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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, December 10
ShriRam Life Insurance launched a non Linked insurance plan

Private Insurance Company - ShriRam Life Insurance Company has rolled out a non linked Insurance plan. This plan assures the regular income after the policy term. Recently a day before the company has launched this product.

Keeping the growing demands of the customers the bank has designed this product. The product will help the customer to meet his requirements related to children’s education, retirement, elderly parents’ care and many others. ...

Posted 11:45:52 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, December 10
SBI introduced SBI composite Index to track manufacture activity

State Bank of India Has launched SBI composite Index that will help the bank to track the manufacture activity in the country. The CMD of the bank stated that the index will analyze data from both manufacturing and services industries to determine expansion or contraction in the economy.

SBI is the leading bank with a huge network in the country. This index will help the market participants, policy makers. SBI will publish the...

Posted 11:43:30 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, December 9
A report on banks reducing their term deposit rates

In past few weeks banks have reduced their term deposit rates on selected maturities. ICICI, HDFC, Axis bank are among the top banks to initiate the reduction. Following the same the highly networked bank of the country- SBI also reduced it rates and the Bank of Baroda and Bank of India also followed the same.

With the desire to bring down lending rates to be competitive in the loan market and keep margins...

Posted 11:24:47 AM Complete Story | Post Comment | Read Comments(0)

Monday, December 8
SBI lowered its rates by 0.25%

The highly networked bank of the country – State Bank of India has slashed down its rates by 0.25%. The bank has reduced its term deposit rates of 1year by 0.25%. Prior to this, HDFC and ICICI bank had reduced their rates last week.

The bank has revised its rates which are applicable from today itself. For the period of one year to less than three years, and three years to less than...

Posted 11:14:59 AM Complete Story | Post Comment | Read Comments(0)

Monday, December 8
Karnataka Bank opened fourth financial literacy Centre at Tiptur

State owned Bank – Karnataka Bank has opened a new financial literacy centre at Tiptur in Tumkur district. With the help of the Manipal-based Jnana Jyothi Financial Literacy and Credit Counselling Trust the bank has successfully launched its fourth financial literacy centre.

. Other than this the bank is having three more financial literacy and credit counselling centers at Bantwal, Kundagol and Hangal in Karnataka. These centers are the part of financial inclusion which...

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

Friday, December 5
HDFC ergo tied up with Deutsche Bank

HDFC ergo Insurance Company has signed MOU with the Deutsche bank for selling its products. HDFC ergo and Deutsche have planned to work together. As per the agreement the bank will be selling the non life insurance products of the company.

It has been informed that through this tie the HDFC ergo will be offering a wide range of non life insurance products including Motor Insurance,Travel Insurance, Home Insurance, Commercial Insurance Personal...

Posted 11:06:18 AM Complete Story | Post Comment | Read Comments(0)

Friday, December 5
Syndicate bank hiring for the post of Security officer (Grade-II)

Public sector bank – Syndicate bank is inviting applications for the post of Security Officer (Grade-II). There are total numbers of 21 posts. The candidates selected will posted at the various location all across the country. The interested and eligible candidates need to apply before 18th December, 2014.

In order to apply the candidate needs to have a graduation degree from a recognized university. The age of the candidate must be between 25...

Posted 11:02:01 AM Complete Story | Post Comment | Read Comments(0)

Friday, December 5
New Branches established by several banks in Orissa this year

According to the reports in Bhubaneswar the commercial banks have established new 155 banking branches in the first half of this fiscal year. On the whole the total number of branches in Orissa has increased by 3.92%.

From the total of 155 branches, 120 branches are set up by public sector bank, while private sector banks and regional rural banks (RRBs) have opened 29 and six branches respectively. The banks are working to enhance the...

Posted 10:55:25 AM Complete Story | Post Comment | Read Comments(0)

Thursday, December 4
HDFC and ICICI bank reduced term deposit rates in selected slabs

Leading lending institutions of the country – ICICI bank and HDFC bank have reduced their deposit rates in selected slabs. The revised rates of ICICI are applicable from November, 28th. For the time period of 390 days to two years, the ICICI bank has reduced the rates by 0.25% and the new effective rate is now 8.75%. On the term deposits of up to Rs 1 crore the bank will offer...

Posted 11:41:45 AM Complete Story | Post Comment | Read Comments(0)

Thursday, December 4
Axis bank to focus more on unsecured loan portfolio

With the intent to build up the stronger connection with the customers, third largest bank of the country – Axis bank has planned to come up with a new idea. The bank will now update its customers while shopping at the malls with the details of the offers and discounts available on using the credit and debit card.

The bank is focusing to enhance the business through the use of mobile apps and...

Posted 11:38:02 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, December 3
Laxmi Vilas Bank allowed free ATM transactions at the Bank’s ATM irrespective of number

Laxmi Vilas Bank allowed free ATM transactions at the Bank’s ATM irrespective of number Laxmi Vilas Bank announced that bank, it will allow its customers to have free transactions from the ATM irrespective of the number. The banks were asked to cap the free ATM transactions but Laxmi Vilas bank has decided to allow unlimited free ATM transactions to its customers.

Many other banks are also following the same, including corporation bank, hitherto some...

Posted 11:35:50 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, December 3
Affect of banking strike in Southern region

The recent reports have shown that the relay strike of the banks that started yesterday from the southern region, affected transactions of worth Rs 50,000.The strike is supposed to continue for the 3 more days.

Over 10,000 branches of 51 banks in both private and public sector have participated in the strike. The strike will severely affect the transactions. Around 80,000 employees are the part of the strike. Last month also banks halted the...

Posted 11:32:59 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, December 2
HDFC bank’s Blood donation worldwide drive

One of the leading private lending institutions of the country – HDFC bank is conducting a blood donation drive. This is worldwide blood donation drive, the bank will organize 3 donations camps in Mangluru that will held on 5th December, 2014.

This is the annual initiative of the bank. The drive organized by the bank last year was considered as the largest effort of its kind across the globe, with 61,902 participants stepping...

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

Tuesday, December 2
Relay Strike of the banks to begin from today

Recently it was reported that banks are going for the relay strike protesting for the wage revision. The strike is going to be in effect from today itself. The strike is going from 2nd December to 5th December, 2014.

Since November, 2012 the banks are demanding for the wage revision. The banks will begin the strike from the southern region comprising of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana and the Union territories of...

Posted 11:52:25 AM Complete Story | Post Comment | Read Comments(0)

Friday, November 28
BMB bank emphasis women to go for savings

The CMD of the Bhartiya mahila Bank Mrs. Usha stated that women need to be aware of savings account and deposit their savings with the bank. The bank adds on to their savings by paying the interest. BMB is a women specialized bank and Mrs. Usha wanted to make more women indulged in banking and enjoy its benefits.

She also stated that the keeping the money with...

Posted 07:33:39 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 27
Central Bank hiring for the Post of FCCI on contract in Bihar

The central Bank of India is inviting application for the post of bank FLCC on contract. The candidate needs to have experience in working with a public or private sector bank. In addition it is necessary for the candidate to be a retired bank officer in Scale-III.

In order to aplly the candidate must be a Graduate / Post Graduate degree from a UGC recognised university. Candidate should have retired on VRS or on...

Posted 11:40:04 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 26
Canara Bank signed MOU with Micro energy

Public sector bank – Canara Bank has planned to work with Micro Energy. In association with the micro energy the bank will aid its customers with financial assistance in purchasing energy efficient ‘green’ products such as cook stoves, solar home systems, biogas digestors and water purifiers.

With the intent to promote the use and importance of green products the bank has taken this initiative. The bank signed the Memorandum with the micro energy in...

Posted 11:36:42 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, November 26
Kotak Mahindra bank announced its plan to enter in to general insurance business

Recently the apex bank has approved the kotak Mahindra bank to enter in to general insurance business. The Bank has acquired the ING vysya bank and now the bank has announced its plan to enter the insurance business.

Kotak Mahindra is one among the high network popular banks of the country. The bank had earlier received an in-principle approval from Insurance Regulatory and Development Authority (IRDA) for incorporation of the General Insurance firm. Already...

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

Tuesday, November 25
Corporation bank launched a new Corp Excel Branch and e-lobby in Mumbai

In order to add efficiency in the banking the corporation bank is adding more of its ‘Corp Excel’ Branches and e-lobbies across the various branches. The e-lobbies and Corp excel branches help the customers to make the banking transactions easily.

Recently the bank has launched a new Corp Excel Branch and an 24X7 e-lobby in Kandivili(West) Mumbai. The e-lobby serves the customer all around the day. Under the scheme named ‘project Sankalp’ the bank...

Posted 11:29:59 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 25
Bank of India hiring candidates for sepoy post

Bank of India is hiring new candidates for the posts of Sepoys. There are total numbers of 40 vacancies. In order to apply the candidate needs to be a class 10th passed from a recognized university as on May 2012. Candidate need to know Marathi, Hindi and English language. Candidate’s age limit should be more than 26 years. He/ she should have completed 18 years as on December 7, 2012.

Interested and eligible candidate...

Posted 11:13:50 AM Complete Story | Post Comment | Read Comments(0)

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