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, June 5
ATMs generating soiled notes

Recently many complaints have registered regarding the ATMs generating the soiled notes. Many people have complained that they are facing problems due to the dispensing of soiled notes from the ATM machines.

Few months back banks have been strictly asked to exchange such notes and try to control the circulation of such notes. One person reported that from ATM he received a colored note, and no one was ready to accept...

Posted 11:44:03 AM Complete Story | Post Comment | Read Comments(0)

Thursday, June 5
New upcoming Bank Bandhan planning to provide banking all the unbanked areas

Bandhan has reported that they will try to establish more banking branches in the devoid areas and provide the poor people with banking services. Establishment of the banks in the rural and backward areas particularly in the east and the north-east, will be their main focus.

Chairman and Managing director of the bank stated that they will try to bring the banking facilities at the door step of the depositors and savers with...

Posted 11:30:22 AM Complete Story | Post Comment | Read Comments(1)

Wednesday, June 4
RBI recruiting for the post of officer in Grade ‘B’

It has been reported that apex bank of the country is inviting application for the post of Officers in Grade 'B' (General) through online examination and Interview. The candidates have to apply before 23rdJune,14. There are total numbers of 117 vacancies.

In order to appear for the exam the candidate needs to have graduation degree with a minimum of 60% marks or second Class Master's Degree with minimum of 55 per cent marks or...

Posted 10:55:47 AM Complete Story | Post Comment | Read Comments(1)

Wednesday, June 4
New Revised FCNR rates of SBT bank

Kerala based Bank – State bank of Travancore has unveiled its new FCNR Rates. The revised rates are applicable from the June onwards. According to the reports the revised rates for the deposits in US dollars (in percentage figures) are 1.53 for the period of 1-2 years, 1.52 for the period of 2-3 years, 3.91 for the period of 3- 4 years, 4.29 for 4-5 years and for five years the rate is 4.62....

Posted 10:52:07 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, June 3
New FCNR (B) rates of the Indian Bank

State Owned Bank Indian Bank has revised its Foreign Currency Non Resident (Banking) rates recently. The new rates will applicable immediately. For the tenure of 1 year and above the rate has been decreased to 2.53% from 2.55%.

Further for the period of 2 to 3 yrs the rate has been revised to 2.52% from 2.56%. Similarly for the period of 3-4 yrs the bank has reduced the rate has been reduced by...

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

Tuesday, June 3
Hiring of insurance agents in Exide Life Insurance Company

Recently ING vysya life Insurance Renamed to Exide Life insurance after being completely owned by the Raheja Group through battery maker Exide Industries has planned to hire new agents this year. The CEO of the company has stated that company is planning to recruit 18000 new agents.

It has been reported that at present there are 35,000 persons who account for nearly 60 per cent of the business of the company. The company wants to...

Posted 10:55:38 AM Complete Story | Post Comment | Read Comments(0)

Monday, June 2
Some PSU banks showed significant credit growth

The apex bank of the country Reserve bank of India has reported that the overall banking growth in the fiscal year 2013-14 was less than 15%, however some PSU banks have shown a significant growth which is much more than the banking sector as a whole.

Here is a list of some banks along with their credit growths. Canara bank and Bank of Baroda had shown a growth of 20%, UCO bank and...

Posted 11:20:40 AM Complete Story | Post Comment | Read Comments(0)

Monday, June 2
Applicants applied for PO in SBI can avail the call letter online

The applicants applied for the post of PO in State Bank of India, are being informed that the exam is expected to be held in second week of June, i.e. on 14th June, 14. The applicants can download their call letters online, they will not be sent by courier or post.

Applicants can get their admit cards online by inserting their registration number and the date of birth. There are total number of 1897...

Posted 11:16:21 AM Complete Story | Post Comment | Read Comments(0)

Friday, May 30
Two new term plans launched by PNB met

One of the finest Insurance companies PNB met life Insurance unveiled two new Insurance plans that will avail with the ensured monthly income for up to 20 yrs to the family of the insurer.

The plan is very innovative with many beneficial offers. The Met income provides the option to the family of insurer to choose whether to take the complete amount at once or can take monthly income. Further it also allows...

Posted 11:31:56 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 29
Banks to submit unclaimed amount in DEAF: RBI

The apex bank of the country- RBI has asked the lending institutions to suspend unclaimed deposits and submit them in Depositor Education and Awareness Fund (DEAF) by the end of next month. The DEAF scheme is declared as official gazette on 24th may, 2014.

RBI has instructed the banks to calculate the entire amount, they are having as unclaimed deposits and calculate the interest on them till 23rd May, 14 and deposit it...

Posted 11:17:32 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 29
RBI to maintain the rates

Last day reports showed that despite of the glooming economy RBI has decided to keep the monetary policy stable in the month of June. It has been reported that inflation has still remained elevated .In order to lower the high inflation and control it RBI governor Mr. Raghu Ram Rajan has hiked the rates three times since September, 2013.

The Apex bank has decided to keep the rates same...

Posted 11:10:27 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, May 28
Banks must issue banking codes to the customers

In a bid to improve the banking service and make banking operations more transparent to the customers, banks have been asked to give a copy of banking codes to every customer. All the customers are being informed that they need to be aware of their rights and duties and they must take their copy of banking code from the bank.

These codes take care of 70-80% of the customer activity. The practice of allowing...

Posted 11:22:11 AM Complete Story | Post Comment | Read Comments(1)

Wednesday, May 28
Rating Agency Rated Bajaj Allianz with AAA

One of the best Insurance companies Bajaj Allianz General Insurance has been Rated AAA. For the ability of the company to settle claim and for its financial strength the Rating agency CARE rated the company AAA.

The rating agency reported that Bajaj Allianz has been working well from past few years. Despite of the glooming economy, Bajaj Allianz reported a net profit of Rs 1,025 crore in FY14, as compared with Rs 1,286...

Posted 11:20:34 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, May 27
RBI warned people against fake website working on the name of RBI

Apex Bank of the country – RBI has warned the people against the fraudulent site. RBI has advised people to be cautious against the false website offering saving accounts in the name of the Reserve bank. It has reported that an unknown person has created a fictitious website at offering the people to open savings account with RBI. The site asks the people to apply online and open 'RBI Savings Account'. The banking...

Posted 11:19:21 AM Complete Story | Post Comment | Read Comments(1)

Tuesday, May 27
Canara Bank planning to launch new branches

State owned bank Canara Bank has decided to come up with 1,250 new branches by the end of this fiscal year. The Bank is expecting for a turnaround with these branches within coming 1- 2 years. Because of low real estate price and low cost of operations, this time bank is primarily focusing on rural and semi urban areas for setting up the branches. Bank is having a wide network all over...

Posted 11:17:47 AM Complete Story | Post Comment | Read Comments(0)

Monday, May 26
SBI hiring Post assistants for clerical grade

Largest lending institution of the country State bank of India has invited the applicants for the post of assistants in clerical grade. There are total number of 5092 posts. The interested and eligible candidates can apply from 26th May,14 and the last date to submit the application is 14th June,14.

There is a Special recruitment drive for assistants in Kashmir Valley/Ladakh vacancies, that will account for 125 posts. The candidates having graduation...

Posted 11:04:46 AM Complete Story | Post Comment | Read Comments(0)

Monday, May 26
New circle office of Canara Bank at Tirupati

State owned bank Canara Bank has opened a new circle office at temple town of Tirupati. In the new circle office bank has established a new e-lounge as well which will assist people with more enhanced services.

The CMD of the Bank Mr. RK dubey reported that this circle office in Tirupati is the 37th office of the bank. The office will be covering 6 districts of the Andhra Pradesh and 63 branches from...

Posted 11:00:42 AM Complete Story | Post Comment | Read Comments(0)

Friday, May 23
Insure your home with Bajaj Allianz

Bajaj Allianz recently launched a new Home Insurance Product. In order to assist the customers with better home insurance features the company launched a new plan ‘all – encompassing’ Home loan product.

While keeping the needs and demands of the consumer in mind company has launched the product that will assure of covering the right value of the home. A private general insurer stated that ‘My Home Insurance all risk policy’ will cover all the...

Posted 11:09:41 AM Complete Story | Post Comment | Read Comments(0)

Friday, May 23
BMB bank achieved it disbursal target

It has been reported that the women oriented bank of the country- Bhartiya Mahila Bank in its first year of operation achieved its disbursal target. Bank has given loans of Rs 89 crore mainly to the women of NBFCs.

The bank has given the loan of about Rs 70 crore in the first five months of its banking. In the beginning year of its working, bank is doing quite well. In the November-March period, BMB...

Posted 11:05:02 AM Complete Story | Post Comment | Read Comments(0)

Thursday, May 22
New designed website of ICICI bank with more interactive features

With the aim to provide better and enhanced interface to its customers second leading bank of the country- ICICI bank has made its website more interactive. Bank has redesigned its website which will offer more interactive interface across the mobiles, computers and tablets.

It has been reported the new website will provide customer with the facility to view their friends, activities and can also receive the location specific information. It will also help the...

Posted 11:15:31 AM Complete Story | Post Comment | Read Comments(0)

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