28th Mar 17 SBI signs agreement with Odisha government on banking services
State Bank of India has signed an agreement with Odisha government to provide banking services through SHGs (Special Help Groups) in the unbanked areas of the state. The bank will offer wide range of banking services to customers including deposits, withdrawals , personal loans, home loans and loan against property. With this, Odisha has become the first state to offer banking services in unbanked areas through SHGs under its mission Odisha Livelihood Mission (OLM).
28th Mar 17 Axis Bank to raise 10 million dollars from Dubai center
Axis Bank has received an approval from its board of directors to raise 10 million dollars of funds via debt securities under its MTN programme.The debentures with maturity of three years will be issued through Dubai International Finance Center (DIFC) branch of the bank.
28th Mar 17 Kotak Mahindra Bank to consider raising funds via multiple routes
Private lender bank Kotak Mahindra Bank is planning to raise equity capital funds using multiple routes such as right issue, private placement of shares or qualified institutional placement. As per the bank official, the the funds will be raised after the banks receives approval from its board of directors in the annual meeting scheduled on 30th March, 2017.