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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Thursday, July 17
New Branch of ICICI bank at Vishakhapatnam

The second largest leading bank of the country – ICICI bank has taken a step forward to expand its network. The bank has inaugurated a new branch in Vishakhapatnam.

The new branch was inaugurated by C.N.Rao, Senior General Manager, Laurus Labs Ltd. This new branch is the 9th branch of the ICICI bank in Vishakhapatnam. The branch will be serving the customers six days a week Monday to Friday it will open...

Posted 11:29:06 AM Complete Story | Post Comment | Read Comments(0)

Thursday, July 17
Candidates agitated with the Canara bank’s new format for recruiting

It has been reported that candidates going for the interview in Canara bank are strongly demonstrating against the new format of the bank of asking the personal details from them.

A women candidate has raised her voice against the bank’s recruiters questioning her regarding her menstrual cycle details. The Candidates are protesting against this in various parts of Kerala. Against this new format the candidates demonstrated at various places, including Kozhikode and Kochi, today...

Posted 11:18:50 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 16
SBI slashes deposit rates by 0.50%

The largest lending institution of the country – State bank of India yesterday unveiled the new rates. The SBI has reduced its deposit rates by 0.5%. For the short term deposits for the tenure of 179 days the bank has reduced the rates by 0.5%. It is assumed that the other banks might go for the same.

For the period of 7 -179 days earlier the rate was 7.5% now it has been reduced...

Posted 11:24:36 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 16
Literacy Camp organized by NABARD

In a bid to increase the literacy and awareness among the villagers the National Bank for Agriculture and Rural Development (NABARD) launched a financial literacy camp. The chief General Manager of the bank has asked the farmers and the others to come and attend the camp that guided them to utilize the services provided by the banks.

On the occasion of 33rd foundation of the bank the bank organized this camp named Vidya Saksharatha...

Posted 11:19:12 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 16
UCO bank bags first prize

Public sector bank UCO bank has won award for highest average loan to SHGs in West Bengal. The bank has been awarded with the first prize under the commercial banking category. This is the pride moment for the bank. It has been reported that lately bank was also awarded with the Platinum SKOCH Inclusion & Deepening Award 2014 for its tremendous work.

Constantly bank is showing excellent performance in the banking sector. On...

Posted 11:14:42 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 15
Banks to set ATMs that can generate small denominations notes

The Apex Bank has asked the banks to come up with the ATMs for the rural areas that can generate the currencies with the smaller denominations. The ATMs in the urban areas generate the notes of the higher denominations, generally 500 or 1000. It has been reported that the people in rural areas are requiring the currency of the smaller denominations.

The RBI has asked the bank to come up with the appropriate solution for...

Posted 11:20:46 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 15
Corporation bank signed MOU with Atul Auto company

Public lending institution- Corporation Bank has decided to work with Gujarat based company - Atul Auto. In order to finance the commercial vehicles manufactured by the Atul auto, the bank has tied up with this auto company.

The bank release stated that through this partnership bank will be providing financial assistance to the customers for buying its commercial vehicles across the country. The bank will become the preferred financier for financing commercial vehicles of...

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

Monday, July 14
Indian Bank to provide banking in Slum Areas

To provide the banking services to the poor people, Indian bank established two new branches in the slum areas of Royapuram, Tiruvotriyur, Tondiarpet in North Chennai and Kannagi Nagar, Thanthai Periyar Nagar and Semmencherry in South Chennai.

Governor of the apex bank Dr. Raghu Ram Rajan inaugurated the new branches. The two new branches are mobile branches with the ATM facility. While addressing at the ceremony Chairman and managing director of the bank...

Posted 11:37:54 AM Complete Story | Post Comment | Read Comments(0)

Monday, July 14
Hiring in Bank of India for various posts

 One of the leading banks of the country - Bank of India is inviting applications for the various posts. The bank is hiring for the post of office assistant, attendant and RSETI coordinator. For the post of office assistant candidate needs to be graduates and should have basic knowledge of accounts. For the post of attendant the candidate must be 10th pass knowing how to speak and write English and Hindi. RSTEI candidate...

Posted 11:32:56 AM Complete Story | Post Comment | Read Comments(0)

Monday, July 14
Banks using analytics to control the online frauds

These days the frauds through the online banking are raising rapidly, in a bid to control this, the banks have come up with a new measure. It has been reported that the banks are using analytics to detect the suspicious transactions.

The third largest lending institution – HDFC bank has already implemented the analytic software. It was informed that if the customer undertakes a transaction in Delhi within an hour of a transaction in...

Posted 11:26:07 AM Complete Story | Post Comment | Read Comments(0)

Friday, July 11
Applications invited for Assistant/Office Attendant under the sports category: RBI

The apex bank of the country – Reserve bank of India has invited the applications for the post of assistant and office attendant under the sports category. There are total no 53 vacancies. In order to apply the candidate needs to hold a graduation degree in any discipline and should be from the university within the recruitment zone. Candidate must be of age in between 18 to 26 years as on July 1,...

Posted 11:23:05 AM Complete Story | Post Comment | Read Comments(0)

Thursday, July 10
Easy to get education loan

Good news is lined up for the students. No more the students will need to worry about their marks before applying for the education loan. Madras High court has ordered that bank cannot fix 60% as the minimum marks requirement for the students to get the education loan.

It has been directed that banks cannot deny to sanction the loan on the basis of minimum marks. Even if a student fails to score 60%, yet...

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

Thursday, July 10
New Prepaid health Card for Magma HDI insurance company customers

Magma HDI (MHDI) general Insurance Company is launching a new prepaid card for its customers. Company stated that company is bringing out this card that will assist the customers in making the payments at outpatient departments and day-care facilities of hospitals. This card will be similar to the other debit and credit cards but for the use in hospitals only.

The chief executive officer of the company stated that the card will be linked to...

Posted 11:14:33 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 9
100 new branches of Indian Bank in South India

Within next two years Public sector bank – Indian Bank has decided to establish 100 new branches in Andhra Pradesh and Telangana. Last day the Chairman and managing director of the bank T M Bhasin announced their plan at the inauguration ceremony of the new branch of the bank at Banjara Hills branch and an ATM.

Further Mr. Bhasin also stated that the new branches will help to promote the development and business of...

Posted 11:10:00 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 8
Dena Bank offering loan cover in association with USGIC insurance company

Public sector Bank - Dena Bank has decided to work with Universal Sompo General Insurance Company. In order to keep a check on the loan misconducts and to provide the loan insurance cover to the borrowers the bank has decided to work with the insurance company.

It has been reported that in case the borrower is unable to pay the loan because of the mishaps, such as major illnesses and medical procedures, accidental...

Posted 11:37:10 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 8
Citi Bank reported a growth of 6.4%

Last day Citi bank has reported a growth of 6.4%, in its net profit. For the financial year 2013-14, by the end of March the profit of the bank has increased to Rs 2893 from Rs 2718 crore.

The bank has shown an exceptionally well performance even at the time of glooming economy. Citi bank was best among all the foreign banks in year 2013-14. The bank’s net interest income for the financial...

Posted 11:19:31 AM Complete Story | Post Comment | Read Comments(0)

Monday, July 7
Hiring for assistant post in IDBI bank

Public sector Bank IDBI bank is hiring employees for the post of assistant managers. IDBI bank is recruiting new employees for the 500 posts of assistant manager. All those are seeking to work in the banking sector have a good opportunity to apply. Interested candidates need to apply before 12 July, 2014.

Interested candidates need to have graduation degree from a recognized university. The candidates applying for this post should be aged between 20 and...

Posted 11:24:53 AM Complete Story | Post Comment | Read Comments(2)

Monday, July 7
New Revised rates of SBT

State Bank of Travancore customers will be now charged with more rates. SBT has increased it rates for the for domestic/NRO/NRE term deposits. The new rates are applicable from the July1, 2014.For the time period of 5 yrs and above bank has increased the rate by 0.25%, the new rate is now 8.75%. For the people above the age of 60 yrs (Senior citizens) bank offers an additional interest of 0.50%. The bank provides...

Posted 11:23:05 AM Complete Story | Post Comment | Read Comments(1)

Friday, July 4
New FCNR (B) rates of Indian Bank

Public sector Bank – Indian Bank has revised its FCNR (B) rates. The new rates will be applicable immediately. For the period of 1 to 2 year the bank has changed the rate to 2.55% from 2.53%.

For the period of 2 to 3 years the bank has increased the rate to 2.58% from 2.52%. For deposits of three years and above but less than four years, the interest rates have been revised to...

Posted 11:32:52 AM Complete Story | Post Comment | Read Comments(0)

Friday, July 4
Upcoming bank Bandhan hiring professional prior to banking

New Generation upcoming bank Micro-finance institution Bandhan Financial Services has started its recruitment, before establishing its banking network.

All the aspirants looking for the job are having a good opportunity of jobs, the bandhan is hiring professional for the several fields like IT, treasury and others areas. Bandhan has received the Nod from the apex bank to start up the banks in the country. Prior to the banking Bandhan is hiring high – end professionals.


Posted 11:26:35 AM Complete Story | Post Comment | Read Comments(0)

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