Mangalore: In his press interview presenting the annual progress report and future schemes in action of The South Canara District Co-operative Bank Ltd (SCDCC) in its Kodialbail head office on Thursday, April 21 at the Molahalli Shiva Rao Hall, M.N Rajendra Kumar, chairman of the distinguished Bank approaching its century of useful existence, informed his […]
Mangalore : The only nationalized bank with Head quarters in Mangalore (though founded in Udupi) at Pandeshwar has registered a first quarter nett profit of Rs 261.25 crores in 2009, and presently increased it to Rs 333.78 crores in 2010, said J.M. Garg, CMD, in a press release. Deposits of this bank that rose from […]
Mangalore : When the nationalized banks earn profits in huge amounts over Rs.100 crores nett, does it mean poverty is on the rise? Banks’ margin of income is on interests on loans and deposits. They never offer loans more than 60% – 70% of their clients’ Deposits and savings. The loan interest has come down […]
