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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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Wednesday, April 9
New deposit product – Anupama rolled out by SBT

It has been reported that state bank of Travancore has launched a new deposit product named Anupama. As a Vishu easter festival offer bank will be providing this product to its customers. The product will offer an interest rate of 9.25% for the tenure of 1111 days, with an annualised return of 10.52 per cent. All the customers domestic, corporate as well as the NRI can avail and enjoy this offer. The minimum deposit...

Posted 10:57:50 AM Complete Story | Post Comment | Read Comments(1)

Wednesday, April 9
ICICI bank lodged FIR for the fake currency notes

One of the largest banks of the banking sector ICICI bank has reported a complaint alleging fake currency notes of Rs 10. Bank has reported that multiple Rs 10 notes are deposited at the different branches of ICICI bank. In past 7-8 years around Rs 10.77 crore were deposited in different branches as the fake currency.

As per the rules of the apex bank, it is necessary to report FIR whenever fake...

Posted 10:47:36 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, April 9
Central bank hiring for the post of faculty and office assistant

Central Bank of IndiaSamajik Utthan Avam Prashikshan Sansthan a society sponsored by central bank of India that provides training to the rural youth for the self employment is hiring the employes for the post of faculty and office assistant For the post of faculty candidate must be below the age of 65 years and aPost-graduate viz. MSW/MA in Rural Development or MA in Sociology/Psychology or B.Sc in Agriculture or BA with B.Ed. etc, and...

Posted 10:44:26 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, April 8
50th coin mela by HDFC bank

One of the finest banks of the banking industry – HDFC bank recently organized a coin mela. The bank organized the 50 coin mela at the Chennai branch of the bank. In the mela bank distributed the coins among the people and provided them with the fresh new notes in return of the old and damaged notes.

In the financial year 2013-14 bank has distributed overall 6.5 cr coins from which 2.58 crs banks...

Posted 08:52:44 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, April 8
PO hiring in State bank of Hyderabad

Private sector bank state bank of Hyderabad is recruiting for the post of PO. Candidates can apply online as well as offline. To apply online Candidates have to login to official website of State Bank of Hyderabad and have to open the application form. Then, candidates are required to take the printout of challan format from its official website. Candidate then need to go to the Bank and pay the required fee according to their category(SC/ST/General/OBC)Candidates...

Posted 08:49:40 AM Complete Story | Post Comment | Read Comments(0)

Monday, April 7
SBI bank hiring PO officers

Jobs opportunities lying up, for the persons seeking to work with SBI. Largest bank of the country state bank of India has announced that the bank will be recruiting 1837 PO officers for its branches all over the country. The graduate persons in the age group 21- 30 years can apply for the post. Students in the Final year of graduation can also apply.

Interested candidates can apply from April 7th to 25th...

Posted 10:37:23 AM Complete Story | Post Comment | Read Comments(0)

Monday, April 7
IDBI bank earned a huge tax collection

It has been reported that public lending bank IDBI bank has collected an amount of 1.95 lakh cr in central taxes. This is 23% more by way of Direct and Indirect taxes on behalf of the Government in the financial year ended March 31, 2014. With the help of technologies internet banking facility pan-India payment of direct taxes, excise duty, service tax and customs duty were made easily.

Last year bank collected nearly 1.59...

Posted 10:26:09 AM Complete Story | Post Comment | Read Comments(3)

Friday, April 4
New India Assurance recruiting for the post of administrative officer - Medical

An opportunity is lined up for the aspirants seeking to work with Insurance Company. New India Assurance Company has invited the applications for the post of Administrative Officer (Scale-l) Medical. The applications will be accepted from 3rd April,14 to 13th April, 14.

In order to apply for the post candidates needs M.B.B.S Degree or equivalent foreign degrees recognized as equivalent to M.B.B.S degree by the Medical council of India from a recognized University...

Posted 11:13:29 AM Complete Story | Post Comment | Read Comments(0)

Friday, April 4
Banks to provide more facilities through education loan to medical students

It has been reported that 5 leading banks of the country will be assisting with more enhanced services to the medical students to acquire the medical studies easily. State bank of India, IBDI bank, HDFC bank, bank of Baroda and PNB bank will be providing easy education loan for medical students.

Medical education is another field of education which is quite expensive, due to which students find it difficult to pursue medical...

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

Thursday, April 3
City Union Bank launching 75 new branches

In order to expand its banking network, City Union Bank has decided to roll out 75 new branches by the end of current year. By launching the 75 new branches the bank will have total of 500 branches all over the country.

At present the bank is having total number of 950 ATMs, bank is planning to expand the ATM network as well up to 1,250 ATMs. The bank has also upgraded its...

Posted 11:17:55 AM Complete Story | Post Comment | Read Comments(0)

Thursday, April 3
New banking license likely to create a number of jobs in banking sector

The issuing of new banking license can create up to thousands of job in the banking sector. It has been reported that in coming 1-2 years jobs aspirants in the banking sector will get a bigger opportunity to work in the banking sector.

,p> RBI is issuing new banking license soon, it has been estimated that nearly 1,500 to 5,000 jobs are likely to be created for each new banking license. Further the jobs for the...
Posted 11:11:45 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, April 2
Indian bank increased interest rates on FCNR (B) deposits

Yesterday Indian bank announced its revised rates on the FCNR (B) deposits. The rates are effective from 1st April, 14. For the tenure of 1 to 2 years bank has increased the rate by 0.1%, the new rate is now 2.56%.

Further the rate for the tenure of 2 year and lesser than 3 year the interest rate has been increased to 2.59% from 2.47%. For period of 3 years and less than four years...

Posted 10:17:01 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, April 1
Govt. asked the banks and telecoms to enhance the mobile banking service

It has been noticed that mobile banking is an important aspect of banking. Mobile banking plays a crucial role in financial inclusion, so it should not remain confined to limited persons. Banks should increase the mobile banking services.

At present the mobile banking is very limited in the country. The Apex Bank RBI has shown its concern and disappointment over the retarded condition of the mobile banking in the country. Concerned over the mobile banking...

Posted 11:15:32 AM Complete Story | Post Comment | Read Comments(0)

Friday, March 28
200 new white Label ATMs to be launched in Kolkata

The apex bank – Reserve Bank of India agreed to allow the Kolkata-based Srei Infrastructure Finance Ltd to establish White Label ATMs in the city. Srei is one among the applicants of the new banking license. The company will establish the ATMs in the areas devoid of banking facilities.

RBI has permitted the company to own and startup the ATMs by 25th march, 14 in the city. Axis bank will be sponsoring Srei...

Posted 11:01:25 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, March 26
A new child plan Siksha Super plus rolled out by Max Life Insurance

In order to facilitate children with more facilities and help, Max Life Insurance Company unveiled its plan to roll out a unit linked plan for the children. The company has launched Shikshs Super plan that will assist the children in their education and career.

The plan will look after the overall development of the child by availing all the resources required. This plan will also provide the customer with the facility of investing premiums...

Posted 11:11:01 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, March 26
Indian post attempting to expand its banking business

Even though the chances of the getting the banking license for the Indian post is less due to the lack of infrastructure, still the Indian Post is working to expand its business. It has been reported that Indian post will be coming up with 2800 new ATMs by the end of next fiscal year.

Bank is attempting to attract more number of customers to open the post office savings accounts. Indian post is widely spread...

Posted 11:08:31 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, March 26
New branch rolled out by SBT bank

In order to expand its banking network State Bank of Travancore has launched a new branch in Thiruvananthapuram. It has been reported that this Monday Sajeev Krishnan, Chief General Manager of the bank initiated a new branch at at Ambalathara in the suburbs of the city.

At the inauguration senior officials of the bank including Suresh M Nair, Deputy General Manager; Suresh Savekar, Deputy General Manager; K Muraleedharan Pillai, General Secretary, SBT Employees...

Posted 11:03:38 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, March 25
New white labels to be rolled out by Tata communications Payment

A day before Tata Communications Payment Solutions Limited (TCPSL), stated that they are planning to roll out 15,000 new ATMs across the country by 2016. TCPSL is the first non banking company to launch the white label ATMs network. The company launched its first ATM in the June last year. It has has so far set up 1,000 ‘Indicash’ ATMs across India.

CEO of the company Mr. Sanjeev patel stated...

Posted 10:59:01 AM Complete Story | Post Comment | Read Comments(0)

Monday, March 24
BMB expanding its network in North Eastern Region

It has been reported that soon Women oriented bank of the country Bhartiya Mahila Bank will initiate three new branches in the north eastern parts of the country. With full planning and efforts bank is rapidly expanding its branches all over the country.

The three new branches are established in Agartala, Meghalya and Itanagar. The CMD of the bank will be initiating the branch of Agartala today. The bank has established its first...

Posted 11:00:30 AM Complete Story | Post Comment | Read Comments(0)

Friday, March 21
SBI new credit scheme for student loan aspirants

Good news is lined up for the education loan seekers. Country’s largest lending bank State Bank of India is thinking to launch a new credit scheme for school – level teenagers. The purpose of the bank to come up with this initiative is to help the students in developing a friendly environment with the banks and assist them in getting education loan easily.

Highlighting the features of the scheme the managing director of...

Posted 11:19:00 AM Complete Story | Post Comment | Read Comments(0)

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NEWS THIS WEEK
New deposit product – Anupama rolled out by SBT Apr 9, 2014
Vijaya bank revised its rates Apr 9, 2014
Drop down in credit card space –HDFC bank Apr 9, 2014
ICICI bank lodged FIR for the fake currency notes Apr 9, 2014
Central bank hiring for the post of faculty and office assistant Apr 9, 2014
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