Axis Bank to open 100 branches under RBS

Axis Bank Ltd plans to open 100 branches in the country, under its Rural Banking Strategy (RBS).

The bank plans to open 100 banks across India, including 25 more in Tamil Nadu. A few of its branches would be opened in Coimbatore, Erode, Namakkal, Salem and Tiruchirapalli districts this fiscal.

The bank would offer saving accounts exclusively at RBS branches with a minimum balance of Rs1,000 and offer a host of services like at-par cheque book, debit card, tele-banking, etc.

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COMMENTS

logachandar

6 years ago

site avilable in namakkal for axis bank in trichengode road

Gitanjali Q2 net profit zooms 52% to Rs 80 crore

Branded jewellery firm Gitanjali Gems reported a 52% growth in net profit at Rs80.04 crore for the quarter ended September 2010 compared to Rs52.74 crore in the corresponding period last year.

The company registered a sales growth of 43% at Rs2,509.71 crore for the second quarter against Rs1,757.73 crore in the same quarter of last fiscal, Gitanjali Gems said.

"The momentum in domestic market has been the biggest contributor to this growth," Gitanjali Gems managing director Mehul Choksi said.

Net profit for the six months ended September 2010 grew at 61.66% at Rs158.74 crore from Rs98.19 crore in the same period last year.

The company's net sales for the period witnessed a growth of 41% at Rs4,375.61 crore against Rs3,109.89 crore in the corresponding period of last fiscal.

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Honda Motorcycle to invest Rs1,000 crore in Andhra

Honda Motorcycle and Scooter India Ltd (HMSI), a subsidiary of Honda Motor Company, will soon set up its third two-wheeler manufacturing facility with an investment of Rs1,000 crore.

The company plans to set up the facility on 100 acres of land and has seen land in Medak and Nalgonda districts close to Hyderabad. 

Honda will invest Rs1,000 crore on the production facility in a phased manner of which Rs500 crore will come in the first phase.

Honda Motorcycle and Scooter India Ltd (HMSI), a subsidiary of Honda Motor Company, will soon set up its third two-wheeler manufacturing facility with an investment of Rs1,000 crore.

The company plans to set up the facility on 100 acres of land and has seen land in Medak and Nalgonda districts close to Hyderabad. 

Honda will invest Rs1,000 crore on the production facility in a phased manner of which Rs500 crore will come in the first phase.

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