Syndicate Bank - Give a missed call to know your bank balance

Syndicate Bank has introduced such a facility for its customers. Shri T.K. Srivastava, ED, said that the bank launched the facility of missed-call to its customers a month ago. After giving a missed call to a dedicated number, the customer will get his/her balance amount in the account as an SMS, he said. The customer will not be charged for the facility. To a query on the reason for starting this service, Srivastava said a majority of the calls to the call centres are made to know the balance amount. Sometimes the call is put on hold for a few minutes. This leads to waste of money and time of the customer. Considering this, the bank came up with the idea of introducing the missed-call service, he said adding that the customers will have to follow the procedures related to SMS banking.

IndusInd Bank Q3 Result

The first banking result of Q3 is out with IndusInd Bank reporting a 30% increase in 3^rd quarter net profit at Rs 347 Cr against Rs 267 Cr in the corresponding quarter of the previous year. Despite an increase in bad loans, profit rose on account of robust growth in loans and fee income. The private sector bank logged 26% growth in net interest income at Rs 730 Cr. Other income grew 35% to Rs 480 Cr (from Rs 356 Cr) on account of growth in fee income (up 30%) and forex income (58%). 

Corporation Bank signs pact with Geojit for integrated account

 

 

 

Corporation Bank has signed an MoU with Geojit BNP Paribas to offer bank’s customers with the facility to seamlessly open 3-in-1 integrated accounts. This comprises a bank account, a demat account and a trading account with Geojit BNP Paribas. The agreement was inked in keeping with the company’s policy of building reach through partnerships with reputed banks. The MoU was signed by B.N. Shenoy, General Manager, Corporation Bank, and Satish Menon, ED of Geojit BNP Paribas. With this agreement, Corporation Bank’s retail clients will now have access to an uninterrupted, hassle-free online trading platform for equities, derivatives, IPOs and mutual funds. According to Shenoy, the signing of the MoU is an important step to have a seamless integration of wealth management products on offer to its over 1.8 Cr customers. He said the coming together of a 108-year-old bank and a reputed stock broking firm such as Geojit BNP Paribas would enable its customers to enjoy money market as well as capital market experience with delight.