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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

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Thursday, October 30
SBI reduced FD rates for the third time within a period of three months

The top lending institute of the country- State bank of India has again cut down the rates on the selected maturities of fixed deposits. Recently the bank has revised the rates and within a period of month or so the bank has revised its rates.

In the July the bank has reduced its rate by 0.25%, and then in September again bank reduced its rates. SBI stated that the reduction in rates...

Posted 11:37:41 AM Complete Story | Post Comment | Read Comments(0)

Thursday, October 30
Canara Bank signed MOU with Origo Commodities

Public sector bank – Canara Bank has decided to help the farmers with warehouse receipt financing. In order to avail this facility to the farmers the bank has decided to work with Origo Commodities, a post-harvest management services company.

This facility will help a farmers a lot. The farmers will be provided with the financial assistance to avoid the problem of ‘Distress sale’ of their produce. Through this MOU the bank will offer...

Posted 11:35:43 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, October 29
Banks on strike on 12th November

Earlier it was informed that in the coming month the banks will go on strike for a day, finally the date has been declared. The United Forum of Bank Unions has announced that on 12th November, 2014 the banks and ATMs services will not be operational.

For the revision in the wages the banks are protesting this November. The employees will be on 1 day strike demanding for the immediate settlement of their wages. Bank...

Posted 11:30:31 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, October 29
Mr. Uday sareen will be the new CEO of the ING Vysya bank

Yesterday Managing Director and CEO of ING Vysya bank Mr. Shailendra Bhandari resigned. After serving the bank for the period of five years Mr. Bhandari resigned from his work. Mr. Uday sareen has been appointed as the new CEO and Managing director of the Bank.

The Board of the bank has stated that Mr. Bhandari has decided to left the work and go for the new challenges. The bank has accepted Mr. bhandari’s...

Posted 11:19:25 AM Complete Story | Post Comment | Read Comments(1)

Tuesday, October 28
Corporation bank donated Rs. 2.15 crore

Public sector bank – Corporation bank as part of the social responsibility, donated a sum of Rs 2.15 crore to the Prime Minister’s National Relief Fund for relief and rehabilitation. The amount in this fund is used for the assistance and development of the people effected in Jammu& Kashmir.

The bank has also contributed its part for the development of the effected people. Yesterday the Managing director of the bank Mr. S.R. Bansal handed the...

Posted 11:27:06 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 28
NABARD bank a new plan for inland fishing activities

National bank for Agriculture and Rural Development (Nabard) has launched Rs 100 crore area development scheme (ADS). Covering the five districts in Odhisa the scheme is launched for assisting in inland fishing activities.

Lately J K Singh Kharb, executive director of Allahabad Bank and P K Jena, regional director, RBI-Bhubaneswar along with the Deputy Governor of RBI initiated the scheme. From March 2015, the scheme will be effective. This scheme will help in...

Posted 11:19:28 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 27
Mpassbook facility for SBI users

Few days back densely populated bank of the country – State Bank of India has launched the facility of ‘mPassbook’ facility. For its retail banking users the bank has launched this facility on its ‘State bank anywhere’ mobile application.

Mpassbook is an electronic passbook. This application is just an electronic form of the passbook which will contain all the details of the customer’s account. Through this the customer will be able...

Posted 11:27:35 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 27
BOM bank tied up with Ashok Leyland to finance customers

Bank of Maharashtra has tied up with the Hinduja Group flagship company Ashok Leyland. The bank has planned to work with Ashok Leyland and offer better financing offers in purchasing vehicles. The MoU was signed by Bank of Maharashtra General Manager Credit Priority Phillip D'Silva and Ashok Leyland VP-Finance K Ram Kumar.

Through this partnership the bank will extend the financing facilities to customers of Ashok Leyland's commercial vehicles. This will also allow the...

Posted 11:25:44 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 27
Karnataka Bank hiring for the post of officer

State owned bank – Karnataka Bank is inviting dynamic applicants for the post of officer. The job is for the officer post across the various parts of the country.

In order to apply the candidates need to have a graduation degree from a recognized university. The selected candidate will initially be placed with a probation period of 1 year. The candidates must be in the age group of 21 -28 years on 1st...

Posted 11:22:04 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 21
SBI determined to continue retail banking in UK

Recently the several Indian Bank branches have faced closure in UK. It has been reported that State Bank of India is still determined to carry out the carry out the retail banking operations in UK. The SBI has been operating in UK since past 95 years.

The bank has reported that tough the bank of England has halted on the operations of foreign-owned banks in the country, but bank is determined to continue. The...

Posted 11:39:49 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 21
SBI bank to announce the clerk exam result shortly

The candidate eagerly waiting for their SBI clerk exam results are informed that State bank of India is there to announce the result soon.

The candidates can check their result from the official website of the bank. The written exam was conducted in the month of July/august. The written examination consisted of 200 marks of objective test including subjects of general awareness, general english, quantitative aptitude, computer knowledge. The candidates who will clear...

Posted 11:25:28 AM Complete Story | Post Comment | Read Comments(30)

Monday, October 20
Financial Literacy camp by RBI

Last week the apex bank of country has launched a financial literacy camp. The financial literacy program was launched to enhance the financial awareness among the people. After the launch of the program the t Secunderabad Railway station, RBI Executive Director P Vijaya Bhaskar interacted with passengers who had boarded Bhagyanagar Express. The slogans and the poster were the sources of awareness.

The campaign was conducted in a different way through the slogans and pictures...

Posted 11:33:16 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 20
Axis Bank profit increased by 18%

The net profit of the third largest bank of the country – Axis bank has increased by 18% this time. The bank has reported that the net profit of the bank stood up at Rs 1,611 crore by the end of September, 2014.

The previous year the profit earned by the bank was Rs 1,362 crore. Other income grew by 10 per cent at Rs. 1,948 crore as against Rs. 1,766 crore in...

Posted 11:25:07 AM Complete Story | Post Comment | Read Comments(0)

Friday, October 17
Axis Bank reduced its rate by 0.10%

Axis Bank has dropped down its rate. According to the reports the bank has reduced its rate by 0.10%. Earlier the base rate was 10.25% now it has dropped down to 10.15%.

Base rate is the minimum rate at which the bank lends to the other bank. The new rate is applicable from October 15, 2014. The bank has reported that as per the reduction in the base rate, there will be reduction in...

Posted 11:25:43 AM Complete Story | Post Comment | Read Comments(0)

Friday, October 17
Andhra bank to collect relief fund for the flood victims

With the intent to help the people in flood affected area of Andhra Pradesh, the govt. of the state has planned to collect the donation fund for the people with the help of the Andhra Bank. In association with the Andhra Bank the donations will be collected to help the people victims of Hud hud cyclone.

All the people can contribute for the donation, the donation will be accepted at all the branches...

Posted 11:21:55 AM Complete Story | Post Comment | Read Comments(0)

Friday, October 17
BOM bank recruiting for the post of CS

It has been reported that Bank of Maharashtra is inviting applications for the post of Company secretary (CS). Interested candidates need to apply before 22nd of this month. In order to apply candidate needs to have graduates in any discipline with minimum 55 per cent marks. He/she should have Associate Membership of Institute of Company Secretaries of India (ACS) with Computer Literacy. In addition to this it is mandatory to have 5 years of...

Posted 11:17:09 AM Complete Story | Post Comment | Read Comments(0)

Thursday, October 16
New FD rates of central Bank of India

One of the top leading lending institutes of the country – Central bank of India has slashed down its deposit rates on various maturities. Last day the bank has reduced the interest rates in range of 5-175 basis points.

For the amount of Rs 1 crore for one year to two year the interest has reduced by 0.5% i.e. from 9.5% to 9%. Further for same amount for three years to less...

Posted 11:28:37 AM Complete Story | Post Comment | Read Comments(0)

Thursday, October 16
IOB bank hiring for various post

Indian Overseas Bank has invited application for the various posts in Chennai and Tamil Nadu. Candidates are asked to apply for the various managerial posts of Security Officers, Civil Engineer, Electrical engineer, Mechanical Engineer.

In order to apply the candidates need to hold a graduation or its equivalent/B.E or B.Tech in Civil Engineering or equivalent from a recognized university.

To apply candidates have to pay a sum of Rs 500 as application fee. Applicant...

Posted 11:25:45 AM Complete Story | Post Comment | Read Comments(0)

Thursday, October 16
Allahabad working for the Swachch Bharat Abhiyan

All the banks actively work and participate in various social activities for the upliftment of the society. Banks take up the several task as their corporate social responsibility and contribute in development of the society.

With their full efforts the banks are working on PMJDY, similarly now banks have decided to work for the Prime ministers another initiativeSwachch Bharat Abhiyan and contribute in keeping the nation cleaning.

The state run – bank Allahabad bank...

Posted 11:23:27 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, October 15
Open house meets conducted by SBT bank

One of the associate banks of the SBI-State bank of Travancore has planned to organise an open house for the customers. On 15th of every month an open house will be conducted were the meaures to improve the banking services will be discussed.

From today onwards the open house will begun. The conduct will be held at the Staff Learning Centre Auditorium. From 3pm onwards till 5 pm, the conduct will held were...

Posted 09:28:08 AM Complete Story | Post Comment | Read Comments(0)

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