Business Standard
Saturday, Nov 21, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
|||Banking & Finance|||||| 
 Section Home | News Now | Today's Paper | Columnists | BS Says | Money & Forex Markets | Q&A | Bank | Insurance | Monetary Policy | Banking Annual
Home > Banking & Finance Live Markets | Smart Portfolios II
  Search:

CCBs receive Rs 656 crore under DRS
BS REPORTER / Kolkata/ Berhampur November 10, 2008, 22:29 IST

The Central Cooperative Banks (CCBs) in Orissa have recently received about Rs 656.70 crore towards claims under Debt Relief Scheme (DRS) of 2008, announced by the Centre.

The amount received by the CCBs in the state is almost 50 per cent of the total claims by all the 17 CCBs under the scheme and this amount was released to the respective banks last week by the Centre. The total amount of debt waiver under DRS of all the CCBs in the state was estimated at Rs 1,313. 41crore. 

With the release of the amount by the Centre under the DRS scheme, the CCBs have got relief from financial burden, said a senior officer of Orissa State Cooperative Bank , the bank monitoring the CCBs in the state. The Centre had announced the release of about 50 per cent of the total debt relief amount to the banks in the wake of meltdown in the market. 

CCB, Cuttack received the highest amount of Rs 128.07 crore under the scheme, followed by Anugul at Rs 58.16 crore and Sambalpur (over Rs 57 crore).

Similarly, CCB Aska has got Rs 20.55 crore as against its total claim of Rs 41.10 crore while the CCBs in Balasore and Banki got Rs 55.31 crore and Rs 15.26 crore respectively.

CCB, Berhampur received Rs 42.67 crore as against its total claim of Rs 85.34 crore, while the CCBs in Bhawanaipatna, Bolangir and Boudh got Rs 10.26 crore, Rs 52.80 crore and Rs 18.29 crore respectively. 

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- Bharati to go by Sebi norms on Great Offshore offer
- Galleon exits Edelweiss; sells 7% stake for Rs 255.54 cr
- Suzlon Energy's three promoters pledge 2.8 cr shares
- Draw export strategy of $300 bn: Assocham to govt
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Bharti Airtel slashes roaming rates by 60%
- Govt may allow private sector investment in education
- Patni may host all IT services on 'cloud'
- We are not trying for a monopoly: HAL chairman
- Rolls-Royce scouts for second partner
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should rich charitable trusts be brought under the tax net?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback