Public sector banks’ overall credit exposure to small and medium enterprises grew 25.81 per cent in fiscal year 2006-07 to Rs 1,84,589 crore, surpassing the minimum 20 per cent year-on-year growth targeted for this sector.
Entries Tagged 'Bank News' ↓
SME Credit Grows 25% in Public Sector Banks
August 14th, 2007 — Bank News
Corporation Bank Plans Branchless Banking
August 11th, 2007 — Bank News
Mangalore: Corporation Bank is planning to use the ‘branchless banking’ model to bring more villages under financial inclusion in un-banked areas.
UTI Bank Changes Name as Axis Bank
August 9th, 2007 — Bank News
Axis Bank will be the new name for UTI Bank. The bank’s board decided on the new name at a meeting in Mumbai today.Axis Bank is born out of the pressure on UTI Bank to shed its brandname after the split of the erstwhile UTI. Though UTI was a government instutition, its subsidiary UTI Bank has been categorised as a private sector bank, according to RBI guidelines.