The Bank of Baroda (BoB)’s credit deposit (CD) ratio in Gujarat has seen a noticeable improvement in recent times. The CD ratio of the bank has increased from 37% to 46%. Speaking to Express News Service, Anil Khandelwal, chairman, Bank of Baroda, said that sustained efforts of the bank have helped it to improve its CD ratio.
Providing more details, GG Joshi, general manager, Bank of Baroda, in Gujarat, said that if business with those units, which have their head offices outside Gujarat, but with production units in the state, was included, the CD ratio of the bank worked out to be around 50%.
The bank’s CD ratio in Gujarat was at 37.45% as on March 2006, which increased to 46.42% by the end of March 2007. The bank registered a growth of 10% in one year and the gross CD ratio has also increased to 56.19%.
BoB registered a total Rs 19,460 crore of deposits in Gujarat and extended credit worth Rs 7,287 crore by March 2006. However, by the end of March 2007 the total deposit with the bank in Gujarat stood at Rs 22,810 crore as against a credit of Rs 10,119 crore.
The bank’s credit to the agriculture sector has also increased from Rs 1,236 crore in March 2006 to Rs 1,867 in March 2007. Similarly, the bank extended loans worth Rs 2,076 crore to small and medium-scale enterprises in March 2007, which was at Rs 1,583 crore in March 2006.
Courtesy : Expressindia.com
BoB’s CD ratio goes up in State
June 21, 2007, 9:50 amBSNL to add 1 lakh broadband connections in Ahmedabad
June 21, 2007, 9:46 am
Public sector telecom giant Bharat Sanchar Nigam Ltd’s (BSNL) Ahmedabad Telecom District has set an ambitious target of providing 1 lakh broadband connections in the city during 2007-08. There is a good demand for broadband connections in Ahmedabad, especially when tariffs have come down drastically over a period of time.
The telecom major already has 30,000 broadband connections in Ahmedabad. The company has already ordered equipment and has also kicked off the installation of D-Slam equipment at various locations in Ahmedabad.
The company is also planning to offer triple play services to its broadband customers, which includes voice, data and video services. However, these services will not be provided by BSNL directly to the customer and it may bring in a private sector content provider to offer voice, data and video content.
In a recently held meeting of the Ahmedabad Telecom District’s newly constituted Telecom Advisory Committee, officials and other members were appraised of BSNL’s target of providing 1 lakh broadband connections in Ahmedabad.
The committee also discussed at length, other plans of the company, which also include covering the entire city under a Wi-Fi network, which will be launched in the next quarter.
Courtesy : Expressindia.com
The telecom major already has 30,000 broadband connections in Ahmedabad. The company has already ordered equipment and has also kicked off the installation of D-Slam equipment at various locations in Ahmedabad.
The company is also planning to offer triple play services to its broadband customers, which includes voice, data and video services. However, these services will not be provided by BSNL directly to the customer and it may bring in a private sector content provider to offer voice, data and video content.
In a recently held meeting of the Ahmedabad Telecom District’s newly constituted Telecom Advisory Committee, officials and other members were appraised of BSNL’s target of providing 1 lakh broadband connections in Ahmedabad.
The committee also discussed at length, other plans of the company, which also include covering the entire city under a Wi-Fi network, which will be launched in the next quarter.
Courtesy : Expressindia.com
Amul to open 10,000 parlours by 2010
June 21, 2007, 9:44 am
Fresh after crossing the billion dollar revenue mark, the Gujarat Cooperative Milk Marketing Federation is planning to roll out about 10,000 Amul parlours in next three years.
To better the private retail players, the federation has even roped in designers from National Institute of Design (NID) to design its parlours, set to come up in various locations, including corporate offices, educational institutes or high-street areas.
"The time has come for us to make direct contact with the consumers and to ensure that we are not exploited or squeezed out in the market by the big retail players like Big Bazaar or Reliance, GCMMF will open 10,000 Amul parlours by 2010,” GCMMF Chairman and General Manager R S Sodhi told PTI.
An Amul parlour is a single retail outlet, which offers the entire range of products from the federations’ portfolio like milk, cheese, butter, ice creams, beverages, other milk products and pizzas.
Currently, around 1,100 outlets are already operational across India. GCMMF is now adopting an aggressive strategy to take the number up to 3,000 by the end of this year and eventually reach 10,000 by 2010 to penetrate deeper into the potential markets.
The federation has also started the process to choose franchises across the country.
"We started advertising in the media, specially the vernacular press, in April and have received a very good response as these parlours offer a viable and promising business proposition,” Sodhi said.
He said even the mom and pop stores, who are under threat because of big stores coming up in huge numbers, have shown interest as “one single Amul parlour can give average return of Rs 10,000 per month”.
While, initial investment of Rs one lakh to 1.5 lakh is needed to open a parlour, he added.
"We have already joined the $one billion club and have set a target of $2.5 billion by 2010,” Sodhi said.
He said the federation was looking at achieving the set target driven by the sale of its branded milk Amul, increased number of Amul parlours and exports.
Courtesy : Expressindia.com
To better the private retail players, the federation has even roped in designers from National Institute of Design (NID) to design its parlours, set to come up in various locations, including corporate offices, educational institutes or high-street areas.
"The time has come for us to make direct contact with the consumers and to ensure that we are not exploited or squeezed out in the market by the big retail players like Big Bazaar or Reliance, GCMMF will open 10,000 Amul parlours by 2010,” GCMMF Chairman and General Manager R S Sodhi told PTI.
An Amul parlour is a single retail outlet, which offers the entire range of products from the federations’ portfolio like milk, cheese, butter, ice creams, beverages, other milk products and pizzas.
Currently, around 1,100 outlets are already operational across India. GCMMF is now adopting an aggressive strategy to take the number up to 3,000 by the end of this year and eventually reach 10,000 by 2010 to penetrate deeper into the potential markets.
The federation has also started the process to choose franchises across the country.
"We started advertising in the media, specially the vernacular press, in April and have received a very good response as these parlours offer a viable and promising business proposition,” Sodhi said.
He said even the mom and pop stores, who are under threat because of big stores coming up in huge numbers, have shown interest as “one single Amul parlour can give average return of Rs 10,000 per month”.
While, initial investment of Rs one lakh to 1.5 lakh is needed to open a parlour, he added.
"We have already joined the $one billion club and have set a target of $2.5 billion by 2010,” Sodhi said.
He said the federation was looking at achieving the set target driven by the sale of its branded milk Amul, increased number of Amul parlours and exports.
Courtesy : Expressindia.com
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