innovationinbanking

The famed Lalbagh Flower Show is back in action. Please carry CASH for entry tickets to the 200 th episode of Lalbagh Flower Show 2014              Karnataka’s Chief Minister Siddaramaiah will inaugurate the show on 08/08/2014.             As usual the common people (AAM AADMI) have to shell out money as entrance tickets.             This year too, only hard cash will be accepted for entry tickets. Mobile money or other types of eMoney will not be accepted.             However as a consolation, ticket-holders will be treated to a grand spectacle of Mysore Palace crafted out of 3 lakh roses. Red/Yellow and White roses  from Bangalore and Doddaballapur will form part of the flower Mysore Palace.       ...

            Syndicate Bank is suddenly in the news for the last two days. They say one way to attain fame, is to become notorious.             Over the years the Bank has won numerous awards. The feather in the cap was when  ‘Andhra Pragathi Grameena Bank’,  (sponsored by SyndicateBank) was selected by the A.P. Govt. as the Best Bank in the State in the field of agriculture financing.             Syndicate Banks everlasting contribution to Indian banking is the introduction of Pigmy Deposit Scheme .             Buoyed by the success of Pigmy Deposit Scheme, over the years, many other banks adopted the same.             Today, to safeguard its interests and its customers interest Syndicate Bank r...

            Till Mid-July 2014, UIDAI has received 73.71 crores applications for issuance of Aadhaar numbers. After final scrutiny of the Data, a total of 8.45 crores applications were rejected by UIDAI.             Finally, 64.05 crores Aadhaar Numbers were generated by UIDAI.             One of the main reasons for rejection of Aadhaar applications is the submission of multiple applications by the same applicant. It has been observed that the same applicant after waiting for his/her Aadhaar number reapplies if the Aadhaar number has not been received for a considerable time.             The UIDAI website clearly states that in case of any rejection, the reason for rejection along with steps to be taken post rejection will be communicated to the resid...

            In a move to broad base its catchment area, HDFC Group has finalized the location for its first school.             Sector 57-Gurgaon will have the privilege of having the country’s first HDFC school, which will be run by the housing finance major's wholly-owned subsidiary HDFC Education and Development Services. Though the school will start functioning only from next academic year (2015-16), it will accept admissions for nursery to standard III from this month. The HDFC School will have classes up to standard 12. The fees structure is not yet made public but there are indications the school will positioned as ‘international school,’ with monthly fees upto  Rs10,000/-. HDFC Education and Development Services was formed last November. The background preparations were going for the last two years, and HDFC was  in talks with real estat...

                         TTD ( Tirumula Tirupati  Devasthanams) is the official Board which manages the activities in the India’s richest temple i.e Lord Sri Venkatewara(also called Lord Srinivasa) temple on the Tirumala hillock.             There is a never ending stream of visitors to seek the Lord’s blessings. eDarshans are available but majority of the pilgrims prefer to soak in the religious atmosphere on the hillock.             Traditionally, on fulfillment of vows pilgrims make their offerings at the temple hundi. Over the years, the rich and mighty prefer to offer GOLD to the Lord.             To safeguard the gold, periodically the Gold is deposited with Banks. After a gap of two years, the TTD made a whoppi...