RUPEETIMES.COM
Retail Loans in India: Facts and Reviews
Though, relatively new to blogging, Neelima was quick to find out the powers of the online medium to spread her expertise on retail loans in India. A graduate in journalism, Neelima keeps track of the latest developments in retail loans in India on her blog on rupeetimes.com.
By Neelima Shankar

Pages: 1 2 3 4 5
Print    Email    RSS   
Wednesday, February 18
New endowment plan launched by PNB met life

A leading Insurance company – PNB Met life rolled a new endowment plan ‘Met Life College plan’. This is a new non-linked deferred participating endowment plan which designed to secure the child’s education.

This plan will ensure regular funds to the student during his/her college years. MetLife College Plan provides protection in case of unforeseen eventualities with inbuilt waiver of premium benefit and the policy remains in force till maturity. This a beneficial plan that...

Posted 11:29:25 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, February 18
Banks to look forward to hire students from IIT/IIM

Recently it has been reported that banks will now seek to hire IITs and IIMs. The bank will now recruit the students from the reputed institutes like he Indian Institute of Technology and Indian Institute of Management. It was also stated that through the robust process of hiring the bank will select the talented and eligible students from the top institutions.

However, the question is will students be interested if public sector banks come...

Posted 11:26:35 AM Complete Story | Post Comment | Read Comments(0)

Monday, February 16
Union Bank of India hiring for the post of specialist officers

Recently Union Bank of India has stated the bank will be hiring new candidates. The will hire new employees for 49 posts of specialist officers on contractual basis. The 49 posts are divided as: Forex officer grade II- 11 Forex officer grade I- 36 Economists- 2

For the Forex officer grade II- candidate needs to have a Bachelor's degree in any relevant field with an aggregate of 55 percent. Post graduation diploma in international banking...

Posted 11:40:15 AM Complete Story | Post Comment | Read Comments(0)

Friday, February 13
Canara bank launched scholarship Scheme

Recently a new Scholarship scheme is launched by Canara Bank. The bank has launched Canara Vidya Jyoti Scholarship scheme for the academic year. Through this scheme the girls from 5th to 10th Standard belonging to SC/ST of govt. schools from the rural areas will get the extended scholarship benefit.

Through this scheme the banks wants avail the scholarship facility to the girl students of the backward classes. The scholarship amount will range...

Posted 12:21:43 PM Complete Story | Post Comment | Read Comments(0)

Thursday, February 12
Federal Bank launched V connect for its customers

With the perspective to make the banking more enhanced the Federal bank has rolled a new facility for its customers. The bank has launched the video conference facility for the customers which will help them to directly interact with the bank’s relationship manager.

The customers will get the ease of interacting with the banks representative face to face from any part of the world. The Facility launched is named as ‘V Connect’ which can...

Posted 12:17:43 PM Complete Story | Post Comment | Read Comments(0)

Thursday, February 12
AXIS bank started ‘My idea of progress’ Campaign

Leading private sector bank – Axis bank has unveiled to bring out a national activation program "My Idea of progress" . Through this campaign the bank wants the people to come up with the new ideas and move towards the progress. The bank has planned to bring to life one of the winning ideas by planting trees saplings across the country on the 20th & 21st of February.

The bank...

Posted 12:10:57 PM Complete Story | Post Comment | Read Comments(0)

Wednesday, February 11
Andhra Bank on expansion mode

It has been reported that Andhra Bank is set to launch a new branches. Bank is having a large part of its banking business in Andhra itself. The bank is 26% of banking in Andhra and 24% in Telangana. Now the bank has the plans to increase its banking in Telangana at set up 200 new branches over there.

At present there are 500 branches of the bank in Telangana. It is reported that...

Posted 11:20:59 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, February 10
A Drive safe app rolled out by TATA AIG General Insurance

Insurance company – TATA AIG General insurance has come up with a different app for the people. The company has launched a mobile app – ‘Drive safe’. The app will be used to monitor the driving of the customers.

Detailing the app it was stated that the app will analyze the various driving patterns based on the speed location and time, in addition to incorrect breaking and acceleration events. The app will rate the...

Posted 11:21:33 AM Complete Story | Post Comment | Read Comments(2)

Monday, February 9
Dena Bank earned a profit of 13%.

Dena Bank has reported a growth of 13% in its net profit. The net profit of the bank has stood at Rs 76.5 crore in the third quarter ended December 31, 2014. The profit has increased form Rs 67.8 crore to Rs 76.5 crore.

Total income has increased to Rs 2,867.32 crore for the quarter from Rs 2,662.80 crore for the quarter ended December 31, 2013Gross NPAs as a percentage to total advances...

Posted 11:25:15 AM Complete Story | Post Comment | Read Comments(0)

Friday, February 6
Canara Bank earned a profit of 60%.

Recently Canara Bank has reported a profit of Rs 656 crore as against Rs 409 crore in the year-ago period. Bank has gained a profit of 60% by the end of December 2014. The net interest income of the bank has increased by 7%, it went up to Rs 2380 crore from Rs 2227 crore.

Further Non-interest income, comprising commission and exchange, profit from foreign exchange transactions, and trading profit, rose 38 per cent...

Posted 11:34:17 AM Complete Story | Post Comment | Read Comments(0)

Thursday, February 5
Banks expected to cut down the rates

After the announcement of the rates in sixth bi-annual monetary policy by the Apex bank, the Executive Vice Chairman of the Kotak Mahindra bank stated that banks might cut the lending rates by the next quarter. It was further stated that Banks are expected to cut down the rates by this quarter or the next quarter.

Bankers will observe and look at cost of funds before revising rates. Currently the repo rate is 7.75%....

Posted 11:13:08 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, February 4
Banks may strike at February end

It has been reported that yesterday, once more the banks have declared to go on 4 day strike. The banks have announced for no work from 25th February, 2015 till 28th February, 2015.

Since the Indian banking association has not accepted the banking union demand and wage revision proposal is not up to their expectation therefore banks will protest and strike at the February end. Wage negotiations between United Forum of Bank Unions (UFBU)...

Posted 11:51:37 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, February 4
RBI kept the rates unchanged

On Tuesday the apex bank left the rates unchanged. The consumers will have to wait for the further cut down in the lending rates by the banks. In the sith bi-annual monetary policy the RBI has stated the repo rate at which the apex bank lends to other banks – 7.75%.

The central bank kept the cash reserve ratio (CRR) — proportion of deposits banks have to park with RBI — unchanged at 4%.or...

Posted 11:47:30 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, February 3
LVB bank to recruit 300 clerical staff

Laxmi Vilas Bank is expanding network and correspondingly the bank is hiring new employees. The bank has stated that bank will be hiring 300 clerical by the end of next month. Last day the MD and CEO of the bank reported that the bank is having a total staff of 3,300 and a branch network of 400 at present.

With the growing network the bank is hiring new employees, recently bank has recruited about...

Posted 11:33:23 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, February 3
Dena Bank has revised its interest rates

Yesterday Dena bank unveiled its new rate. The bank has increased its rate on the short term deposits, and on the other hand has reduced the rates on the long term deposits.

Prior to the release of the sixth bi-monthly monetary policy review, the bank has declared its rates. The bank reported that for the tenure of 7-45 days the bank has increased the rate by 1-1.75% and for the tenure of...

Posted 11:28:33 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, February 3
Reliance industries to enter in to banking in association with the SBI

It has been reported that the Ambani’s have planned to enter into the banking industry. The Reliance industry has applied to set up the payments banks. RBI has declared that payments banks are not allowed to lend and may take only small deposits, but can provide most other types of banking services, including processing and payments.

The Company reported that in association with the largest leading bank of the country – State Bank of...

Posted 11:24:28 AM Complete Story | Post Comment | Read Comments(0)

Monday, February 2
Indian Bank to set up new branches in Thanjavur Area

Last week Indian Bank has announced that bank will be opening its new six branches in the country. With the perspective to expand its network the bank will be opening 6 new branches in the Thanjavur Zone soon. Bank wishes to offer more services to the customers and extend the customer friendly services of the bank.

At present the bank is having 84 branches in this zone out of which 40 branches are in...

Posted 11:54:05 AM Complete Story | Post Comment | Read Comments(0)

Friday, January 30
OBC bank reported a drop down in its net profit

Oriental Bank of commerce has reported a drop down in its net profit. The bank has reported a drop down of 91.28 %. Last year the profit of the bank stood at Rs 224.30 crore and this year it went down to Rs 19.58 crore.

Further restructured assets went up by Rs 2,050 crore and non-performing assets or bad loans slippage was Rs 1,340 crore. Total income for the quarter ncreased by 7.8 per...

Posted 12:32:40 PM Complete Story | Post Comment | Read Comments(0)

Friday, January 30
Money transfer simply through phone contact book: HDFC bank

Leading private sector lending bank - HDFC bank has announced to launch a new innovative app that will enable the customer to send money easily. The customer will now be able to send the money 24X7 simply through their phone contact book.

The new name Chillr will make sending money easy, the receivers not necessarily need to have a account in HDFC bank. It will allow them to transfer money using a contact’s...

Posted 12:29:11 PM Complete Story | Post Comment | Read Comments(0)

Friday, January 30
New Branch of Laxmi Vilas bank at Vijayawada

Last Day Laxmi Vilas bank inaugurated a new branch at Governorpet in Vijayawada. Sri Durga Malleswara Swamy Varla Devasthanam executive officer Ch Narasinga Rao inaugurated the new branch.

MD and CEO of the bank reported that bank is happy ot launch this new branch. The bank is growing rapidly with its banking facilities. This is the part of banks strategy to expand its network and offer services to its customer. The bank will...

Posted 12:25:34 PM Complete Story | Post Comment | Read Comments(0)

Pages: 1 2 3 4 5
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Personal loan: Lender of the last resort
Repaying multiple loans – Which one...
Pay income tax through ATM
An Insight into Credit Card Balance Transfer
Income Tax Benefits on Joint Home Loans


NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
New endowment plan launched by PNB met life Feb 18, 2015
Banks to look forward to hire students from IIT/IIM Feb 18, 2015
LVB bank joined hands with NCML Feb 18, 2015
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
News Archive

EXPERT'S COLUMNS
Money wise guy and his musings
 Banks reluctant to disclose defaulter’s names

EXPERT'S ADVICE
Wizard Home Loans
General Insurance underwriters asked to...
Bajaj Finserv also wants a banking license