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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, July 1
Corporation Bank launching new Branches across the country

Public sector Bank – Corporation bank has planned to open 500 new branches across the country. In order to increase its banking network, bank has decided to come up with the new branches offering the best banking services to the customers.

Chairman and managing Director of the bank stated that by the end of this fiscal year bank is planning to have 500 more branches. Further at the 17th Annual meeting of the bank...

Posted 11:03:18 AM Complete Story | Post Comment | Read Comments(0)

Monday, June 30
New ED of Axis Bank

It has been reported that the third largest leading bank of the country - Axis bank has appointed new ED for looking after its banking management. The board of directors of the bank has appointed Mr. Sanjeev Gupta as the new Executive director of the bank. Mr. Gupta will be taking charge of the bank from 1st September.

Mr. Gupta has been working with the bank since 2009, as a president and CFO...

Posted 11:39:07 AM Complete Story | Post Comment | Read Comments(0)

Monday, June 30
New Banking management course offered by times pro

Times pro, Times Centre for learning is offering a post graduate diploma in banking. Keeping the industry requirement and needs in mind the times pro has designed this course. This course is specially designed for the students looking forward to make their career in banking and finance. The students who completed a full time graduation in any course with a minimum percentage of 50% are eligible for this course. Applicants are also required to...

Posted 11:15:51 AM Complete Story | Post Comment | Read Comments(0)

Friday, June 27
HDFC bank expanding its network in south

Public sector lender HDFC bank is rapidly setting up the branches in south. In last five years bank has doubled its branch. Bank is having 200 branches in Tamil Nadu. Recently bank has launched its 200th branch in Tamil Nadu.

Mr. Dhiraj Relli, Branch Banking Head inaugurated the branch in Coimbatore, while inaugurating he stated that this is the 18th branch in Coimbatore and 200th Branch in Tamil Nadu. The new branch is...

Posted 11:28:10 AM Complete Story | Post Comment | Read Comments(1)

Friday, June 27
Hiring of 1,100 staff in Allahabad Bank

Good news lined up for the aspirants looking to work with Allahabad bank. Allahabad Bank will be recruiting new employees this year. The bank is seeking to hire 1,100 new people by the end of this fiscal.

The chairman and managing director of the bank stated that 600 recruitments will be made at the officer level and the remaining 500 will be of clerical grade. Further he also stated that the bank...

Posted 11:25:29 AM Complete Story | Post Comment | Read Comments(0)

Thursday, June 26
ICICI bank and DMRC together launched a combo card

Second largest leading bank of the country, ICICI bank has launched a dual card in association with the Delhi Metro Rail Corporation (DMRC). This is a unifare card which will provide dual functioning to the users. User can use it as a debit/credit card as well as a smart card for the metro travelling.

This an innovative card offering dual card benefits to the user. Bank will also be launching similar cards in other cities...

Posted 11:29:35 AM Complete Story | Post Comment | Read Comments(0)

Thursday, June 26
Life Insurance companies to use ATMs for selling Insurance products

In order to sell the insurance products and make them more attractive Insurance companies are planning to use the ATMs for selling the insurance products. It has been reported that Banks are having a wide network of ATMs, and maximum of banking these days is done through ATMs.

Insurance companies feel that with the help of ATMs they can sell the insurance products by bringing down the overall distribution cost. Life Insurer is currently speaking...
Posted 11:26:35 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, June 25
UBI bank expecting 30-35% growth in its consumer loan

State owned bank Union Bank of India stated that bank will continue to focus on its retail loan growth. Bank is expecting a growth of 30-35% in its consumer loan portfolio in the current fiscal year.

Despite the Reserve Bank of India (RBI) allowing it to consider loan proposals up to Rs 200 crore from ‘AAA’-rated companies, the bank has decided to focus on retail loan growth. Retail loan of the bank comprises of...

Posted 11:32:50 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, June 24
Allahabad bank launched new ATMs, e-lobbies

State owned bank Allahabad bank recently initiated new lobbies, banking kiosk and ATMs. In order to expand the banking network, bank has inaugurated 10 e-lobbies called ‘AllBank convenience’, 50 cash deposit kiosk and 50 ATMs.

The chairman and managing director of the bank Mr. Rakesh Sethi inaugurated the E-lobbies, Kiosks and ATMs. Further the bank has launched a ATM cum debit card for the its customers. Following the launch, the number of e-convenience lobbies...

Posted 11:54:39 AM Complete Story | Post Comment | Read Comments(2)

Tuesday, June 24
SBI started fellowship program for rural development

To make the young people work for the development of the country, State bank of India has initiated a new program 'SBI Youth for India fellowship'. This fellowship program will make the urban youth to work for the development of the rural part of the country. The youth will be working on several development projects for 1 year.

The SBI has decided to start up this program in association with the NGOs. It has...

Posted 11:52:22 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, June 24
KVG rural bank expanding its network

A regional rural bank of the country Karnataka Gramin bank has planned to increase its banking network. The bank is setting up 30 regular branches and 25 Ultra Small Branches and 75 new ATMs across the country.

At present bank is having 546 regular branches and 50 ultra small branches. The bank is also providing many other banking facilities like safe deposit locker facilities at all its city branches. This will help the people...

Posted 11:41:14 AM Complete Story | Post Comment | Read Comments(0)

Monday, June 23
BMB bank decided to work with Gujarat Chamber of Commerce and Industry

In order to support the women entrepreneurs the women oriented bank of the country ¬– Bhartiya Mahila Bank has signed a MOU with Gujarat Chamber of Commerce and Industry BWW. With the help of this bank is planning to assist the women entrepreneurs of the Gujarat.

From the beginning only bank is having the aim to assist the women and provide the best banking services to the women. Chairman and Managing Director Usha...

Posted 11:23:37 AM Complete Story | Post Comment | Read Comments(0)

Friday, June 20
Tigerair working with ICICI bank to offer complimentary return tickets

Second Largest leading bank of the country –ICICI bank has decided to work tigerair to provide complimentary Singapore return tickets. Tigerair Singapore-based budget air carrier in partnership with the ICICI bank has decided to offer the customer with the complimentary return ticket on one-way fare to Singapore.

On the other hand ICICI Bank’s credit, debit and prepaid cardholders can avail and the enjoy the benefit ‘Pay to go’ complimentary return scheme. It has been...

Posted 11:29:52 AM Complete Story | Post Comment | Read Comments(0)

Friday, June 20
Financial literacy camp organized by SBI

Recently State bank of India has organized a financial literacy camp at Chenmoho village. The aim of the camp was to create the awareness among the villagers regarding banking and encourage them to open saving accounts, recurring deposit account, term deposit account, basic savings accounts etc.

The camp highlighted on the advantages of availing credit facilities like Kissan Credit Card, people were informed regarding the banking services and their advantages that they were unaware...

Posted 11:22:36 AM Complete Story | Post Comment | Read Comments(0)

Thursday, June 19
New Insurance product unveiled by HDFC life Insurance

One of the finest private Insurance Company – HDFC life Insurance has planned to launch a new online Insurance product. The new insurance product named click2invest is a unit linked insurance plan that will offer wide range of options with minimum charges.

This online plan is cheaper in comparison to the offline plans. Click2Invest offers the choice of eight funds for investment keeping in mind the market outlook, time horizon and the needs of...

Posted 11:22:06 AM Complete Story | Post Comment | Read Comments(0)

Thursday, June 19
SBI hiring 7200 new employees

Largest leading Bank of the country - State bank of India has unveiled its plan to hire nearly 7,200 employees as its staff. It has been reported that nearly 8100 staff of the bank is set to retire by the end of this fiscal year, so in order to fulfill the requirement the bank is recruiting 7200 new staff

Chairperson of the bank Mrs. Bhattacharya stated that they are trying to increase their dependence...

Posted 11:19:50 AM Complete Story | Post Comment | Read Comments(0)

Thursday, June 19
Banks failed in achieving their target to set up ATMs.

According to the reports 18 PSU banks have failed in setting up the number of ATMs they have decided to set up by the end of the 2013-14. SBI and PNB are two leading banks among them.

As per the plan a total of 34,668 onsite ATMs were to be installed by PSU banks during the last fiscal, but the banks failed to set up these many ATMs leaving nearly 9,300 branches without the...

Posted 11:13:09 AM Complete Story | Post Comment | Read Comments(0)

Friday, June 13
RBI soon launching payment banks

Last day the apex bank of the country Reserve bank of India stated that RBI soon will come up with the payment banks. RBI governor stated that there is the high potential for financial inclusion therefore RBI has decided to come up with the payment banks. RBI will soon issue the guidelines for it. RBI will issue separate guidelines for the small and medium sized banks. Soon the first payment bank will be launched....

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

Friday, June 13
Banks need to pay heed towards their work culture

Yesterday a top bank official stated that the work culture in some private sector banks, can lead to reputation risk. Bank need to improve their work culture and focus on retaining and managing talent.

The apex bank observed that the banking profession is being hated by some youngsters . Recently RBI has issued pink slips to many of the employees. When they fail to meet the management’s expectations on the targets, the employees are coldly...

Posted 11:27:33 AM Complete Story | Post Comment | Read Comments(0)

Friday, June 13
India to soon have ANZ Bank branches

It has been reported that RBI has allowed Australia and New Zealand Banking Group (ANZ) to open new banking branches in the country. Banking branches will be established in gurgaon and banglore. Bank is already having one branch in Mumbai. CEO of the bank reported that The new branches will complement our existing branch in Mumbai by enabling greater coverage and connectivity for our customers. Foreign banks are increasing their network in India rapidly.

Previouly 

Posted 11:25:39 AM Complete Story | Post Comment | Read Comments(0)

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