IDBI sets aside Rs100 crore for hotel projects
Chennai: IDBI has set aside Rs100 crore for upgrading and modernisation in hospitality industry projects and said it has speeded up disbursement of funds.

The bank has also decided to take rigid steps like concurrent audit to reduce the number of NPAs.

The bank had also been successful in corporate debt restructuring and 80 per cent of its debt has been restructured.
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Corporation Bank puts thrust on rural development
Mangalore: Corporation Bank is emphasising rural development programmes and `innovative technology-driven' products during its centenary year. The bank recently inaugurated year long centenary celebrations on March 12.

Among its focus on rural development will be a thrust on education. The bank is also introducing `Corp Kisan Card', a debit card for farmers.

Corporation Bank is also planning to set up a `high-tech' public library in Mangalore. This library will house a research-cum-study centre, a yoga centre, and a numismatic museum.

The total business of the bank stood at Rs40,540 crore as on December 31. The aggregate deposits and net advances stood at Rs24,174.59 crore and Rs16,366.35 crore respectively during the period.

The bank's net worth improved to Rs3,063 crore and capital adequacy ratio stood at 20.27 per cent. The net NPA, which came down by 20 basis points in the last one year, stood at 1.49 per cent.

The bank has 1,655 service outlets, including 773 branches. 361 branches have been brought under core banking solution network. The bank has been paying dividend continuously for the past 98 years.
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