loan product

ICICI Bank, India’s largest private sector bank, has announced the launch of the country’s first ‘mortgage guarantee’ backed home loans for first time borrowers in the affordable housing segment.‘ICICI Bank Extraa Home Loans’ will allow a borrower to increase the loan amount by up to 20 per cent of the original loan amount and also the option to extend the repayment period up to 67 years of age.This extension of loan amount and tenure will come at a premium upfront fee of 1-2 per cent of the entire loan amount, including the incremental component.“The...

Read more »

Andhra Bank launches Mudra Card

Andhra Bank has launched Mudra Card under the Pradhan Mantri MUDRA Yojana Scheme.As part of the PMMY, the bank is issuing Mudra Card to all eligible borrowers availing working capital limits as per guidelines.Mudra Card is a debit card on the Rupay payment platform. It helps the borrower to have flexible access to their working capital limits. It can be used to draw cash from any ATM or make purchase using point of sale machine. The maximum loan under the MUDRA card it Rs. 10 lakhs Source : Thehindubusinesslin...

Read more »

Corporation Bank to conduct Exporter-Importer Meet in Tirupur

Corporation Bank has organised Exporters & Importers meet at Hotel Velan in Tirupur on August 28.S.R.Bansal, Chairman and Managing Director of the bank is expected to preside over the function.Other officials such as K.Venkatesh Rao, Deputy General Manager and Zonal Head, Coimbatore and U.Vasanth Kini, Circle General Manager, Chennai are expected to take part in this event. Source : Thehindubusinesslin...

Read more »