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 12
Canara Bank trying to upgrade its branches and transform them into 5 star category

State owned bank Canara bank is trying to upgrade and raise the standard of its branch. It has been reported that Canara bank is planning to enhance nearly 600 of its branches and transform them in to five star category. Bank is trying to upgrade them on par with the international standards.

One of the bank officials stated that yesterday bank transformed the Teynampet branch, bank’s Teynampet branch is one among the earliest five...

Posted 11:35:13 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, June 11
Bajaj Allianz unveiled new health insurance Plan

One of the leading Insurance companies Bajaj Allianz has launched a new health insurance Plan for its customers. Bajaj Allianz has launched a health care plan this is an all inclusive health plan which will cover all the health treatments.

This plan will offer a wide ranging cover which will provide coverage for hospitalisation treatments and also includes maternity, OPD and dental treatments. Further highlighting the benefits of the Plan it was informed...

Posted 11:24:41 AM Complete Story | Post Comment | Read Comments(1)

Wednesday, June 11
South Indian reported a drop of 0.17% in its NPA

Private sector bank south Indian bank reported a decline in its gross NPA. At the end of the march this year the bank reported its NPA stood at 0.78%, which was same as that of the previous year. But the gross NPA dropped by 0.17%. Previous year the NPA was 1.36%, it reduced to 1.19% this year.

When the bank was asked about the NPA management strategy, managing director of the bank stated that...

Posted 11:22:08 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, June 10
Only single document required to open Bank account

The apex bank of the country has come up with new plans for the migrants and transferable employees. In order to ease the verification norms for these customers RBI said that only one documentary proof is required to be submitted while opening an account in the bank.

Customer will need only a single document (either permanent or current) for opening the account. After receiving complaints from the customers regarding the problems faced while submitting...

Posted 11:05:16 AM Complete Story | Post Comment | Read Comments(1)

Tuesday, June 10
Kotak Mahindra expanding its networking, established ATMs at Mumbai metro stations

Yesterday one of the leading banks of the country Kotak Mahindra bank established 24 new ATM machines across the 12 newly established metro stations in Mumbai. The bank has set up 2 ATMs across each of the 12 stations. The Metro services on the 11.4 km-long Versova-Andheri-Ghatkopar section started yesterday.

The executive vice president of the bank Mr. puneet Kapoor stated that after the establishment of these ATM the total ATMs of the bank...

Posted 11:00:26 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, June 10
ING Vysya bank first to have core banking application in India to be hosted on NetApp

It has been reported that in order to improve the core banking system and provide the customers with the innovative products ING vysya bank has selected NetApp's FAS storage system to deliver the necessary throughput, capacity and connectivity across its 553 branches.

With the help of this, bank will be able to deliver better online and mobile banking services to its 20,00,000 customers spread all across the country. This will result in improved performance...

Posted 10:52:50 AM Complete Story | Post Comment | Read Comments(0)

Monday, June 9
ICICI ahead of HDFC this time in terms of employee count

Country’s second largest leading bank ICICI bank took over the HDFC - bank with highest employer in banking. Previous year HDFC was on the top with maximum employees, this time its ICICI. More than 72,000 employees are working in HDFC bank. According to the reports the working staff of the majority of the banks increased by the end of the March 14, where as in the HDFC bank the employee count decreased by...

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

Monday, June 9
EPFO to provide 9% interest on deposits

It has been reported that the Employee provident Fund organization has decided to offer rate of 9% on the PF funds. EPFO has increased the rate offered from 8.75% to 9%. Now more than five crore subscribers of the EPFO will now get the interest rates of 9%.

According to the sources it has been reported that after the coming of the new central government, the expectation of the higher yields by the body on...

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

Monday, June 9
ICICI bank working for the social cause through a drawing competition

In order to work for the social cause ICICI bank has planned to come up with unique idea of drawing competition. ICICI bank is organizing a drawing competition creative Masters where the participants will draw pictures illustrating some social cause, the jury will select the best artist and will support social causes through donation of proceeds from sale of select entries. The competition will run for time period of two months. Interested candidates of...

Posted 11:41:54 AM Complete Story | Post Comment | Read Comments(1)

Friday, June 6
RBI increased CRR for the Non scheduled Urban co-op banks

In order to maintain the equality between the nonscheduled urban co-operative banks (UCB) and scheduled primary urban co-operative banks, last day Reserve bank of India increased the Cash reserve ratio of the non scheduled UCBs. RBI has increased the CRR by 100 basis points.

The new CRR for the non scheduled UCBs is 4%. The new CRR will applicable from July 12 onwards. There are nearly 1,500 non scheduled UCB banks in India. This measure...

Posted 11:10:12 AM Complete Story | Post Comment | Read Comments(1)

Friday, June 6
Central bank inviting application for the post of faculty and office assistant

Public sector Bank central bank of India has invited applications for the post of Faculty and Office Assistant at RSETI under Regional Office, Chhindwara. For the faculty post candidates needs to be a post graduate viz. MSW/ MA in Rural Development/MA in Sociology/Psychology/BSc (Agri.)/BA with B.Ed. etc. with the age limit of 65 years and for the assistant the candidate need to be a graduate viz. BSW/BA/B.Com with computer knowledge with the age...

Posted 11:07:59 AM Complete Story | Post Comment | Read Comments(0)

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)

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SBI extended the registration date for PO post for the J&K affected people Sep 30, 2014
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