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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, July 24
Registration for the common banking entrance exam have started

All the aspirants looking for the banking exam are hereby informed that the Institute of Banking Personnel Selection or IBPS has decided to conduct the next common banking entrance exam in October.

The registration for this common recruitment exam for the post of PO and management trainees is from 22 july, 2014 till 11th August, 2014. Interested candidate needs to register before 11th august.

The Candidates between the age of 20 to 30 yrs...

Posted 11:50:18 AM Complete Story | Post Comment | Read Comments(0)

Thursday, July 24
Awareness regarding the personal finance through an Olympiad

To promote the financial education among the students and make them financial literate Principal Mutual Funds and Money Wizards launched India’s largest personal financial education initiative `YouthMoneyOlympiad' (YMO). This Olympiad will deal with the financial aspects and will help the students to gain the insight regarding the personal finance.

It is necessary for everyone to have the knowledge regarding personal finance. This will prepare the students for their life with this very important skill....

Posted 11:47:49 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 23
New Corp excel branch in Bangalore

Public sector bank- corporation bank has launched a new Corp excel branch at shivajinagar in Bangalore. The new branch will be offering Corp express banking.

The Corp excel branches are designed while keeping the customers convenience and ease in mind. The branch offers 24x7 e-lobbies with the cash deposit machine, cheque deposit machine, self-service passbook printer and an ATM.

The branch provides many facilities and provisions that will assist the customers in accessing banking...

Posted 11:40:10 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 23
Huge number of complaints against SBI bank

The leading bank of the country – State bank of India besides the banking is also leading in the number of complaints. For the year 2013-14 the maximum numbers of complaints are registered against SBI.

Bank has been ranked at first position with 1960 customers, following this Indian bank is at second position with 910 complaints and Indian overseas bank with 740 complaints.

Among private sector banks ICICI is at the top with...

Posted 11:36:03 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 22
EPFO to allot universal account number to its members

Last Day it has been reported that the members of the EPFO will now be allotted with an Universal Account Number (UAN). EPFO members generally face problem while they change their jobs, in order to curb this solve this problem this new measure has been introduced.

This facility of UAN will provide the facility of portability, in case the member shifts the job, he will not need to apply for the transfer of PF...

Posted 11:24:56 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 22
Home Financer HDFC and HDFC bank may go for a merger

It is expected that in order to form the second largest lending institution of the country, Home Financier HDFC and HDFC bank may form one unit. If both will find the conditions favorable and economies of scale prove beneficial to both then they will go for merger. Already at present HDFC bank is one among the top leading banks of the country.

It was reported that if they go for the merger then the...

Posted 11:23:16 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 22
Job vacancy in A.P Mahesh urban co-op bank

Urban cooperative bank – A.P. Mahesh urban coop bank has invited applications for the the various post. The bank is hiring new employees for the post of Managing Director/Chief General Manager, General Manager, Dy. General Manager/ Asst. General Manager.

To apply for any of the post it is necessary for the candidate to have completed graduation/postgraduation/ MBA/CFA/ICWA/C.S./CAIIB as per post requirements. Secondly for the post of Managing Director/Chief General Manager,General Manager,Dy. General Managers/Asst General...

Posted 11:20:35 AM Complete Story | Post Comment | Read Comments(0)

Monday, July 21
Development and growth of BMB bank

The women oriented bank of the country – Bhartiya Mahila Bank has shown a immense growth in its business with in a period of seven months. In the first quarter of 2014-15, BMB has almost doubled the deposits with over 1,500 account holders in the only branch in the Ahmadabad.

Ahmedabad too got its first BMB branch along with seven other cities in the country. It has been reported by the bank officials that...

Posted 11:28:46 AM Complete Story | Post Comment | Read Comments(0)

Monday, July 21
Reserve bank of India organizing RBI quiz

Youth is the future of the country, therefore it is essential to educate and make the youth completely aware regarding the finance literacy. They must have knowledge regarding the apex bank of the country its role and working for the country. Keeping this in mind RBI has organized a RBI quiz to be held at 62 centers in different slots planned between July and November.

The quiz will create awareness among the students regarding the...

Posted 11:24:19 AM Complete Story | Post Comment | Read Comments(0)

Monday, July 21
SBH bank donated a bus to school

Apart from banking the public lending institutions also work for the upliftment of the society and make donations and necessary contributions. Last day State Bank of Hyderabad has donated a bus to school. This is the part of the bank’s community service banking.

The bank has donated the bus to to Kaluram Ghurka Vidyadayini Vidyalayam at Ghattuppal in Nalgonda district on Sunday. This school is managed by Sriram Charitable trust. Along with the manager...

Posted 11:22:34 AM Complete Story | Post Comment | Read Comments(0)

Friday, July 18
Corporation bank to set up more corp excel branches

The chairman and managing director of the corporation bank stated that bank will be establishing 200 new Corp excel branches by the end of December next year. Bank is gradually expanding its banking services across the country.

He further informed that the e-lobbies will be the part of these branches. At present bank is having 15 such branches. The e-lobby facility in the branches will provide the customer with the self-service automation kiosks such as...

Posted 11:23:03 AM Complete Story | Post Comment | Read Comments(0)

Friday, July 18
RBI recruiting for assistant post

Apex bank of the country is inviting applications for the post of assistant. There are total numbers of 50 seats. The candidate needs to be between the age of 18 to 28 years and hold a bachelor degree with minimum 50% marks. The candidate must be conversant with MS Word.

There will be a written exam that candidates will be required to give. The exam will be in the month of September. The...

Posted 11:09:48 AM Complete Story | Post Comment | Read Comments(0)

Thursday, July 17
New Branch of ICICI bank at Vishakhapatnam

The second largest leading bank of the country – ICICI bank has taken a step forward to expand its network. The bank has inaugurated a new branch in Vishakhapatnam.

The new branch was inaugurated by C.N.Rao, Senior General Manager, Laurus Labs Ltd. This new branch is the 9th branch of the ICICI bank in Vishakhapatnam. The branch will be serving the customers six days a week Monday to Friday it will open...

Posted 11:29:06 AM Complete Story | Post Comment | Read Comments(0)

Thursday, July 17
Candidates agitated with the Canara bank’s new format for recruiting

It has been reported that candidates going for the interview in Canara bank are strongly demonstrating against the new format of the bank of asking the personal details from them.

A women candidate has raised her voice against the bank’s recruiters questioning her regarding her menstrual cycle details. The Candidates are protesting against this in various parts of Kerala. Against this new format the candidates demonstrated at various places, including Kozhikode and Kochi, today...

Posted 11:18:50 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 16
SBI slashes deposit rates by 0.50%

The largest lending institution of the country – State bank of India yesterday unveiled the new rates. The SBI has reduced its deposit rates by 0.5%. For the short term deposits for the tenure of 179 days the bank has reduced the rates by 0.5%. It is assumed that the other banks might go for the same.

For the period of 7 -179 days earlier the rate was 7.5% now it has been reduced...

Posted 11:24:36 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 16
Literacy Camp organized by NABARD

In a bid to increase the literacy and awareness among the villagers the National Bank for Agriculture and Rural Development (NABARD) launched a financial literacy camp. The chief General Manager of the bank has asked the farmers and the others to come and attend the camp that guided them to utilize the services provided by the banks.

On the occasion of 33rd foundation of the bank the bank organized this camp named Vidya Saksharatha...

Posted 11:19:12 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 16
UCO bank bags first prize

Public sector bank UCO bank has won award for highest average loan to SHGs in West Bengal. The bank has been awarded with the first prize under the commercial banking category. This is the pride moment for the bank. It has been reported that lately bank was also awarded with the Platinum SKOCH Inclusion & Deepening Award 2014 for its tremendous work.

Constantly bank is showing excellent performance in the banking sector. On...

Posted 11:14:42 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 15
Banks to set ATMs that can generate small denominations notes

The Apex Bank has asked the banks to come up with the ATMs for the rural areas that can generate the currencies with the smaller denominations. The ATMs in the urban areas generate the notes of the higher denominations, generally 500 or 1000. It has been reported that the people in rural areas are requiring the currency of the smaller denominations.

The RBI has asked the bank to come up with the appropriate solution for...

Posted 11:20:46 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 15
Corporation bank signed MOU with Atul Auto company

Public lending institution- Corporation Bank has decided to work with Gujarat based company - Atul Auto. In order to finance the commercial vehicles manufactured by the Atul auto, the bank has tied up with this auto company.

The bank release stated that through this partnership bank will be providing financial assistance to the customers for buying its commercial vehicles across the country. The bank will become the preferred financier for financing commercial vehicles of...

Posted 11:16:28 AM Complete Story | Post Comment | Read Comments(0)

Monday, July 14
Indian Bank to provide banking in Slum Areas

To provide the banking services to the poor people, Indian bank established two new branches in the slum areas of Royapuram, Tiruvotriyur, Tondiarpet in North Chennai and Kannagi Nagar, Thanthai Periyar Nagar and Semmencherry in South Chennai.

Governor of the apex bank Dr. Raghu Ram Rajan inaugurated the new branches. The two new branches are mobile branches with the ATM facility. While addressing at the ceremony Chairman and managing director of the bank...

Posted 11:37:54 AM Complete Story | Post Comment | Read Comments(0)

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