E-donation facility

Corporation Bank has facilitated ‘e-Kanike/e-Donation’ service through its e-payment gateway for the benefit of the devotees of Sree Padmanabha Swami Temple, Thiruvananthapuram. A press statement by the bank said on Tuesday that the devotees across the world could just click in and offer donation or book for different ‘sevas’. S.R. Bansal, Chairman and Managing Director of Corporation Bank, inaugurated the ‘e-Kanike’ facility at the zonal office of the bank in Thiruvananthapuram in the presence of Lt Col S.R. Bhuvanendran Nair, Executive Officer of Sree Padmanabha Swamy Temple. Girdhar Shenoy and Lakshminatha Reddy, general managers of the bank, were present on the occasion.

The Bank is already having E-kanike/E-donation facility for following temples

Dharmasthala Sri Manjunatha Swami Temple  

Udupi Sri Krishna Mutt   

Kollur Sri Mookambika Temple                   

Indian Bank Q3 net down 20% as provisioning rises

Indian Bank has reported a 20% drop in net profit at Rs 264.50 Cr for the quarter ended December 31, 2013, against Rs 330.58 Cr in the corresponding previous-year period. T. M. Bhasin, Chairman and Managing Director of the bank, attributed the drop in net profit to additional provisions of around Rs165 Cr made towards pension fund and gratuity. The bank’s gross non-performing assets (NPA) grew to 3.42% (Rs 3,834.78 Cr) during the quarter, from 3.18% (Rs 3,180.12 Cr) in the same period of last year. The net NPA too rose to 2.25% (Rs 2,483.60 Cr) from 2.17% (Rs 2,141.86 Cr). However, Bhasin said the bank has made a robust recovery of 539 Cr during the quarter. The gross NPA has come down to 3.42%, from 3.76% for the quarter ended September 2013, aided by their sale to asset reconstruction companies. The bank has a provision coverage of 57.99%. During the quarter, non-performing assets aggregating to Rs 389.97 Cr (net of provisions) were sold to asset reconstruction companies for Rs 675.71 Cr. Bhasin said, in addition to the above, the bank has identified 19 large-value accounts (totalling around 300 Cr) to sell to ARCs.

SBI launches Youtube channel

Nation’s largest lender State Bank of India strengthened its social media presence with the launch of its channel on popular video sharing website Youtube and said it will also be launching its handle on the micro-logging site Twitter soon. “The YouTube channel is another platform that will enable us to connect with our customers. SBI will continue to spread its footprint on social media through the launch of platforms like Twitter, shortly,” Chairperson Arundhati Bhattacharya said in a statement. The YouTube channel, which follows a dedicated Facebook page launch in November, will initially have information about the bank’s products and services and its legacy to begin with and will gradually include philanthropic initiatives, it said in a statement. SBI, has over 200 years of history. It has over 15,000 branches and over 43,000 ATMs. The bank statement said the Youtube channel will help it connect with the young and technologically savvy customers.