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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Monday, April 7
IDBI bank earned a huge tax collection

It has been reported that public lending bank IDBI bank has collected an amount of 1.95 lakh cr in central taxes. This is 23% more by way of Direct and Indirect taxes on behalf of the Government in the financial year ended March 31, 2014. With the help of technologies internet banking facility pan-India payment of direct taxes, excise duty, service tax and customs duty were made easily.

Last year bank collected nearly 1.59...

Posted 10:26:09 AM Complete Story | Post Comment | Read Comments(3)

Friday, April 4
New India Assurance recruiting for the post of administrative officer - Medical

An opportunity is lined up for the aspirants seeking to work with Insurance Company. New India Assurance Company has invited the applications for the post of Administrative Officer (Scale-l) Medical. The applications will be accepted from 3rd April,14 to 13th April, 14.

In order to apply for the post candidates needs M.B.B.S Degree or equivalent foreign degrees recognized as equivalent to M.B.B.S degree by the Medical council of India from a recognized University...

Posted 11:13:29 AM Complete Story | Post Comment | Read Comments(0)

Friday, April 4
Banks to provide more facilities through education loan to medical students

It has been reported that 5 leading banks of the country will be assisting with more enhanced services to the medical students to acquire the medical studies easily. State bank of India, IBDI bank, HDFC bank, bank of Baroda and PNB bank will be providing easy education loan for medical students.

Medical education is another field of education which is quite expensive, due to which students find it difficult to pursue medical...

Posted 11:11:21 AM Complete Story | Post Comment | Read Comments(0)

Thursday, April 3
City Union Bank launching 75 new branches

In order to expand its banking network, City Union Bank has decided to roll out 75 new branches by the end of current year. By launching the 75 new branches the bank will have total of 500 branches all over the country.

At present the bank is having total number of 950 ATMs, bank is planning to expand the ATM network as well up to 1,250 ATMs. The bank has also upgraded its...

Posted 11:17:55 AM Complete Story | Post Comment | Read Comments(0)

Thursday, April 3
New banking license likely to create a number of jobs in banking sector

The issuing of new banking license can create up to thousands of job in the banking sector. It has been reported that in coming 1-2 years jobs aspirants in the banking sector will get a bigger opportunity to work in the banking sector.

,p> RBI is issuing new banking license soon, it has been estimated that nearly 1,500 to 5,000 jobs are likely to be created for each new banking license. Further the jobs for the...
Posted 11:11:45 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, April 2
Indian bank increased interest rates on FCNR (B) deposits

Yesterday Indian bank announced its revised rates on the FCNR (B) deposits. The rates are effective from 1st April, 14. For the tenure of 1 to 2 years bank has increased the rate by 0.1%, the new rate is now 2.56%.

Further the rate for the tenure of 2 year and lesser than 3 year the interest rate has been increased to 2.59% from 2.47%. For period of 3 years and less than four years...

Posted 10:17:01 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, April 1
Govt. asked the banks and telecoms to enhance the mobile banking service

It has been noticed that mobile banking is an important aspect of banking. Mobile banking plays a crucial role in financial inclusion, so it should not remain confined to limited persons. Banks should increase the mobile banking services.

At present the mobile banking is very limited in the country. The Apex Bank RBI has shown its concern and disappointment over the retarded condition of the mobile banking in the country. Concerned over the mobile banking...

Posted 11:15:32 AM Complete Story | Post Comment | Read Comments(0)

Friday, March 28
200 new white Label ATMs to be launched in Kolkata

The apex bank – Reserve Bank of India agreed to allow the Kolkata-based Srei Infrastructure Finance Ltd to establish White Label ATMs in the city. Srei is one among the applicants of the new banking license. The company will establish the ATMs in the areas devoid of banking facilities.

RBI has permitted the company to own and startup the ATMs by 25th march, 14 in the city. Axis bank will be sponsoring Srei...

Posted 11:01:25 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, March 26
A new child plan Siksha Super plus rolled out by Max Life Insurance

In order to facilitate children with more facilities and help, Max Life Insurance Company unveiled its plan to roll out a unit linked plan for the children. The company has launched Shikshs Super plan that will assist the children in their education and career.

The plan will look after the overall development of the child by availing all the resources required. This plan will also provide the customer with the facility of investing premiums...

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

Wednesday, March 26
Indian post attempting to expand its banking business

Even though the chances of the getting the banking license for the Indian post is less due to the lack of infrastructure, still the Indian Post is working to expand its business. It has been reported that Indian post will be coming up with 2800 new ATMs by the end of next fiscal year.

Bank is attempting to attract more number of customers to open the post office savings accounts. Indian post is widely spread...

Posted 11:08:31 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, March 26
New branch rolled out by SBT bank

In order to expand its banking network State Bank of Travancore has launched a new branch in Thiruvananthapuram. It has been reported that this Monday Sajeev Krishnan, Chief General Manager of the bank initiated a new branch at at Ambalathara in the suburbs of the city.

At the inauguration senior officials of the bank including Suresh M Nair, Deputy General Manager; Suresh Savekar, Deputy General Manager; K Muraleedharan Pillai, General Secretary, SBT Employees...

Posted 11:03:38 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, March 25
New white labels to be rolled out by Tata communications Payment

A day before Tata Communications Payment Solutions Limited (TCPSL), stated that they are planning to roll out 15,000 new ATMs across the country by 2016. TCPSL is the first non banking company to launch the white label ATMs network. The company launched its first ATM in the June last year. It has has so far set up 1,000 ‘Indicash’ ATMs across India.

CEO of the company Mr. Sanjeev patel stated...

Posted 10:59:01 AM Complete Story | Post Comment | Read Comments(0)

Monday, March 24
BMB expanding its network in North Eastern Region

It has been reported that soon Women oriented bank of the country Bhartiya Mahila Bank will initiate three new branches in the north eastern parts of the country. With full planning and efforts bank is rapidly expanding its branches all over the country.

The three new branches are established in Agartala, Meghalya and Itanagar. The CMD of the bank will be initiating the branch of Agartala today. The bank has established its first...

Posted 11:00:30 AM Complete Story | Post Comment | Read Comments(0)

Friday, March 21
SBI new credit scheme for student loan aspirants

Good news is lined up for the education loan seekers. Country’s largest lending bank State Bank of India is thinking to launch a new credit scheme for school – level teenagers. The purpose of the bank to come up with this initiative is to help the students in developing a friendly environment with the banks and assist them in getting education loan easily.

Highlighting the features of the scheme the managing director of...

Posted 11:19:00 AM Complete Story | Post Comment | Read Comments(0)

Friday, March 21
Insurance companies rolling out new mobile Apps

The Indian insurance companies are rolling out new mobile apps in order to ease enhance the comfort of the customers. It has been reported that Insurance companies are launching new mobile apps that will help customers to choose the products easily. Recently New India Assurance company has launched a mobile app through which the customers can renew and buy new policies without making much effort. The senior officer of the company reported that they...

Posted 11:13:19 AM Complete Story | Post Comment | Read Comments(0)

Friday, March 21
RBI deputy governor resigned three months earlier

Recently it has been reported that the deputy governor of apex bank- Reserve bank of India resigned from his work. Yesterday Mr. K.C. chakrabarty suddenly exited from his work. Mr. chakrabarty were supposed to retire in June 2014, But yesterday morning he ended up his term. MR. charkrabarty is a well experienced man. Prior to this he has worked with Indian bank and PNB bank He was appointed as RBI deputy governor...

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

Thursday, March 20
Banks will be working this weekend

Tax payers can pay the tax on weekend also. It has been reported that bank branches will be working this weekend in order to collect the tax. The bank branches will be open for full day on 29, 30 and 31 March 2014. Many of the banks did not work on weekends and on the last day of the financial i.e. 31st march but this time they will facilitate tax collection facility for the full...

Posted 09:22:40 AM Complete Story | Post Comment | Read Comments(0)

Thursday, March 20
Exclusive subsidy scheme for education loan buyers of SBT

In order to facilitate its student customers with comfort, a state owned bank state bank of Travancore has decided to avail its students with a special scheme. The bank will provide onetime special subsidy scheme to the students who have taken education loan before 31st March 2009. In order to facilitate this scheme it is required that parental income should be more than 4.5 lakh per year.

The interest facility is applicable only on the...

Posted 09:17:49 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, March 19
New loan product rolled out by federal bank

Soon federal bank is initiating a new overdraft facility for its customers. For the first time in the banking industry a bank is coming up with this kind of product. The bank reported that this innovative product will be offering several benefits to customers along with an overdraft facility against recurring deposits.

In this overdraft facility, the customers will be sanctioned 90% of the maturity value of recurring deposit as an overdraft limit at...

Posted 11:03:15 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, March 18
Education loan becoming a good opotion

After the finance minister has announced a moratorium period for all education loans taken up to March 31, 2009, and outstanding as of March 31, 2013, students facing the high expenditure problems has come to relief. It has been reported that after this decision of the finance minister the portfolio of education loan of banks has rised staedily. The finance ministry is keeping a proper check on lending of the banks.

Till the december...

Posted 10:55:03 AM Complete Story | Post Comment | Read Comments(0)

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