Tuesday, December 28, 2010

Shinhan Bank opens third branch in India

South Korean lender Shinhan Bank has opened their third branch in India. The third branch of the bank was inaugurated last week at Walajapet, in Vellore district in Tamil Nadu.

According to an official, the bank will offer a lot of banking products to the customers including term loan, working capital through the corporate branch recently opened.

Shinhan Bank is a flagship company of Shinhan Financial group that belongs to South Korea. The bank was established in 1897 and has more than 18.7 million client base with a total asset base of $ 211.30 billion.

Friday, December 24, 2010

Central Bank to reach every district soon

On the occasion of Centenary celebration of the Central Bank of India , the Chairman and Managing Director of the bank Mr S Sridhar announced the opening of 100 more ATM and adoption of 100 villages across the country.

The bank also announced that they have planned to have a physical presence in every district head quarter by December 2011.

Currently the bank has a physical presence in 496 districts. It has a total of 3,644 branches and 238 other offices and plans to establish presence in 131 more districts by the end of next year.

On the occasion, Mr S. Sridhar said that “We will have a physical presence in every district in the country by the end of our centenary year”.

Wednesday, December 22, 2010

NRI remittances eased by Dhanlaxmi Bank

In order to offer more facilities to customers, Dhanlaxmi Bank has inked an agreement with Doha Bank. Dhanlaxmi Bank is one the fastest medium size private bank of India. The bank has around 274 branches across India.

This facility will prove very much beneficial for the people in India whose relatives are in Qatar. A person in Qatar can now transfer money directly to any of the branches of Dhanlaxmi Bank in India by any of the branches of Doha Bank in Qatar or by using internet banking service of the bank.

Head branch banking and NRI business, Dhanlaxmi Bank Mr Salil Datar said “This association with Doha Bank is part of our NRI Banking business proposition. The arrangement will enable us to provide our customers convenient and secure services besides expanding our remittance network across GCC countries.”

On the occasion Executive Manager, International banking group, Doha Bank Mr R Ganesan said “The tie-up with Dhanlaxmi Bank provides an opportunity to extend our services to the vast NRI community in the region by meeting all their banking requirements. We are committed to serving the NRIs and provide them a seamless banking experience.”