NEWS & ADVICE : PERSONAL LOAN
Whopping gold sales figures for banks.
By Vaibhav Aggarwal
Oct 22, 2009
Print    Email    RSS   

Banks saw an increase of over 30 percent in sales of gold coins and bars on Dhanteras as compared to last year.

Some banks recorded the highest ever sales of yellow metal. Leading Indian banks like State bank of India, ICICI Bank, HDFC bank and Axis bank experienced a huge growth in sale of gold on diwali.

Pointing out a growth of more than 50 percent in sale of gold coins, an official of SBI said. An official of SBI pointed out that there was more than a 50% jump in the sale of gold coins." SBI sold gold coins of 2 gm, 5gm, 8gm, 10 gm, 20 gm and 50 gm. Around 35 branches of State bank of India in Kolkata have sold gold coins to retail customers on Diwali.

Some of the branches of ICICI bank witnessed a 100 percent increase in gold sales on dhanteras. A bank official pointed out that the overall gold sale was 20 percent higher than the previous year.

Officials from HDFC bank said that its branches in the eastern region did very well on Diwali this year. The region saw a growth of more than 35 percent over last year and accounted for 18-22 percent of the overall growth.

An Axis Bank official said that the eastern region registered maximum sales in gold coins and bars among all zones during Dhanteras despite the fact that it is not a festival of East.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
LAP or personal loan: Which one to choose?
A chronicle of excesses by loan recovery...
Know about Personal loan against fixed...
Know about Form 16
Carnival of Indian Personal Finance Blogs #1


balance EMI
my account no 911010054028658 is my account no i...
i want to check out for Personal Loan DSA...
How to check cibil score with apan card free online
APPLY FOR URGENT LOAN www.chapelloans.webs.com...
How to check my my fullerton india loan application...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive