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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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Tuesday, September 23
New mid corporate branches to set up by Syndicate bank

It has been reported that Syndicate bank is opening 50 new mid corporate branches by the end of this fiscal year. While inaugurating a new mid corporate branch bank stated that, these corporate branches will cater to credit requirements of Rs 5 crore and above.

Bank has already established 17 such branches in the country and by is planning to open 35 more branches by the end of December. These mid corporate branches will...

Posted 11:11:51 AM Complete Story | Post Comment | Read Comments(0)

Monday, September 22
SBI to offer credit card along with education loan

Highly networked bank of the country – State Bank of India has recently reported that the bank will now be offering an exclusive facility of the credit card to the students along with the education loan. The bank stated that, this card will help the students to pay the loan on time and avoid being the defaulters.

Bank is having lots of Non-performing assets (NPA) in education loan, so to control them bank has...

Posted 11:40:26 AM Complete Story | Post Comment | Read Comments(0)

Monday, September 22
EPFO to launch UAN facility by 16th October, 2014.

It has been reported that EPFOs plan to provide universal PF account number (UAN) to its customers will be launched on 16th October, 2014. The UAN will assist the subscribers to track the latest details of their accounts along with the downloading facility and collation of pensionable service.

This UAN will abolish the need for the customers to apply again in case they change their job. Their account number will be universally acceptable and...

Posted 11:36:47 AM Complete Story | Post Comment | Read Comments(0)

Monday, September 22
Oriental Insurance Company celebrated its Foundation day

Lately Oriental Insurance Company has celebrated its foundation day. With clients brokers and employees the company celebrated the foundation at Mumbai Regional office 2.

At the occasion a meeting was organized where the general manager of the company along with the M Johnson, DGM and Regional Head of M.R.O. 2 delivered inaugural Address. On the eve of the occasion the company has also organized donation camp and customer orientation program. ...

Posted 11:35:23 AM Complete Story | Post Comment | Read Comments(0)

Friday, September 19
Few days left for applying in United bank of India

It has been reported that the last date for applying for the post of Dealer and Equity Research Analyst at united bank of India is 23rd September. Interested and eligible candidates need to apply before this.

There are total numbers of 11 vacancies. In order to apply for the post of dealer candidate needs to be minimum 21 years and maximum 38 years of age. For the post of Research Analyst Candidate should...

Posted 11:25:34 AM Complete Story | Post Comment | Read Comments(0)

Thursday, September 18
A new portal- e-integration in bancassurance launched by Canara HSBC oriental Bank of commerce

On Wednesday Private insurance Company- Canara HSBC Oriental Bank of Commerce Life Insurance propelled CHOICeNET portal. This portal is the part of banassurance. Through this portal the bank employees will provide the information for their user life insurance policies.

This new portal launched by the company is embedded with the partner banks' intranet. Through this the insurance company will easily check the information of insurance policy details and will also enable them to track...

Posted 11:34:31 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, September 17
Allahabad Bank bags award

On 14th september 2014, a function was organised at Rashtrapati Bhawan were different banks were awarded for thier well performances. Allahabad Bank was awarded with second prize in “region ‘C’” banks for the year 2012-13.

It has been reported that the Chairman and managing director of the bank was awarded with the shiled by the prseident Mr. Pranab mukherhjee. Under the Indira Gandhi Rajbhasha Shield Scheme of Department of Official Language, Ministry of Home Affairs the...

Posted 10:39:57 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, September 17
OBC bank's employees to contibute for the victims of J&K

To support the victims of flood in Jammu & Kashmir the employees of Oriental Bank of Commerce have decided to help them. The staff has planned to donate thier one day salary for the people effected over there.

Apart from banking banks also work for the social well being of the society. it has benn reported that there are total number of 20,157 employees who contiduting their one day salary to Prime Minister's National Relief...

Posted 10:36:19 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, September 16
SBI revised rates for the term deposits of less than 1 crore

Highly Networked bank of the country State bank of India has made certain amendments in the rates on retail term deposits. For the term deposits of below than Rs 1 crore the bank has revised its interest rates.

For the period of 1 to 3 years the bank has reduced the rate from 9 % to 8.75 %. Hitherto for the tenure of 180 to 210 days the bank has increased the rate y...

Posted 11:28:33 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, September 16
Canara Bank received 1st Prize

It has been announced that last day Canara Bank was awarded with the 1st prize. Canara bank is one among the best banks in the country. For its services and banking facilities, bank is being honored by the president of the country.

Chairman and managing director of the bank Mr. Rajeev kishore Dubey informed that yesterday at the Rashtrapathi Bhavan Auditorium in New Delhi Mr. Pranab Mukherjee Awarded the bank with the 1st...

Posted 11:20:18 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, September 16
J&K bank entered into partnership with NCML

Private sector bank Jammu & Kashmir Bank has tied up with National Collateral management services (NCML). Through this bank will offer the financial assistance to the farmers and traders at every stage of their process beginning from the pre harvesting up to the end i.e. marketing.

This partnership will help the bank to spread out its network across the state and will also help to build the network across the wide network of NCML...

Posted 11:14:31 AM Complete Story | Post Comment | Read Comments(0)

Monday, September 15
HDFC to issue debit card PIN through SMS

The largest credit issuer of the country – HDFC bank has planned to issue the debit card PIN to the customers through SMS. With the aim of being eco friendly the bank wanted to save paper and instead of sending PIN of the debit cards through post it will be send through the SMS.

Senior vice president of the bank Mr. Rao stated that this initiative is not only eco friendly but this will...

Posted 11:32:35 AM Complete Story | Post Comment | Read Comments(0)

Monday, September 15
SBI to introduce EMI facility on tractor loan

The largest lending bank of the public sector – State Bank of India has decided to introduce the EMI facility for the farmers. This mode of repayment will help the farmers to pay back their loan with ease.

With the purpose to curb the problem of rising bad loan in the tractor segment bank has presented this initiative, further the bank is also boosting women of the farm household to become the co...

Posted 11:26:49 AM Complete Story | Post Comment | Read Comments(0)

Friday, September 12
New branch of Corporation bank in Maharashtra

Public sector Bank – Corporation bank has lately launched a new branch to offer its services in Thane district Maharashtra. Bank is having vast network in Maharashtra with 43 branches and 50 states covering different parts of the state Chembur, Ghatkopar, Powai, Vikhroli, Bhandup and Mulund areas of Mumbai, and Raigad, Ratnagiri, Nashik and Thane.

Corporation bank is one among the finest banks. This is the 44th branch of the bank in the state. The...

Posted 11:21:50 AM Complete Story | Post Comment | Read Comments(0)

Friday, September 12
SBI will hire new employees equivalent to the number of staff getting retired

A recent report displayed that the country’s most networked Bank State Bank of India has decided to hire the new employees on basis of number employees retired. In recent time bank has received an enormous number of applications from the aspirants. For the limited vacancies bank has received immense number of applications.

The bank has decided to hire number of new employees equivalent to the numbers that are retiring. According to the data observed this...

Posted 11:16:39 AM Complete Story | Post Comment | Read Comments(0)

Thursday, September 11
PO vacancies in SBI and its associate bank

Here is the opportunity for all the aspirants desiring to work with State Bank of India and associate banks. Recently SBI has issued a notification stating that bank will be recruiting 2986 probationary officer posts in SBI and its associated banks.

All those who have completed their graduation or are in the final year of their graduation can apply for this post. The candidate needs to be in the age of 21yys to...

Posted 11:24:26 AM Complete Story | Post Comment | Read Comments(0)

Thursday, September 11
Financial literacy needs to be enhanced in India: MD of Canara bank

At the launching ceremony of a book the chairman and MD of the canara bank stated that financial literacy is low n our country. He highlighted the necessity of financial literacy.

It is necessary to guide the people on the needs of savings account the benefit of fixed deposits. To impart the financial education a lot more new bank branches need to be developed all across the country. He also stated that unlike...

Posted 11:22:28 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, September 10
Applicants invited for various post by UBI bank in Mumbai

Union bank of India has invited applications in Mumbai for the various post. The candidates interested can apply for the post of Dealer (Specialized Segment) - IV, Dealer (Specialized Segment) - III, Equity Research Analyst (General Segment) - III Posts.

The union Bank has its main headquarters in Mumbai only. There is total number of 11 posts. In order to apply it is necessary for the candidate to hold a post graduation degree...

Posted 11:17:58 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, September 10
Hiring for different post in Indian Bank chennai

Indian bank is recruiting candidates for the various post in Chennai. The bank is hiring candidates for the post of Armed Guard-cum-sub staff, Armed Guard-cum-driver-cum-sub staff. The bank announced that there are total numbers of 13 posts. Interested candidates need to apply before 25th September, 2014.

Before applying candidate need to ensure that he/she satisfies the eligibility criteria. Candidates applying for the post should not age more than 45 years as on July 1,...

Posted 11:15:01 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, September 9
RBI established a new financial literacy gallery

With the aim to maximize the awareness on finance and banking, the Reserve bank of India has established a permanent gallery that will spread awareness on financial literacy. The gallery is open for the common people.

It will be informing the people regarding the fundamentals of banking like purpose of savings, tips for secure banking, benefits of fixed deposits, recurring deposits etc. The people will be guided through the digital display and audio visual facility.

...

Posted 11:05:45 AM Complete Story | Post Comment | Read Comments(0)

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