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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, 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)

Friday, July 4
Standard Chartered Bank ended the partnership with Bajaj Allianz

It has been reported that one of the leading Insurance Company of the country Bajaj Allianz has decided to hire 40,000 new agents. After the end of the partnership with Standard Chartered Bank the company needs to make up for the loss.

It was recently reported that Standard Chartered bank has entered in to Bancassurance partnership with the ICICI prudential. Bajaj Allianz is having more than one lakh individual agents, besides a bancassurance...

Posted 11:24:46 AM Complete Story | Post Comment | Read Comments(0)

Thursday, July 3
Vijaya Bank slashes it term deposit rates

It has been reported that public sector bank- Vijaya Bank has decided to cut down it domestic term deposit rates. In order to bring down the cost of deposits the bank has decided to cut down the rates.

Bank reported that the reduction of 0.5% to 0.50% has been made on the six slabs of different maturity periods staring from 45 days to 1 year. The changes are for the deposits of Rs 1...

Posted 11:15:43 AM Complete Story | Post Comment | Read Comments(0)

Thursday, July 3
Union Bank to open new branches in Odhisa

State owned bank Union bank of India has planned to expand its network and establish its new branches. Bank is planning to set up 21 new branches in Odhisa by the end of this fiscal year.

At present bank is having a network of 104 branches. Bank will now be focusing more towards strengthening its portfolio under the agriculture and MSME sector. The PSU bank has registered a year-on-year growth of 21 per cent...

Posted 11:12:57 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 2
Bank of Maharashtra Awarded with best bank award

Public sector bank Bank of Mahrashtra has bagged the ‘Best bank – public sector ‘award in BFSI Awards-2014 by World HRD Congress. According to the report for its well performance in banking sector, bank has received this award.

On the basis of the bank’s performance in Strategy, Security, Customer Service and the Future Technology Challenges and Innovations, BFSI awards the bank, this time Maharashtra Bank has shown good performance in all the areas so...

Posted 11:08:49 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, July 2
SBBJ bank hoping for a 14-15% growth this year

State bank of Bikaner and Jaipur, is expecting for a business growth of 14-15% this fiscal year. Managing director of the bank reported that bank is hoping for a growth in advances and deposits both.

Bank is planning to increase its branch network by about a tenth. According to data the bank transacted a total business of Rs1,39,208 crore in the year-ended March 31, 2014. Deposits stood at Rs73,875 crore, while advances were ₹65,333...

Posted 11:00:43 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, July 1
E-lobby of Vijaya Bank at Singanallur

To facilitate the customers with the more enhanced services and making the banking easier for them, Vijaya Bank has opened a new e-lobby. Yesterday, the bank established a new e-lobby and refurbished branch at Varadarajapuram near Singanallur.

The chairman and managing Director V kannan of the bank initiated the new e-lobby in the morning. The e-lobby will be servicing the customer 24X7. Mr. Kannan highlighted the services offered by the centre like cash...

Posted 11:14:50 AM Complete Story | Post Comment | Read Comments(1)

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)

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