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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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Monday, May 26
SBI hiring Post assistants for clerical grade

Largest lending institution of the country State bank of India has invited the applicants for the post of assistants in clerical grade. There are total number of 5092 posts. The interested and eligible candidates can apply from 26th May,14 and the last date to submit the application is 14th June,14.

There is a Special recruitment drive for assistants in Kashmir Valley/Ladakh vacancies, that will account for 125 posts. The candidates having graduation...

Posted 11:04:46 AM Complete Story | Post Comment | Read Comments(0)

Monday, May 26
New circle office of Canara Bank at Tirupati

State owned bank Canara Bank has opened a new circle office at temple town of Tirupati. In the new circle office bank has established a new e-lounge as well which will assist people with more enhanced services.

The CMD of the Bank Mr. RK dubey reported that this circle office in Tirupati is the 37th office of the bank. The office will be covering 6 districts of the Andhra Pradesh and 63 branches from...

Posted 11:00:42 AM Complete Story | Post Comment | Read Comments(0)

Friday, May 23
Insure your home with Bajaj Allianz

Bajaj Allianz recently launched a new Home Insurance Product. In order to assist the customers with better home insurance features the company launched a new plan ‘all – encompassing’ Home loan product.

While keeping the needs and demands of the consumer in mind company has launched the product that will assure of covering the right value of the home. A private general insurer stated that ‘My Home Insurance all risk policy’ will cover all the...

Posted 11:09:41 AM Complete Story | Post Comment | Read Comments(0)

Friday, May 23
BMB bank achieved it disbursal target

It has been reported that the women oriented bank of the country- Bhartiya Mahila Bank in its first year of operation achieved its disbursal target. Bank has given loans of Rs 89 crore mainly to the women of NBFCs.

The bank has given the loan of about Rs 70 crore in the first five months of its banking. In the beginning year of its working, bank is doing quite well. In the November-March period, BMB...

Posted 11:05:02 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 22
New designed website of ICICI bank with more interactive features

With the aim to provide better and enhanced interface to its customers second leading bank of the country- ICICI bank has made its website more interactive. Bank has redesigned its website which will offer more interactive interface across the mobiles, computers and tablets.

It has been reported the new website will provide customer with the facility to view their friends, activities and can also receive the location specific information. It will also help the...

Posted 11:15:31 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 22
Post offices to work as payment banks

The finance Ministry is not in favor of allowing the Indian Post to get the banking license, but RBI governor Raghuram Rajan said yesterday, there is possibility that Indian post can be given limited banking license. Indian post can work as a bank, but will offer only specified and limited services.

Indian post will only be allowed to raise deposits and offer payment and remittance services, and further the entire amount would be have...

Posted 11:01:40 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, May 21
Rising defaults in Education loan

It has been reported that the defaults in the education loan in the banks are continuously rising. Due to the low salary in the beginning, students are facing problem in repaying back the education loan.

Last year the gross NPA of the education loan was about 5-8%. The Gross NPA of education loan has increased from 3.5% to 5.5% during the last fiscal year. CMD of the Indian bank stated that in order to...

Posted 11:10:25 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, May 21
Bank union to go on strike on 23rd may

Against the decision of the Nayak committee bank union has decided to go for the strike on 23rd May, 14. Many bank employees and associations are not in the favour of the privatization of the state run banks. In order to protest against the decision they have decided to go for the strike.

RBI in its last meeting had suggested the government to cut its holding in public sector banks to below 50...

Posted 11:00:28 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, May 20
Opportunity for the aspirants to work in banking field

Good news lined up for the job aspirants look to work in the financial sector. It has been reported that banks in the country are expected to generate a huge number in coming three years. Banks are supposed to hire nearly 50,000 employees. Besides this 55,000 jobs are there to be generated by the public sector banks.

Managing Director of City Union bank reported that new employees need to have good customer understanding and...

Posted 11:16:54 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, May 20
SBI bank planning to offer equity share worth Rs 55.56 lakh to its employees

State bank of India has decided to provide its staff with 55.56 lakh equity shares of Rs 10 to each of its employee. Under an Employee Stock Purchase Scheme (ESPS) the bank has planned to offer its staff with it in one or more branches.

As per the decision of the board the bank will offer the discount on the equity shares to its employees. It has been reported that the discount will be...

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

Monday, May 19
UBFU demanding for nationalization of private sector banks

It has been reported that the united forums of the bank Unions (UBFU) has called up the banks for a protest. The UBFU has asked the employee to form protest meeting against the Nayak committee decision of privatization of Public sector banks. The UBFU has called up for this meeting after the working hours on 21st May, 14.

Many private sector banks are not in the favour of the privatization of the public sector...

Posted 11:13:05 AM Complete Story | Post Comment | Read Comments(0)

Friday, May 16
Non-interest income act as saviours for the banks

Though the banks are facing a drop down in the corporate loans, which has led to the low rise in interest income of the bank but the earnings from fees and commission, dividends from subsidiaries, trading profit and foreign exchange have dampened the effect. These earnings from fees and commissions has helped the banks to move towards the improvement in profitability for the march end.

According to the data higher dividends, subsidiaries...

Posted 11:12:09 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 15
Only 2% subsidy on education loan

According to the reports govt. is ready for providing the 100% interest subsidy to the education loan borrowers but many public sector banks are not in favor of the passing on the benefit. The chief manager of one of the branch of the Bank of India explaining the truoble of the bank cleared to a borrower that the education loan subsidy is only 2 % and the total exemption is not there.

However Mr....

Posted 11:09:49 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 15
Syndicate bank expanding its network abroad

Public sector Bank Syndicate bank is about to launch a new branch overseas. Soon the bank will approach to the apex bank for the permission. Executive Director of the bank Mr. M Anjaneya Prasad reported that the places of South Africa,Dubai Financial Centre, Hong Kong, Thailand and China are being examined for opening the new branch.

Further it has been reported that the branches in the foreign place like these are the capital...

Posted 11:06:56 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 15
Session on importance of financial inclusion by J&K bank

Jammu and Kashmir Bank organized an interactive session with its customers. The session held at in village Teelwani in south Kashmir. A large number of people attended the session. In order to aware the people and highlight the importance of financial inclusion the bank organized this interactive session.

J&K Bank President Rajesh Kumar Chhibber.Sarpanch of the village, local Auqaf President, branch head of Teelwani business unit and senior officers of the bank were present...

Posted 11:03:41 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, May 14
Nanhi kali – New RD scheme rolled out by BMB bank

The women oriented bank- Bhartiya Mahila Bank of the country has recently launched an exclusive recurring deposit scheme. The new recurring deposit scheme named ‘Nanhi Kali’ is especially for the girl child.

According a report from the bank all the gild children in the age from 1 day to 13 years are eligible for the scheme with a minimum investment of Rs 50 or more but it should be the multiples of 50. In...

Posted 11:08:20 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, May 14
Financial Literacy program by RBI

The apex bank of the country – Reserve bank of India lately entered a school and spread the awareness regarding financial inclusion among the children. RBI discussed the importance of financial inclusion with the children.

Assistant General Manager of RBI shailaja singh highlighted the importance of passwords in online banking and said that passwords should not be shared with other, they must be kept confidential. Further she said if consumer finds any problem or...

Posted 11:06:09 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, May 13
SBI PO exam is likely to be held in June

According to the reports recently SBI invited applicants for the post of PO through a competitive exam. The recruitment will be for the 1,897 posts of Probationary Officers. In the earlier notification the date of the exam was not decided but it is expected that the Exam is likely to be held on 14th of June. The registration process for Applying for the post has ended.

Out of 1897 seats 758 are for general...

Posted 11:07:27 AM Complete Story | Post Comment | Read Comments(4)

Tuesday, May 13
RBI allowed banks to sell structured products overseas

Last day apex bank of the country – RBI stated that Indian banks can now provide the structured derivative overseas. RBI said that but they could sell these products only in established financial markets. RBI has allowed the banks to sell these products through foreign even if they are not allowed in India.

Foreign branches can sell these products only in the well established branches outside the country such as New York, London, Singapore, Hong...

Posted 11:05:17 AM Complete Story | Post Comment | Read Comments(0)

Monday, May 12
BMB bank requires no more capital from govt.

It has been reported that the women oriented bank – Bhartiya Mahila Bank said that it does not require more funds for its operations now. Bank reported that bank is well capitalized currently and is in no need of capital.

Finance Minister Mr. Chidambaram stated that they will provide full financial support and help to the bank as per required since it’s a new established bank , but the Bhartiya Mahila Bank which...

Posted 11:19:22 AM Complete Story | Post Comment | Read Comments(0)

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