State Bank of Patiala has opened another 7 new branches in the Bathinda and Jalandhar districts of the bank. The bank, a subsidiary bank of State Bank of India has taken this measure to boost its access in rural Punjab.
State Bank of Patiala has opened another 7 new branches in the Bathinda and Jalandhar districts of the bank. The bank, a subsidiary bank of State Bank of India has taken this measure to boost its access in rural Punjab.
Central Bank of India, which are the official bankers of Commonwealth games 2010, have launched pre paid cards meant for the players participating in the games and delegates for the current customers of the bank.
The country’s biggest two-wheeler manufacturer Hero Honda has introduced a new model of one of its best-sellers, Super Splendor, costing Rs 45,950 (ex- Delhi).
CIBIL and NHB are making active steps to lessen frauds connected with home loans. Both the companies have chosen to start a central registry of mortgaged homes. One of the prime causes for increasing number of bad loans was frauds in which the borrower took the loan by using fake documents.
Car loan lender IDBI Bank has removed the requirement for minimum balance on its current and savings accounts as well as majority of the service charges on these accounts. The bank has taken this step so as to boost its share of CASA deposits.
Personal loan lender, UCO Bank has obtained a 6 month extension from RBI for reaching the provision coverage ratio of 70%. The extension obtained by the bank is valid till March 31.
Banking giant, Citigroup is ready to play its part in the growth of Indian banking sector by continuing its concentration on microfinance and priority segments of the country such as financial inclusion and education sector, according to the bank’s CEO.
Allahabad Bank has announced a discount of upto 1% on loans as a festive bonanza. This step was taken by the bank in order to entice more customers.
The 2nd biggest private sector bank in the country, HDFC Bank has increased interest rates on car loans by around 25 - 10 basis points.
Personal loan lenders, Punjab National Bank and Union Bank have increased deposit rates by upto1% point on numerous maturities.
Indian hatchback market is on a high. It is rising at 35% per annum. It is dominated by Maruti Suzuki’s Swift, Hyundai i20, Volkswagen’s Polo, Skoda fabia and Ford Figo.
It may be awhile before home loan lender SBI finishes merging with all its subsidiary banks. The government is asking for a clear picture of the expense likely to be sustained for the rest of the mergers and others factors from SBI before taking a decision on the topic.
Car loan lender, Kotak Mahindra Bank has started a branch in Kozhikode, thus taking a step to increase its presence in Kerala.
The credit disbursal for banks has come to a slow down, according to O P Bhatt, Chairman, SBI. He also said the present growth rate of 19 - 20% is not adequate for increasing interest rates.
Personal loan lender, Kotak Mahindra Bank has launched a new credit card, called as the Kotak NRI Credit Card.
Home loan lender, HDFC Bank has expressed its aims of starting another 150 to 200 branches throughout the country by the end of this fiscal, according to a senior bank official.
Public sector company, Power Finance Corporation (PFC) is aiming to venture into banking sector after the discussion paper on new banking licenses was released by the Reserve Bank of India.
The 2nd biggest public sector bank in the country, Punjab National Bank has introduced an online remittance service for NRIs called as PNB NRI REMIT-India’. The service would allow sending money from US to India.
Car loan lender State Bank of Mysore, a subsidiary of State Bank of India has launched an excellent crop loan scheme for farmers. In this scheme, the farmers will have to pay an interest of just 2%. A senior official of the bank said this is the first instance of any bank charging such a [...]
The board of personal loan lender J&K Bank has asked for help from Reserve Bank of India about the selection of a committee to choose the new CEO for the bank. The bank requires a new CEO as the earlier CEO, Haseeb Drabu has resigned. The bank has proposed that till the next CEO is [...]
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