Chola MS ties up with Tamil Nadu banks to sell insuranceOctober 6th, 2009 CHENNAI - Private non-life insurer Cholamandalam MS General Insurance Tuesday announced a tie-up with Tamil Nadu State Cooperative Bank to sell its products through two district cooperative banks.
Chola MS hopes to sell motor, health, accident, cattle and agricultural insurance schemes through the branches and agricultural societies of Dharmapuri District Central Co-operative Bank and Salem District Central Co-operative Bank, the company said.
RBC Bank, US subsidiary of Royal Bank of Canada, says CEO Scott Custer to retireOctober 1st, 2009 CEO of NC-based RBC Bank to retire next monthRALEIGH, N.C. — The chief executive of North Carolina-based RBC Bank is retiring.
Regulators close banks in Illinois and Minnesota; 91 bank failures so far this yearSeptember 11th, 2009 MB Financial to take over Corus Bank branchesCHARLOTTE, N.C. — Federal regulators on Friday said they seized Corus Bancshares Inc., a Chicago lender to condominium, office and hotel projects, adding it to the long list of banks that have succumbed this year to the recession and waves of loan defaults.
List of US banks closed by feds jumps to 89; some branches taken over, reopen with new namesSeptember 5th, 2009 List of US banks closed by feds jumps to 89NEW YORK — The crippled economy and increasing loan defaults have forced financial regulators to close even more banks, including the only branch of the First Bank of Kansas City, which is reopening under a new name after its deposits are assumed. The number of banks that have failed this year stands at 89 after regulators on Friday shut down banks in Missouri, Illinois, Iowa and Arizona.
Regulators close 2 banks in Florida, marking 71 US bank failures this yearAugust 8th, 2009 Regulators close 2 banks in FloridaNEW YORK — Regulators on Friday shut down two banks in Florida, bringing to 71 the number of federally insured banks to fail this year under the weight of the weak economy and rising loan losses. The Federal Deposit Insurance Corp.
Regulators close 2 banks in Florida, 1 in Oregon, marking 72 US bank failures this yearAugust 8th, 2009 Regulators close 3 banks in Fla., Ore.; total 72NEW YORK — Regulators on Friday shut down two banks in Florida and one in Oregon, bringing to 72 the number of federally insured banks to fail this year under the weight of the weak economy and rising loan losses. The Federal Deposit Insurance Corp.
Bank of America to cut 10 percent of branchesJuly 28th, 2009 NEW YORK - Bank of America Corp, the largest US bank, plans to shrink its network of 6,100 branches by 10 percent, the Wall Street Journal reported Tuesday. CEO Kenneth Lewis announced the news to investors last week at a meeting in Charlotte, North Carolina, where the company is based, the report said.
Regulators shut First Piedmont Bank in Georgia; 54th US bank to fail this yearJuly 18th, 2009 Regulators shut small Georgia bank; 54th this yearWASHINGTON — Regulators have shut down First Piedmont Bank in Georgia, the 54th federally insured bank to fail this year. The Federal Deposit Insurance Corp.
Mukherjee inaugurates 154 State Bank branches, 2,151 ATMsJuly 12th, 2009 JANGIPUR - Finance Minister Pranab Mukherjee Sunday inaugurated 154 branches and 2,151 automated teller machines (ATMs) of the country's largest lender, the State Bank of India, online here. This is the largest number of branches opened by the bank on a single day.
CNB Financial Corp. of Worcester opts for merger with UFB, ends merger with Berkshire BankJune 26th, 2009 CNB Financial of Worcester opts for UFB mergerWORCESTER, Mass. — CNB Financial Corp.
UCO Bank posts Rs.558 crore net profitMay 8th, 2009 KOLKATA - City-based public sector bank UCO Bank posted a net profit of Rs.558 crore for the fiscal 2008-09 compared to Rs.412 crore last fiscal, a growth of 35.44 percent, a top bank official said Friday. 'The domestic operation contributed Rs.466 crore to the net profit and rest came from overseas operations,' S.K.
Dhanalakshmi Bank to raise Rs.4 bn, open 80 new branchesMarch 18th, 2009 THIRUVANANTHAPURAM - Kerala-based Dhanalakshmi Bank will soon open 80 new branches across the country and raise Rs.4 billion (Rs.400 crore) in the next fiscal, a top official said here. At present, the 81-year-old bank has 174 branches in the country, of which 130 are in Kerala.
Yes Bank bets on north Indian market to growMarch 3rd, 2009 CHANDIGARH - Private bank Yes Bank is planning to open 133 additional branches across the country, including 70 in north India, by March 2010, a senior company official said here Monday. 'Out of our total 117 branches in India, 58 percent branches are located in northern India, as we perceive it as a safe place to do business.
Yes Bank plans expansion, bets on north Indian market to growMarch 3rd, 2009 CHANDIGARH - Yes Bank is planning to open 133 more branches across the country by March 2010 of which 70 will be in north India, a senior company official said here Monday. 'Out of our total 117 branches in India, 58 percent branches are located in northern India, as we perceive it as a safe place to do business.
South Indian Bank excellence awards for five KeralitesFebruary 8th, 2009 THRISSUR - Kerala-based private lender South Indian Bank (SIB) will honour five 'globally acclaimed' Keralites for their life-time contributions to various fields, it was announced Monday. K.M. Cherian (heart surgeon), Adoor Gopalakrishnan (film maker), Verghese Kurien (architect of India's white revolution), K.J.
Loading ...