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
By Neelima Shankar

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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(31)

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)

Wednesday, October 15
Union bank of India introduced bill payment service for MTNL users

It has been reported that Union bank of India has launched a new bill payment service for the MTNL subscribers. The bank has reported that for the MTNL subscribers bank the bank has introduced facility that will make their bill payment system easier. The Customers will be able to pay their bill using mobile banking applications of their respective banks.

For the first time a bank has introduced a bill payment service through mobile banking application....

Posted 09:25:37 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, October 15
Cooperative banks should also actively participate in PMJDY

As we all know the contribution from the banks is very essential in making PMJDY a success. in order to accomplish it the BJP president Mr. Amit Shah has asked the cooperative banks of Gujarat to partcipate as well. The govt. bank coopertaive banks to help in opening maximum savings account and achieve the aim to have a savings account in each household.

Mr shah alos inaugrated the RuPay ATM and debit card and first ATM...

Posted 09:22:15 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 14
Kaypay FB based money transfer system: Kotak Mahindra bank

Fourth largest Indian private sector bank – kotak Mahindra bank has rolled an innovative payment system for facebook users customers. To make the payments instantly the bank has introduced Kaypay payment system. This system will allow the facebook users to send money to each other.

The bank reported that this system will eliminate the need to have net banking, details of the bank account of the payee. Bank account holders can now transfer money...

Posted 11:22:38 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 14
IOB bank to work with Naturals to assist women entrepreneurs

Indian overseas bank has planned to work with Naturals – a hair and beauty chain. The bank is planning to expand its services in the northern India, with the help of naturals. The bank will be providing the women with the collateral free loan who are planning to set up Naturals salon, Spa or lounge.

Through this tie the women entrepreneurs will be offered with collateral free loan and in addition to this...

Posted 11:20:56 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, October 14
Banks working actively for the PMJDY yojana

The reports are informing that the Indian banks are working steadily on thePradhan Mantri Jan Dhan Yojana(PMJDY). All the banks are actively working on this and contributing their share. Fulfilling its part of share the Union bank of India has opened 18.40 lakh savings accounts.

With the aim to provide one savings account in each household, all the banks are opening savings account in ample number. PMJDY is the part of the financial...

Posted 11:18:44 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 13
Applications invited for senior executive post in SBI

The largest lending institution of the country SBI is hiring for the post of senior executive. The bank is inviting application for senior executive post with a package of Rs 25 lack per annum. In order to apply for the post the candidate needs to be in the age group of 40 to 55 years.

Further he/she must have done C.A/Post Graduation Diploma in Company Secretary/Post Graduation in any other discipline from a...

Posted 11:24:12 AM Complete Story | Post Comment | Read Comments(0)

Monday, October 13
PNB bank’s contribution in Swachch Bharat Abhiyan

Public sector bank Punjab National Bank has decided to support the Prime Minister’s Swachh Bharat Abhiyan. The Bank has plans to put his contribution in making or country clean. With the intent to do so the PNB bank has taken up the responsibility of two ghats in Varanasi to keep them clean throughout the year.

The bank will ensure to maintain the cleanliness and neatness of the Rewa Ghat and Ganga Mahal ghat'...

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

Friday, October 10
FIR against the officials of AXIS bank

It has been reported that the police has been asked to file a case against the officials of a highly reputed private sector bank – Axis bank. The Golf Technologies (P) Ltd has registered a case against the officials of axis bank for alleged fraud worth nearly Rs 20 crore.

It has been claimed that the senior officials- Chief executive officer, chief operating officer of the banks are responsible for the fraud. The company...

Posted 11:24:41 AM Complete Story | Post Comment | Read Comments(0)

Thursday, October 9
UCO bank signed MOU with PSFC and PAIC

To boost the National pension scheme (NPS) in villages and under privileged sections of the country, UCO bank and Punjab State Farmers Commission (PSFC) with Punjab Agro Industries Corporation (PAIC) signed a MOU.

Last day UCO bank and PSFC decided to work together to attract more people specially farmers towards the NPS. Through this bank will also offer a proper platform to the people for their savings by providing the facility of savings account....

Posted 11:34:15 AM Complete Story | Post Comment | Read Comments(0)

Thursday, October 9
Self service kiosk for ICICI Lombard insurance customers

In order to make the facilities related to insurance more convenient ICICI Lombard has rolled out self service kiosk for the customers. The private insurance company has established self service kiosk in three major metropolitan cities Delhi, Bangalore and Mumbai.

With the help of the kiosk the customers will be easily able to print policy certificate, query regarding update, make policy endorsement etc. In addition to this it also offer the facility to renew...

Posted 11:25:28 AM Complete Story | Post Comment | Read Comments(0)

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United bank organized one day financial literacy camp Dec 18, 2014
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