Tag: Bank

  • JK Bank Consumer Loan Check Eligibility and Rate of Interest

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    • Permanent Employees of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies.
    • Employees on contractual basis with Central/State Govt, Government/Semi-Government Undertakings& Autonomous bodies shall be eligible, if they have been in current contractual job for a period not less than I year and the remaining contract period is longer than the chosen repayment period.
    • Teachers under Rehaber-a-Taleem, J&K Govt.
    • Officials under Rehaber-a Zeerat, J&K Govt.
    • Pensioners both State/Central drawing their monthly salaries/pension through our bank.
    • Employees of Private Limited Companies, Private Organizations, Reputed Establishments having a minimum 1 year relationship with our bank (Assets or liabilities).
    • Professionals, self-employed individuals (Businessmen included) & Proprietorship Concerns, having a minimum 1 year relationship with our bank (Assets or liabilities)
    • Finance under this Scheme shall also be provided to regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).

    NOTE:Employees on Adhoc basis shall not be eligible.

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    #Bank #Consumer #Loan #Check #Eligibility #Rate #Interest

    ( With inputs from : kashmirpublication.in )

  • J&K Bank Khidmat Centres provide financial services- Check Details – Kashmir News

    J&K Bank Khidmat Centres provide financial services- Check Details – Kashmir News

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    J&K Bank Khidmat Centres provide financial services like Account opening, Card & Aadhaar Based Withdrawal/Deposit/Transfer Transactions, enrolment for various government security schemes etc. We ensure that you get financial help in the remotest areas across J&K and Ladakh

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    ( With inputs from : kashmirnews.in )

  • Hyderabad: Kolkata gang arrested for creating fake bank documents

    Hyderabad: Kolkata gang arrested for creating fake bank documents

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    Hyderabad: The Hyderabad police arrested a Kolkata-based gang consisting of four members who are allegedly involved in preparing fake bank guarantees and seized two cheques, five mobile phones, and 60 fake bank guarantees from them.

    The persons who are arrested are Godishala Naga Raju, 45 years, advocate and loan agent from Warangal, Naresh Sharma, 52 years of Rajasthan, Nilotpal Das, of Kolkata, West Bengal, and Subhrajit Ghosal, 31 years a resident of Kolkata, West Bengal.

    Sneha Mehra, DCP (Cybercrimes) Hyderabad said generally for awarding a government contract during documentation to assess the credibility of the applying company bank guarantees are sought from the company.

    In the detected case Harshitha Infra Engineering Private Limited awarded a Bio-Mining contract in Karimnagar Smart City Corporation Limited for which Rs. 1 Crore Bank Guarantee was sought Subsequently, Harshitha Infra Engineering Private Limited also awarded 11 bio-mining contracts by Director of Municipal Administration and the company had to submit bank guarantees Rs. 2.25 crores.

    Nagaraju had acquaintance with the victims Prajwel and Sandeep Reddy of Harshitha Infra Engineering and told them that bank guarantees will be provided on a commission basis.

    Nagaraju contacted Naresh Sharma from Jaipur, Rajasthan who in turn contacted Nilotpal Das and Subrajit Ghosal from Kolkata, West Bengal who had been the mastermind behind the fake bank guarantee document racket operating from Kolkata, West Bengal,” the official said.

    “Nilotpal Das reached out to the company through his friend Naresh Sharma and supplied fabricated bank guarantee documents by charging a 14 percent commission on the BG amount. Each person in this network takes a percentage of the commission. Nilotpal Das and Subrajit Ghosal prepared 12 fake bank guarantee documents for a total worth of Rs. 3.25 crores by using fabricated letters in the name of IndusInd Bank, Park Street Branch, Kolkata, West Bengal, and collected Rs. 47 Lakhs as commission for this work,” said Sneha Mehra.

    Nagaraju also took two cheques worth Rs. 1.1 Crore as security from Harshitha Infra Engineering Pvt Ltd. The company submitted them to Karimnagar Smart City Corporation Ltd and the Director of Municipal Administration, Hyderabad. The advocate had created a fake website and fake name of the IndusInd Branch.

    “When the concerned authorities cross-checked by sending email to the website specified on the bank guarantee documents, the accused responded by sending return fake mail confirming the genuineness of the documents. But when the hard copies of the documents were sent to the specified address for verification, the IndusInd Bank authorities identified them as fake documents and reported the matter to the Police, the DCP added.

    Nilotpal Das and Subhrajit Ghosal prepared fake bank guarantee documents on several occasions in the past in the name of IndusInd Bank and other banks in different states. During the preliminary investigation, it was found that the accused Nilotpal Das and Subhrajit Ghosal have prepared about 60 fake bank guarantees worth Rs. 45 Crores of IndusInd Bank, Bank of India, and Punjab National Bank, and the same has to be probed further.

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    ( With inputs from www.siasat.com )

  • State Bank of Pakistan’s forex reserves fall by $923 mn

    State Bank of Pakistan’s forex reserves fall by $923 mn

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    Islamabad: The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by $923 million last week.

    During the week ending on January 20, the total foreign exchange reserves of the Pakistani central bank fell to around $3.67 billion, the central bank said in a statement on Thursday night.

    The decrease was “due to external debt repayments”, Xinhua news agency quoted the statement as saying.

    Net foreign reserves held by commercial banks came at $5.77 billion, it said.

    Total liquid foreign reserves held by the South Asian country stood at about $9.45 billion, according to the SBP.

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    #State #Bank #Pakistans #forex #reserves #fall

    ( With inputs from www.siasat.com )

  • Arab League, Egypt condemn deadly Israeli raid in West Bank

    Arab League, Egypt condemn deadly Israeli raid in West Bank

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    Cairo: Arab League Secretary-General Ahmed Aboul Gheit condemned in the “strongest terms” an Israeli raid on Jenin city and Jenin refugee camp that reportedly killed at least nine Palestinians.

    Aboul Gheit follows the development in the occupied territories with great concern and calls for the international community to protect the Palestinian people, Xinhua news agency reported, citing an Arab League statement.

    The state of indifference encourages the occupying forces to commit more crimes under the leadership of a government with hardline plans, Gheit said.

    Meanwhile, the Egyptian Foreign Ministry said in a statement that the raids on the Palestinian cities, which threaten the security in the West Bank, must stop immediately.

    The ministry warned against the dangerous repercussions of such assaults on the security and stability of the occupied territories.

    According to the Palestinian Health Ministry, Israeli soldiers on Thursday “killed at least nine Palestinians, including an elderly woman, and injured 20 others, four of whom are in critical conditions, in the Jenin refugee camp in the northern West Bank”.

    (Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)

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    #Arab #League #Egypt #condemn #deadly #Israeli #raid #West #Bank

    ( With inputs from www.siasat.com )

  • 2 rockets fired from Gaza at Israel after deadly West Bank raid

    2 rockets fired from Gaza at Israel after deadly West Bank raid

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    Jerusalem: Two rockets fired from Gaza at southern Israel were intercepted by the Israeli aerial defence systems early on Friday, following the killing of nine Palestinians by Israeli soldiers earlier.

    No injuries and damage were reported.

    The rockets, fired just after midnight between Thursday and Friday, triggered sirens in the southern city of Ashkelon and the communities of kibbutz Zikim and Karmia, Xinhua news agency reported, citing a statement by the Israeli military spokesperson.

    “Two rockets were fired from the Gaza Strip,” the spokesperson said. “The rockets were intercepted by the IDF Aerial Defence Array.”

    No group immediately assumed responsibility for the rockets.

    Tensions were simmering after Israeli forces killed nine Palestinians, including a 61-year-old woman, in the Jenin refugee camp in the occupied West Bank on Thursday morning. The army said the raid was carried out to foil “a terror squad” that planned an attack against Israelis.

    (Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)

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    ( With inputs from www.siasat.com )

  • Status of 2-day nationwide bank strike will be known on Jan 27

    Status of 2-day nationwide bank strike will be known on Jan 27

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    Chennai: The status of the two-day strike announced by the bank unions will be known on January 27 when another round of conciliation meeting between the unions and the management will be held.

    “The strike call for January 30 and 31 stands. At the conciliation meeting held by Deputy Chief Labour Commissioner in Mumbai on Tuesday, no concrete assurance on resolution of our demands emerged. On the other hand, the Indian Banks’ Association (IBA) said it was ready to hold discussion with the United Forum of Bank Unions (UFBU) within 15 days,” C.H. Venkatachalam, General Secretary, All India Bank Employees’ Association (AIBEA) told IANS.

    According to him, the next round of conciliation meeting is posted on January 27 and as such the strike call stands.

    The strike if it happens will be ahead of the Union budget to be presented by the Finance Minister Nirmala Sitharaman on February 1.

    The UFBU is an umbrella body of several bank unions which had earlier decided to go on strike to press their various demands.

    The strike is to press for the following demands: five days banking, updation of pension, residual issues, scrapping of National Pension System (NPS), immediate starting of negotiation on charter of demands for wage revision, and adequate recruitment in all cadres.

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    ( With inputs from www.siasat.com )

  • JK Bank Mets Rs 312 Cr In Q3

    JK Bank Mets Rs 312 Cr In Q3

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    SRINAGAR: Jammu and Kashmir Bank’s net profit witnessed a 79 per cent rise on a year-on-year (YoY) basis to Rs 311.59 crore for the December quarter of fiscal 2022-23. In the same quarter, last year, the profits were at Rs 173.95 crore.

    Cash Counting 1 e1648743725159
    A man shows new Rs 2000 currency after exchanging old Rs 500 and 1000 denominations at Srinagar on Thursday 11 November 2016. KL Image Bilal Bahadur

    The bank announced the results after its Board of Directors reviewed and approved the numbers for the third quarter and nine months ended December 31, 2022, in a meeting held today at Bank’s Gurugram Office in Delhi.

    Bank officials said they are on the anticipated trajectory to meet annual profit targets. The bank’s profit for nine months is up 85 per cent to Rs 721.05 crore from Rs 389.36 crore recorded during nine months of the last fiscal.

    The Bank’s Net Interest Income (NII) surged by 27 per cent YoY to Rs 1257.38 crore for the December quarter when compared to Rs 993.30  crore recorded last year, while growing 19 per cent YoY for nine months to Rs 3495.73 crore. The Bank’s Operating Profit grew by 65 per cent YoY to Rs 544.11 crore for the December quarter, of 2022.

    The Bank’s NIM has also improved by 54 basis points (bps) YoY to 4.10 per cent – the highest in the last seven years – while as the Return on Assets rose to 0.92 per cent for the December quarter from 0.57 per cent recorded last year. With Yield on Advances improving by 90 bps to 9.34 per cent, the Bank’s steadily moderating cost-to-income ratio has come down further to 63.71 per cent for the third quarter.

    The Gross NPA Ratio of the Bank has further come down 168 bps YoY and 42 bps QoQ to 7.25 per cent for the quarter, while as the Net NPA ratio has moderated YoY by 94 bps to 2.08 per cent. The provision coverage ratio (PCR) of the Bank stood at 84.83 per cent for the quarter that ended in December 2022.

    The top bank executive said they have brought down our Net NPAs to 2.08 per cent, which is the lowest in the last eight years.

    Meanwhile, the Bank’s net advances are up 14 per cent YoY and 4 per cent QoQ to Rs 77639 crore during the quarter reviewed while as the deposits have grown 8 per cent from Rs 109298 crore to Rs 117935 crore. However, the Bank witnessed 21 per cent YoY growth in advances in its operational geographies across Rest-of-India (RoI).

    The Bank’s overall business increased by 10 per cent to Rs 195574 crore from Rs 177664 crore recorded last year while as the Bank’s CASA Ratio continues to remain one of the industry’s best at about 54 per cent.

    With the tier-II capital augmentation of over Rs 1000 crore, the bank’s Capital Adequacy Ratio rose up to 13.82 per cent as against 12.38 per cent recorded as on December 31, 2021.

    The capital augmentation through the raising of tier-II bonds worth Rs 1021 crore during the December quarter has cushioned the bank to comfortably execute its envisaged growth plan, especially in the rest of India. Bank’s CRAR has improved to 13.82 per cent.

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    ( With inputs from : kashmirlife.net )

  • Palestinian killed for trying to stab Israeli guard in West Bank

    Palestinian killed for trying to stab Israeli guard in West Bank

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    Ramallah: A Palestinian was killed by Israeli soldiers after he tried to stab an Israeli security guard near the West Bank city of Ramallah, Palestinian and Israeli sources said.

    The Palestinian Health Ministry on Saturday said in a statement that it was informed Tariq Maali, 42, was killed northwest of the city, and that his body is being held by Israeli security.

    The statement did not give more details about the incident, Xinhua news agency reported.

    Meanwhile, Israeli media reported that a Palestinian carrying a knife tried to stab an Israeli security guard, adding that Israeli soldiers in the area opened fire at the Palestinian man.

    Since early January, tensions between Israelis and Palestinians have been flaring. Nearly 20 Palestinians have been killed, and dozens injured by Israeli soldiers since January 1, according to the Palestinian Health Ministry.

    (Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)

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    ( With inputs from www.siasat.com )

  • Lingayat vote bank appears shaky for ruling BJP in north Karnataka

    Lingayat vote bank appears shaky for ruling BJP in north Karnataka

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    Bengaluru: The north Karnataka region known for harmony and peaceful co-existence plays an important role in shaping the political scenario of the state.

    Consisting of 13 districts, the voting pattern has seen a paradigm shift. The region, which was a Congress bastion, is now rallying behind the state’s ruling BJP.

    The BJP wins a major chunk of seats from north Karnataka and Congress is struggling to return to its days of glory. The JD (S) has managed to show its existence. It appears, though, that cracks have developed in the Lingayat vote bank this time, giving an opportunity to the Congress.

    Among the 224 Assembly seats, the region has more than 100. A major chunk of seats are won by the BJP.

    After the elevation of Mallikarjun Kharge as the Congress President, the party is hoping to make a comeback.

    Political analysts explain that Opposition leader Siddaramaiah and Kharge’s combination will make magic for the party in north Karnataka region.

    The ruling BJP in the state draws its core strength from north Karnataka and garners a major chunk of seats from the region.

    Lingayat votes, which play an important role in elections in the region, were garnered by the BJP under the leadership of former Chief Minister B.S. Yediyurappa, a Lingayat strongman.

    However, the ensured vote bank appears to be shaky this time.

    A change of guard in the leadership, hostile posture of Lingayat seer Basava Jaya Mrutyunjaya Swamiji of Panchamasali sub sect, a war of words between senior BJP leaders of the region seems to affect the ruling BJP.

    Gali Janardhana Reddy’s new party Kalyana Rajya Pragathi Paksha is also likely to pose a challenge to both Congress and BJP.

    Janardhana Reddy has stated that in spite of national parties not attaching any importance, his party would make an impact in the upcoming Assembly elections.

    The Kalyana Rajya Pragathi Paksha is likely to disturb national parties in Kalyan Karnataka region comprising districts of Raichur, Koppal, Kalaburagi, Bidar, Yadgir, Ballary and Vijanaynagara.

    Basava Jaya Mrutyunjaya Swamiji has attacked Chief Minister Basavaraja Bommai for failing to give reservation for Panchamasali sub sect under OBC quota. Vijayapura BJP MLA Basanagouda Patil Yatnal stated that it is a failure on part of Bommai and he has disappointed the community.

    Minister for Large and Medium Industries Murugesh Nirani had charged that the Lingayat seer is acting on the behalf of the Congress.

    However, the agitation for reservation is being taken up for years and the issue is likely to hit the prospectus of BJP in the upcoming elections, say analysts.

    The BJP has got a shot in the arm by approving DPR for Kalasa-Banduri project which will mitigate the drinking water problem in major districts of north Karnataka.

    The Congress has also organised a massive rally for speedy implementation of the project.

    Meanwhile, Prime Minister Narendra Modi’s visit to Kalaburagi and Yadgir districts this month and laying the foundation stone and inauguration of more than Rs 10,000 crore for development works in the region is seen as an attempt to outreach to the people of North Karnataka.

    The BJP is expecting a boost in 41 constituencies of the region.

    Experts say that this time, it won’t be a cake walk for the saffron part in north Karnataka. However, the BJP camp is upbeat and confident that the Hindutva agenda will work for them.

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    ( With inputs from www.siasat.com )