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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Wednesday, January 29
Awareness campaign on changes in Insurance products

To aware the people on the new product guidelines ICICI prudential life launched a awareness campaign. The campaign is named as ‘insurance aaj badal raha hai’. According to the new rules the insurance products will become more transparent.

The insurance company are asked to stop selling the current products and start with new products that will be in accordance with the new guidelines. senior vice-president and head (marketing), ICICI Prudential Life Insurance reported that last...

Posted 10:54:42 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, January 28
A new conventional product rolled out by Reliance Life Insurance

Reliance Life Insurance recently unveiled a new traditional product – ‘Reliance Super Money Back Plan’. The product is a conventional and non-participating plan. The product will offer secure money back offers and life long cover for monthly income.

The company has launched the plan with the aim of assisting the policy holders with an assured income and safety of the members. All the customers in age group of 18-55 yrs can enjoy the facility but...

Posted 10:58:39 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, January 28
51 new branches launched by SBI Mutual Fund

In order to enhance the circulation of mutual fund across the rural parts of the country, SBI mutual Fund launched 51 new branches in day. The fund acquires for about Rs 65,000 crore assets under management.

Managing director of SBI mutual fund reported that they want to reach out the people in towns where the people are lacking in these facilities and provide them something other than fixed deposits and saving accounts.

The products...

Posted 10:51:32 AM Complete Story | Post Comment | Read Comments(0)

Monday, January 27
Banks can face huge rush of customers in coming days

Banks are expecting a gust of customers after the RBI’s recent decision to withdraw all the currency notes prior to 2005. Lately RBI announced that to end up the problem fake currencies across the country, everyone is required to exchange the notes printed before 2005 at the banks. The banks are preparing themselves to deal with the rush that they might face in the coming days due to this reason. It has been reported that...

Posted 11:01:26 AM Complete Story | Post Comment | Read Comments(0)

Monday, January 27
Tata AIG’s initiative to provide more convenience in service to customers

TATA AIG Life Insurance Company reported that the company is planning to improve its productivity by making the life insurance simpler. The company is launching a bunch of new process that will assist them in enhancing the sales.

Tata AIA Life Senior Vice President & Chief Agency Officer Sachin Joglekar reported that life insurance avails customers with secure income plans, and it is necessary that customers get these facilities easily without any difficulty. The...

Posted 10:49:36 AM Complete Story | Post Comment | Read Comments(0)

Friday, January 24
New Equity scheme unveiled by ICICI Prudential

A new equity fund scheme is unveiled by ICICI prudential. The scheme will primarily aim on investing in equity securities of the companies that are likely to notice expansion on return in equity. Customers can register for the scheme from January 20th to February 7, 2014.

ICICI prudential manager stated that the product is focusing on choosing the stocks that have probability to gain from factors like change in industry, enhancement in economy. He...

Posted 11:24:40 AM Complete Story | Post Comment | Read Comments(0)

Friday, January 24
Bajaj finance planning to offer fixed deposit schemes

It has been reported that Bajaj Finance a non- banking institution is planning to adopt wealth management services. The company will now provide fixed deposit schemes to the customers rather than working as a distributor for other firms.

Bajaj Finance is aiming to come up with a fixed deposit scheme in coming 3 years that will provide maturities varying from 1 year to 5 year further the scheme will offer 10% rate of interest. Special...

Posted 11:15:06 AM Complete Story | Post Comment | Read Comments(0)

Thursday, January 23
Pride moment for IDBI bank

Recently new generation PSU bank IDBI bank achieved Golden Peacock CSR award for the year 2013. On 17th January 2014, at a ceremony held in Bengaluru Shri M.S. Raghavan, CMD, IDBI Bank along with Shri B.K. Batra, DMD, were awarded with this prize. Honorable governor of Kerala Shri Nikhil Kumar handed over the award to IDBI bank as a winner in PSU banks category.

A scholarly jury declared IDBI bank as the...

Posted 10:59:34 AM Complete Story | Post Comment | Read Comments(0)

Thursday, January 23
Health campaign by South Indian Bank and Bajaj Allianz Insurance Company

Recently in Kerala South Indian Bank and Bajaj Allianz organised a Yatra – ‘AROGYA YATRA’ to aware people on better health. The yatra was conducted all over the state spreading the message of better health.

Dr VA Joseph MD and CEO of the bank along with MR. Hiren Vora CDO of the Bajaj Allianz General Insurance company initiated the Yatra. In the yatra a mobile van was there with a panel of doctors...

Posted 10:54:41 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, January 22
Unclaimed deposits in Banks to be utilized: RBI

The apex bank of the country Reserve Bank of India reported that the bank is planning to utilize unclaimed deposits in Banks for depositor’s awareness. It has been reported that the banks are having approximately a sum of Rs 3,500 crore as unclaimed deposits.

The deposits that are not claimed from the past 10 year will be used in creating awareness among depositors. There will be provisions to reclaim the money. A panel of maximum...

Posted 11:07:23 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, January 21
Asset tracking centre launched by SBT

State Bank of Travancore initiated an asset tracking centre. The centre is established to assist the customers in making payments within the specified time. The fully fledged centre was launched by managing director of the bank. The bank has initiated the centre basically to improve the asset quality and it will also help them to look after the accounts properly.

Highlighting the working and features of the centre a spokesperson reported that the centre...

Posted 10:57:55 AM Complete Story | Post Comment | Read Comments(0)

Friday, January 17
Installation of cameras in ATMs enhanced security

For the security reasons banks were planning to install cameras in ATMs. The MD and CEO of a bank reported that the already 75% of 921- strong network ATMs are installed with cameras, which will keep an eye all around the day from the centralized area in kochi.

The person controlling the main centre will inform the police station that will be nearest to the place of affected ATM centre. The installing of camera...

Posted 10:47:00 AM Complete Story | Post Comment | Read Comments(0)

Thursday, January 16
Allahabad bank may take over rupee coop bank

According to a report one of the leading banks of the private sector Allahabad Bank has shown interest in acquiring rupee coop bank. The Kolkata based bank wants to expand its network by taking over the urban coop bank.

Bank wants to scale up its network in pune, at present the bank is having six branches there. Since last year rupee bank is having poor financial status and the bad loans of the...

Posted 11:08:27 AM Complete Story | Post Comment | Read Comments(0)

Thursday, January 16
Spurt in hiring in banking sector

Good news is lined for people seeking jobs in banking sector. Issuing of banking license to various new players will increase the number of hiring in the banking sector. It has been reported that the expanding of banking network by establishing new branches and issuing of new licenses, may come up with hiring of new employees in bulk.

General Manager of a team lease services reported that in the beginning of previous year the hiring...

Posted 11:03:45 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, January 15
New Insurance product rolled out by TATA AIG

One of the top insurance company TATA AIG life insurance initiated a new product Money Maxima. The new product is in accordance with the new guidelines issued by the IRDA this month.

Briefing the benefits of the plan Deputy CEO and CDO of the TATA AIG said that the product will offer dual advantage to its customer. The plan will provide both guaranteed and non-guaranteed returns. The plan is very beneficial for the customers,...

Posted 10:51:04 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, January 14
New super income plan unveiled by HDFC life

HDFC Life Insurance Company decided to come up with a new super income plan. The company propelled the scheme today. It is a customized product that will offer savings as well as protection to the customers.

The Plan will help customers to solve their various purposes like planning for their children’s education or retirement planning not only this but will also assist them to save for their better future.

HDFC life vice president reported that...

Posted 10:58:19 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, January 14
EPFO raised the interest by 0.25%

After the meeting held yesterday EPFO has come up with the final decision to raise the interest rate by 0.25%. Now the EPFO will provide with an interest rate of 8.75% to its 5 crore members on PF deposits.

It has been reported that the organization is having enough of funds that made it possible for them to raise the interest rate. EPFO is waiting for the finance ministry’s nod, once finance ministry approves the...

Posted 10:48:09 AM Complete Story | Post Comment | Read Comments(0)

Monday, January 13
New policy plan to be rolled out by LIC

LIC on its way to re- cast its ‘Jeevan Anand ‘product. LIC has decided to provide with more beneficial combinations of protection and savings to its customers through this plan.

With the product customers can enjoy the facility of lifetime financial safety along with it also provides benefit of lifetime cover even after the maturity amount payment. The customer can avail the policy with in the age 18 – 50 years. The policyholder has...

Posted 10:37:29 AM Complete Story | Post Comment | Read Comments(0)

Friday, January 10
Deposit growth ahead of credit growth by 1.33%

Due to the glooming economy of the country, the credit growth of banks was slow. The apex bank reported that according to the recent data the credit has raised by 14.53% year-on- year.

Hither to it was noticed that deposit growth is leading credit growth. Deposits have grown up by 15.86% , deposit growth is approximately 1.33% ahead of the credit growth. According to 27 December record, growth of 0.96 % was noticed in...

Posted 10:51:42 AM Complete Story | Post Comment | Read Comments(0)

Thursday, January 9
Navavarsha- New deposit scheme by SBT

State bank of Travancore has rolled out a new deposit scheme for its customers. The new scheme ‘Navavarsha’ will provide its customers with an interest rate of 9.10 for tenure of 1 to 2 years. Except for the NRE rupee deposit the rate is applicable for all the segments under domestic term and NRO term deposits.

Further the scheme will offer its senior citizens with an extra interest rate of 0.30% for the deposits...

Posted 10:49:54 AM Complete Story | Post Comment | Read Comments(0)

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