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Once the objective is clear, those willing to meet it will apply," Duggal added. Another major corporate house, the Aditya Birla group, said it will await clarity from the central bank on the issue. So, it is too early to talk about it. We will wait for more clarity on this issue," said Ajay Srinivasan, business head for financial services at Aditya Birla Nuvo. Sign in Create a Rediffmail account. February 28, IST. Get Rediff News in your Inbox: email.
What is the procedure for effecting change of address? How many nominees can be nominated? Nomination can be made in favor of only one person. Can a minor be nominated? Can a nominee be changed? Yes at the discretion of the depositor. How many surities are required? Two surities of reasonable networth are required.
What are the features of Shriram Bank Fixed Deposit? Flexible term, user friendly interest payment mode, Cumulation of interest if required. What is the minimum deposit amount required for opening a FD account?
What is the multiple in which I can open a FD account? At that time Nagpur was emerging as a major industrial city and there was a huge credit gap as per the reports prepared by the lead district bank Bank of India.
Due to the inadequate banking facilities as the number of co-op banks operating in the region was few in number. There was also a boosting demand for credit to housing sector also. Hence, the opening of Shriram Bank was welcomed by one and all and there was tremendous response while collecting the share capital.
As the work progressed this premises was found to be inadequate and hence the bank shifted its office on 12th May, to 21, Geeta Bhavan, Dongre Layout, Shraddhanandpeth, Nagpur. The bank was fully computerized on 1st August, As the business expanded the bank shifted its administrative functions by transferring its head office on In the year safe deposit lockers were installed at the Shraddhanandpeth Branch.
The Gandhibagh branch of the bank was opened on 19th Feb. During the year the bank received the permission to open two new branches namely Pratap nagar and Manewada. Of these two, Pratapnagar branch was opened on 14th January, and Manewada branch was opened on 4th Feb,
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