Business Daily from THE HINDU group of publications
Friday, Nov 06, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, Nov 06, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Public Sector Banks Corporation Bank sees 50% rise in non-interest income Our Bureau Mumbai, Nov. 5 Corporation Bank is eyeing a 50 per cent jump in non-interest income in FY10 on the back of recently launched products and services such as supply chain management financing, government business (tax collection), and loan syndication. The bank, according to its CMD, Mr J.M. Garg, is expecting to earn Rs 650 crore by way of non-interest income in FY2010 as against Rs 438 crore in FY2009. Corporation Bank is marketing its recurring deposit (RD) scheme, which was launched about three months ago, in a big way to garner long-term resources of 5-10 years duration. Mr Garg said the bank has mobilised Rs 110 crore every month under the RD scheme. More Stories on : Public Sector Banks
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