Mangaluru: The Corporation Bank on Friday announced its results for the third quarter ending December 31, 2016 posting a net profit of ₹159.05 crore as against a net loss of ₹388.38 crore posted in the same quarter the previous year. Announcing the results at a media conference here, Bank Managing Director and CEO Jai Kumar […]

Mangaluru: Syndicate Bank has been awarded with the prestigious Skoch awards 2016 for providing outstanding information technology products in India. The bank was awarded by ‘Skoch Smart Technology Silver Award 2016’ and ‘Skoch Order-of-Merit’ during the 46th skoch summit held recently in New Delhi. Skoch Group is a Gurgaon based think tank dealing with socio-economic […]

Mangaluru: “Corporation Bank has done a business of Rs 3,35,445 and fetched a net profit of Rs 36 crore in 2016’s first trimester time,” said Bank MD and CEO Jai Kumar Garg. Speaking to the reporters on Wednesday he said that the amount of deposit has been increased by 0.91%, in SB accounts Rs 30.62 […]

Mangaluru : Corporation Bank on Wednesday announced that it had, in 2015-16, posted losses for the first time since its inception in 1906. However, the bank’s CEO exuded confidence of bouncing back this fiscal by recovering the non-performing assets (NPA), which have touched the 9.98-per cent mark (Rs. 14,544 crore gross). Announcing the performance highlights […]

Mangaluru : Vijaya Bank has initiated the process of financing around 60 start-ups in various sectors. Addressing presspersons in Mangaluru on Tuesday, Kishore Sansi, Managing Director and Chief Executive Officer of Vijaya Bank, said the bank had plans to finance start-ups on a smaller scale earlier. “We have received some concrete plans from 60 entrepreneurs. […]

Mangalore : SR Bansal, Chairman and Managing Director of Corporation Bank said that the net profit of the Corporation Bank for the quarter ended on June 2014 has registered a slump of 38.76 per cent. Addressing the press meet held on Friday August 8, he said that The net profit is Rs 231.47 crore as […]

Mangalore : Private sector lender Karnataka Bank  ‘s first quarter net profit grew by 13 percent year-on-year to Rs 94.2 crore on higher other income, but bad loans increased further during the quarter that sent shares 13.6 percent lower intraday. Other income of the bank more than doubled to Rs 206 crore in April-June quarter […]