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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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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)

Friday, May 9
BMB must go for lateral hiring: FinMin

It has been reported that Finance minister has asked the women bank – Bhartiya Mahila Bank to recruit the people laterally. Hiring the people laterally means hiring the people from different fields other than banking such as marketing etc.

,p> At a press conference Finance minister said that lateral hiring will help the bank to come up with the new and innovative strategies and will also help in development and growth of the bank....
Posted 10:46:34 AM Complete Story | Post Comment | Read Comments(0)

Friday, May 9
New pension product rolled out by Bajaj Allianz

One of the finest insurance companies Bajaj Allianz has planned to roll out a non-linked immediate annuity plan called Pension Guarantee. The person in the age group of 37 to 80 years can avail this plan. This plan offers the option to extend the pension to the spouse too.

Further the plan also provides the provision to the spouse of the annuitant for the payment of the annuity after the death of the annuitant....

Posted 10:44:35 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, May 7
Changes in Foreign currency rates: SBT

State bank of Travancore has decided to make certain amendments in the foreign currency rates of the bank. The revised rates are applicable from May 2, 2014.

New rates in US dollars are 2.55 per cent for the tenure of one year to less than two years; 2.56 per cent for two years to less than three years, 4.02 per cent for three years to less than four years, 4.45 per cent for...

Posted 11:03:10 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, May 6
SBI youth for India fellowship programme Launched by SBI

State bank of India launched a new programme SBI youth for India (YFI). YFI is a rural fellowship programme. This is a one year programme designed to train the youth and make them the change agent in the remote areas of the country.

The program is for the young generation only. The young graduates and professional who are enthusiastic and wish to work for bringing the change in the country can apply for this...

Posted 11:19:14 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, May 6
ING vysya renamed to Exide life Insurance

One of the finest insurance companies ING vysya Insurance has changed its name to Exide Life Insurance. Last Day Managing director of the company declared that ING vysya will be now Exide Life Insurance.

After getting the approval from the Insurance regulatory and development authority the company has made the changes immediately. Since Exide has acquired 100 percent ownership of the company therefore the company has been renamed to Exide life Insurance.

It has been...

Posted 11:16:36 AM Complete Story | Post Comment | Read Comments(0)

Monday, May 5
Hiring in banks will continue on a bigger scale

It has been reported that the banks generating jobs on a bigger scale is expected to continue. Aspirants looking to work with the banks will be getting opportunities, but getting the jobs in banks may not be easy because competition for the jobs in the banking sector is robustly rising up. Due to the reasonable salary, job security, improved status in society banking jobs are high on demand.

According to the reports of Institute...

Posted 11:22:35 AM Complete Story | Post Comment | Read Comments(0)

Monday, May 5
Largest Microfinance Institution to mark its beginning in banking sector

In order to Mark its existence in the banking world, the largest Microfinance Institution Bandhan has planned to launch 700 banking branches in country. Bandhan will be launching 700 branches across the 22 states of the country.

Establishment of the new branches may lead to opening of 10 million new accounts in one go. Bandhan further reported that within a month period they are planning to enter the banking sector. The major part of the...

Posted 11:17:49 AM Complete Story | Post Comment | Read Comments(0)

Monday, May 5
Not to force banks to work as insurance brokers: RBI

Earlier the apex Bank RBI has asked the banks to work as the insurance brokers, but now RBI says that the banks should not be forced to work as insurance brokers.

In order to stop and control the mis-selling and fraudulent cases regarding the insurance products the RBI came up with the bancassurance model, where the banks were asked to work as insurance brokers. Under the existing regulations, a bank is allowed to distribute policies...

Posted 11:12:49 AM Complete Story | Post Comment | Read Comments(0)

Friday, May 2
Payment of premiums and education loan through credit card EMIs

Good news is lined up for the credit card users. According to the now the customers can easily pay education loan and education fees easily through the credit card EMIs.

Instead of getting of getting the loans sanctioned with much difficulty now the customers can easily pay them through their credit cards. Very soon customers will be able to make their health insurance and motor insurance premium through the credit cards. The problem of paying...

Posted 11:16:03 AM Complete Story | Post Comment | Read Comments(0)

Friday, May 2
Re-launch of Dena-444 deposit scheme

Public sector bank Dena bank has planned to launch its deposit scheme again. Dena bank is bringing up its deposit product Dena 444 in market again. The product offers maturity tenure of 444 days to its customers.

The scheme is very beneficial and its offers lucrative interest rates. For the common public the scheme offers 9.15% per annum rate of interest and for the senior citizens the rate of interest is 9.65% per annum.

...

Posted 11:13:17 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 1
Canara Bank to take over the Amanath Co-op bank

Public sector Bank Canara bank is all set to take over the Amanath Co-op bank completely. Canara bank has completed all the formalities and process to take over all the liabilities and assets of the Amanath bank.

An e-learning platform Bret solutions is launched for the students appearing for the banking examination, on the launch of the platform the MD of Amanath bank stated that in state like west Bengal 950 village panchayats...

Posted 11:08:55 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 1
UBI bank needs to focus on the recovery of its bad loans

In past few months united bank of India went through a very bad phase. The Bad loans of the bank were very high. Now the govt. of India has asked the UBI bank to focus on recovery of the bad loans and clean up its balance sheet which is being strained by these bad assets.

It has been reported that govt. holds for the 88% stake in the bank. The Ministry has asked the...

Posted 11:03:04 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 1
Net Profit of the OBC bank increased up to Rs 310 Crore.

State owned Bank Oriental bank of commerce registered a marginal rise in its net profit. It has been reported that bank has gained a marginal rise in the net profit to Rs 310 crore for the quarter-ended March 31.

Previous year the net profit of the bank was Rs 308 crore and this year it went up to Rs 310 crore. The total income of the bank increased from Rs...

Posted 10:57:26 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, April 30
Quadruple jump in IOB profit

Public sector Bank Indian Overseas Bank reported in comparison to the previous fiscal year, this year bank’s profit increased by four times. Last bank earned a mere profit of Rs 59 crore and this year it went up to Rs 268 crore.

A commendable positive increase in noticed in the net profit of the bank, besides this bank has also shown an improvement in quarterly and the yearly income. The quarterly income went up...

Posted 04:22:56 PM Complete Story | Post Comment | Read Comments(0)

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