The Reserve Bank of India on Friday fueled enough optimism for India Inc, mostly bruised with economic blues. They can now apply for a new banking licence. The central bank released guidelines for the same. Corporate CEOs were vying each other in airing their voices to stake claim as potential candidates. Is it the need of the hour?
Corporation Bank has announced its first quarter results. The compnay's Q1 net profit was up at Rs 351 crore versus Rs 334 crore.
Banking facilities must be made accessible to each and every citizen of the country, Corporate Affairs Minister M Veerappa Moily said here today.
State-run Corporation Bank expects squeeze on its margins in the first half of FY12 due to higher cost of funds and advances to grow by a quarter in the year, a top official told Reuters on Wednesday.
State-run Corporation Bank denied a newspaper report on Monday it was in takeover talks with Pune-based Rupee Co-operative Bank to expand in Maharashtra.