Centurion Bank is recruiting team leaders, sales officers and telemarketing executives.
Centurion Bank advanced on Thursday on reports that the Bank of Muscat received approval from the Central Bank of Oman to buy equity in private sector bank
Centurion Bank Ltd said it hasnt taken any decision on the proposal received from Sabre Capital Worldwide Inc.
The Centurion Bank expects to come out of the red this fiscal and targets to double its assets to over Rs 7,500 crore (Rs 75 billion) by 2004-05, after the capital infusion of about Rs 219 crore (Rs 2.19 billion) from its strategic partners.
The Reserve Bank of India has approved the merger of Centurion Bank and Bank of Punjab to be effective from October 2005.
Centurion Bank will come up with a rights issue worth Rs 91 crore (Rs 910 million) on July 23, which would raise its capital base to Rs 288 crore by September end this fiscal.
Indian golfer Pranavi Urs showed improvement in the second round of the VP Bank Swiss Ladies Open, moving to T-24. While Urs progressed, fellow Indian golfers Tvesa Malik and Diksha Dagar faced challenges, with Dagar at risk of missing the cut. Sweden's Kajsa Arwefjall leads the tournament, maintaining a strong performance.
Former India and Irish cricketer M V Narasimha Rao said the young Vaibhav Sooryavanshi reminds him of the legendary Gary Sobers.
Oman's Bank Muscat, the Gulf Arab state's biggest, said on Saturday it had bought a 26 per cent stake in India's Centurion Bank.\n\n\n\n
Centurion Bank is looking for Team Leaders, Senior Sales Officers, Sales Executives / Sales Officers and Telemarketing Executives.
The board has approved the share swap ratio of one share of Rs 10 each of HDFC Bank for every 29 shares of Re 1 each held in Centurion Bank of Punjab, HDFC Bank said in a filing to the Bombay Stock Exchange.
Two midcap banking stocks have been on a roll; Centurion BoP on the news of its merger with Lord Krishna Bank merger, and IndusInd Bank, which might be looking at a foreign buyer.
A day after applying for a bank licence, Aditya Birla Group chairman Kumar Mangalam Birla on Wednesday said the new bank licence norms announced by the Reserve Bank are not discriminatory towards large corporate houses.
It's been bright times for banking sector stocks, ever since the passage of the Securitisation Act in November 2002.
Washington-based International Finance Corporation is likely to invest in more private banks in India, including Kotak Mahindra Bank, although it has cut exposure in Centurion Bank and Global Trust Bank.
HDFC Bank had opened multiple demand accounts which were used for manipulation of the IPO allotment process in the last few years, but those were not held in benami names.
The government will soon come up with detailed guidelines for private banks including hike in the foreign holding from 49 to 74 per cent and allowing foreign banks to set up subsidiaries in the country.
Shareholders had already approved his appointment in 2015 for a period of five years subject to RBI approval
HDFC Bank, which is set to overtake India's largest private sector bank ICICI in branch network by merging Centurion Bank of Punjab with itself, is now keen to expand overseas to tap the non-resident Indian market. "We have applied for licences in Bahrain and Hong Kong. We have a representative office in Dubai, while CBoP has one in Canada," HDFC Bank Managing Director Aditya Puri said.
HDFC Bank's track record of consistent growth with high profit margins and robust risk management systems bode well for the future.
On Monday, RBI announced that 26 entities, including Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital, L&T Finance and Bajaj Finserv, applied for grant of bank licences.
India has 26 public sector banks, 22 private sector banks and 56 regional rural banks.
Kotak Mahindra Bank's acquisition of ING Vysya Bank is the country's first ever amalgamation of a profit earning entity post the global financial meltdown in 2008.
The national selectors on Sunday retained the Indian team, which hammered Bangladesh by 280 runs in the opening Test here, for the second and final match in Kanpur.
