Money wise guy and his musings
Credit cards have always fascinated Vaibhav, who since his early days in the college have aspired to become a part of this mainstream media. Finding blogging as the perfect platform, Vaibhav puts his views on various personal finance topics especially, the wise use of the plastic. A Delhi University graduate, Vaibhav blogs regularly at
By Vaibhav Aggarwal

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Tuesday, October 21
Himachal cooperative bank to launch new branches

It has been informed that Himachal cooperative bank will launch four new banking branches and 9 extension counters. To assist the people in the unprivileged and rural areas the bank wanted to extend its services over there.

Chief Minister Mr.Virbhadra Singh has asked the bank to facilitate the more enhanced banking services through the business correspondents, mobile vans and branch networks. The bank has received approval from the apex bank to establish the branch...

Posted 11:31:26 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 20
16 new branches of Andhra bank in Kochi to be launched soon

Andhra Bank has planned to expand its network with the establishment of new branches in Kochi. The bank has unveiled its decision to launch 16 new branches in the state, including six in the Ernakulam district. The bank wanted to have a total number of 42 branches in the state by the end of March next year.

With the intent to increase the revenue generation the bank will now more focus on gold loan, MSME,...

Posted 11:35:17 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 20
E-mandate facility launched by Corporation bank

Corporation bank has launched a new ‘e-mandate’ service to support the huge amount of repetitive payments. The bank wanted to offer the platform to the utility companies for monthly subscriptions/bill payments and other finance companies for instalment payments; education institutions for school fee payment; and manufacturing companies.

The facility is launched by the Chairman and managing director of the bank Mr. S R Bansal. The activities under the E-mandate service are collection of mandate,...

Posted 11:26:58 AM Complete Story | Post Comment | Read Comments(0)

Friday, October 17
Anywhere anytime banking

It has been reported that last day the head post office has launched the core banking system for the customers. In order to make the banking services more convenient for the customers the post offices across the country will have core banking system.

This measure is introduced to making anytime and anywhere banking for the people. Any common man can make any banking transaction from the post office equipped with the CBS system. This facility...

Posted 11:12:44 AM Complete Story | Post Comment | Read Comments(0)

Thursday, October 16
Canara Bank to help enterprenuers through its facilitation centers

Public sector bank – Canara Bank has planned to help the entrepreneurs through its MSME facilitation centre. The bank will be providing collateral free loans to the women wishing to stat up their business.

The MSME centers of the bank are set up to serve the needs of the entrepreneurs basically. Bank is having five MSME facilitation centre located at Hyderabad, Chandigarh, Noida, Mumbai and Coimbatore.


Through these centre the bank wish to assist the people...

Posted 11:19:21 AM Complete Story | Post Comment | Read Comments(0)

Thursday, October 16
RBI to keep coin exchange counters retained for public interest

The apex of the country – RBI announced that it will keep its counters open for the common public to exchange the currency. In 2012-13 the counters were asked to close down but united forum protested and has asked to keep up these counters and provide the exchange facility to the common people.

It has been also reported that these counters handle as much as 90- 95 per cent of the exchange of notes and coins....

Posted 11:16:16 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, October 15
Banks have begun to demonstrate for the wage revision

The Banks have begun to demonstrate thier agitation through the Dharna. In order to get their demand of five days working and wage revision the All-India Bank Officers’ Confederation (AIBOC) has marked the beginning of its agitation programme.

Recently we reported that the banks will soon go on strike as well by the next month. yesterday AIBOC marked the beginning of the program. Bankser are not unhappy with their salaries they want revision and...

Posted 09:23:57 AM Complete Story | Post Comment | Read Comments(3)

Wednesday, October 15
Deposit growth of banks raised up 11%

Recent data has shown that the credit in the bank has increased this year. it is being noticed that the credit has went up 11% in last one year. Although from the March to september this year the credit slipped down but now the credit has surged to double digits from 9.72 per cent recorded at the end of September 19.

The RBI data has stated that the credit has increased from Rs 56,50,107 crore...

Posted 09:20:09 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 14
First women oriented banking branch in HP

A small Cooperative Dharmshala based –Kangra Central co-op bank is launching its ever women oriented branch. For the first time a bank in Himachal Pradesh is launching a women oriented branch in the state. On the New Year occasion – 1st January 2015 the branch will become operational. The branch will be launched in Depot Bazar locality. After this branch bank will further set up 5 new such branches in 5 different districts of...

Posted 11:15:07 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 14
IndusInd bank profit rises up

The new generation Bank – IndusInd bank has reported that bank has earned a profit of Rs 430.20 crore for the quarter ended September. Bank stated that bank has a got a 30% rise in its net profit this time. It is believed that the higher net interest income and a rise in fee income are the major factors, for the profit of the bank.

The non-interest income was up 34 per cent...

Posted 11:11:12 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 13
Bank decided to withdraw their extra cooperation until IBA will attend their demand of wage revision

It has been reported that The All India Bank Officers' Confederation (AIBOC) has planned to go on two days strike along with the other constituents of UBFU for the wage revision. From long back the banks are demanding for the revision in their wages Further the AIBOC has also decided to stick to their working hours they will not be working on the weekends and holidays.

In the first week of November through the...

Posted 11:22:15 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 13
Financial literacy camp by SBI and NABARD

Few days ago, State bank of India in association with National Bank for Agriculture and Rural Development (NABARD) has organized a financial literacy camp in Tseminyu. In order to aware the people regarding the banking services and their advantages the banks organize such camps. Chunlikha is a village where the people are unaware about the banking.

With aim to give the knowledge reading banking SBI along with NABARD organized financial literacy camp highlighting...

Posted 11:18:28 AM Complete Story | Post Comment | Read Comments(0)

Friday, October 10
Little super star savings account for Kids

Tamilnad Mercantile Bank has recently rolled out a savings account especially for the kids. The bank has launched TMB little super star. This savings account scheme is for the children in the age group of 10 too 18yrs.

Yesterday the product was launched by the Chief Educational Officer, Coimbatore, A Gnana Gowri in the city. It has been stated that product is rolled out with the aim to develop the savings habit among...

Posted 11:35:41 AM Complete Story | Post Comment | Read Comments(0)

Friday, October 10
Depositors of Rupee Bank facing problem due to delay in merger

Recently it has been that Customers of the Rupee bank are protesting against the delay of the bank. Due to the delay in the decision of the process of the merger of the bank, the depositors are facing problem. Since the bank has stopped the withdrawals and the transactions are been suspended the customers are disappointed.

In order to display their dissatisfaction and report that they are facing problem the depositors has planned...

Posted 11:26:39 AM Complete Story | Post Comment | Read Comments(0)

Friday, October 10
Upcoming Bank Bandhan to launch 600 branches by 2015.

According to some reports it has been informed that the upcoming bank Bandhan – a microfinance institution is expected to come up with its full fledged branches by the beginning of the next year, 2015. The Bandhan bank is all set to set up 600 new branches by the early 2015.

With 600 branches and nearly 10 million customers the Bandhan will be start up its banking. Fidelity Information Services(FIS) the technology partner of the...

Posted 11:22:36 AM Complete Story | Post Comment | Read Comments(0)

Thursday, October 9
Practice of Banks selling insurance products needs to be inspected: RBI

It has been reported that the govt. and Apex bank of the country RBI has decided to inspect the practice of banks selling insurance products. It is laso reported that in recent time many customers have complained that they are being forced to buy insurance products.

Several issues regarding the miselling of the products and use unfair practices are also being reported. This inspection will be done for both the private as well as the...

Posted 11:30:22 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, October 8
IndusInd Bank first to establish digitized branch at a metro station

For the first time a bank in India has successfully established it fully digitized branch at a metro station. Last week IndusInd bank has launched its full fledged digitized branch at IndusInd Cybercity Rapid Metro station, Gurgaon.

The digital branch is situated at the centre core of the cyber city hub offering all the banking facilities to the customers in a fully digitized way. The bank is having large number of tech- savvy customers...

Posted 11:19:50 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 7
Savings account for Minors increasing rapidly

To develop the savings habit among all the youngsters the bank these days are highly encouraging kids to open their savings accounts with the bank. In recent times the reputed banks of the country have come up with large variety of new savings accounts for the minors.

The reports have shown that new born babies are having their savings account in the banks. The banks ask the minors to open savings account with them...

Posted 11:21:06 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 7
Yes Bank decided to work with Suntec Business Solutions

To have more enhanced revenue management and Business assurance in retails banking sector the Yes Bank has decided to work with SunTec Business Solutions. The Bank has selected Xelerate products from the Suntec Suite to help the bank in its financial world.

The Suntec Business already deals with the clients from Visa Europe, HSBC, ING, Mashreq and Standard Bank to American Express.With the help of the Suntec product bank will get the assistance...

Posted 11:18:14 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 6
SBI to convert some of its branches to SME branches

State Bank of India has planned to convert some of its branches into pure SME branches. With opening of more number of SME branches the bank is planning to focus over the SME segment all over the country.

The bank will have some branches that will completely deal with the SME activities only. Bank is noticing that the number of defaults was increasing especially n case of the large corporate. The bank's SME advances...

Posted 10:28:30 AM Complete Story | Post Comment | Read Comments(0)

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SBI determined to continue retail banking in UK Oct 21, 2014
SBI branches resumed its working in Andhra Pradesh Oct 21, 2014
Himachal cooperative bank to launch new branches Oct 21, 2014
Yes Bank may enter credit card business soon. Oct 21, 2014
SBI bank to announce the clerk exam result shortly Oct 21, 2014
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