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Mangalore: Transaction in Banks Crosses Rs. 20,120 cr

  •   Sun, May 31 2009 09:58:00 AM

Mangalore, May 31 (The Hindu): Banks in Dakshina Kannada district have transacted business of Rs. 20,120 crore up to March 2009, said K.U. Shanbhag, General Manager of Syndicate Bank, which is the lead bank in Dakshina Kannada. Stating this at the district consultative committee meeting for banking development here on Wednesday he said there were 393 bank branches in the district.

The total deposits at banks at the end of March stood at Rs. 12,756 crore and they advanced Rs. 7,364 crore. The deposits went up by 22 per cent and advances by 10 per cent in 2008-2009. P. Shivashankar, Chief Executive Officer, Dakshina Kannada Zilla Panchayat, spoke.

  

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Comment on this article

  • Max & Jessie Rasquinha, Mangalore/Houston, Tx

    Mon, Jun 01 2009

    Banks and the efficient banking systems have an important role to play in the stability of a town such as Mangalore that is turning into a vibrant city. Our Educational progress, our industrial advancement, our expansion of air port and sea port, and also our added focus on travel and tourism has a great deal of impact on our Banking industry. The money will continue to flow in the right direction with the help of the healthy banking community.

    Mangalore is built up with matured society comprising of entrepreneural community with diversity in trade and commerce. Our stability in the banking system will help us to maintain stability in our economic systems. We wish our Banking pioneers continued success in all their dedication to the healthy society that will enable Mangalore to grow and prosper in all kinds of daily endeavours in life.

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