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Indian banking sector is incomplete without addressing the needs of rural India. The Catholic Syrian Bank was established as a result of the Swadeshi Movement, in 1920 at Thrissur , and has 80% of its operations in semi-urban and rural areas of India, with more than 75 percent clientele from weak economic backgrounds. Though through the first 20 years of its functioning, the bank concentrated its operations only in Kerala, it presently has 364 branches spread all across India. The Catholic Syrian Bank takes seriously its activities on the Corporate Social Responsibility front, and has started many specialized schemes for providing financial services to small scale industries, entrepreneurs, agriculture workers and road transport operators. On the other hand, the bank is expanding its investments in capital market and money market. Also giving priority to research, the Catholic Syrian Bank is working towards an in house equity research wing. Apart from these, it provides all banking and finance services like Deposits, Credit Services, NRI services, RTGS, NEFT, International money transfer, Insurance, Internet and Mobile banking etc. along with saving schemes for student support and...more
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WASHINGTON "" The current strong gains in hiring makes the Federal Reserve policymakers worried that it could buzz if the economic growth of the US doesn"t go up.According to the Fed"s minutes on Tuesday, members were first stated their concerns...more
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