http://www.rupeetimes.com/news_advice News from rupeetimes.com (C) 2007 rupeetimes.com Fri, 19 Mar 2010 13:03:27 +0530 Credit Information Bureau of India (CIBIL) has joined hands with 31 leading micro finance institutions (MFIs) of the country to build up credit information bureau for MFIs.The MFIs are a part of the Micro Finance Institutions Network (MFIN). MFIN has recently been set up as a regulatory body of the... http://www.rupeetimes.com/news/credit_cards/cibil_and_31_microfinance_institutions_unite_to_set_credit_bureau_3363.html 12345678903363 Fri, 19 Mar 2010 12:21:09 +0530 Despite the new financial year marching ahead, most of the banks are showing a slow trend in raising capital. These banks are slow in this regard as most of them have already raised funds this year and the increasing yield in bonds has made the idea of selling them as completely unfavorable, a merch... http://www.rupeetimes.com/news/education_loans/banks_show_sluggish_trend_of_capital_raising_regime_before_fy11_3362.html 12345678903362 Fri, 19 Mar 2010 11:23:52 +0530 Twelve banks under the Prime Minister's Employment Generation Programme (PMEGP) have performed below the state average of 83.06 % during 2008-09.These banks include Indian Overseas Bank (77.26 percent), Syndicate Bank (68.28 percent), Rushikulya Gramya Bank (58.34 percent), and Union Bank of India (... http://www.rupeetimes.com/news/car_loans/12_banks_perform_below_set_target_as_per_pmegp_3361.html 12345678903361 Fri, 19 Mar 2010 11:09:56 +0530 Mahindra finance, the financial services arm of the multi crore financial arm of the Mahindra Group has launched a new product ‘Loan against gold' in Kerala.MMFSL Vice-Chairman Uday Phadke said that the product has been designed so that customers are able to receive loans against gold ornament... http://www.rupeetimes.com/news/credit_cards/loan_against_gold_a_new_scheme_launched_by_mahindra_3360.html 12345678903360 Fri, 19 Mar 2010 10:52:32 +0530 Public sector lender, United Bank of India is on negotiation terms with many asset reconstruction companies (ARCs) to sell a portion of its bad loans so as to clean up its loan book, said a top official of the bank.The bank, headquartered in Kolkata plans to sell bad loans worth Rs. 100 crore by the... http://www.rupeetimes.com/news/personal_loan/ubi_plans_to_dispose_off_rs100_crore_worth_bad_debts_3359.html 12345678903359 Fri, 19 Mar 2010 10:22:18 +0530 The Finance Ministry officials as well as RBI officials are to meet today in order to discuss the technological models of financial inclusion so as to spread banking to unbanked areas."Tomorrow, we are going to sit with RBI to finalize what are going to be the various technologies which we will be u... http://www.rupeetimes.com/news/personal_loan/discussion_on_financial_inclusion_between_ministry_and_rbi_today_3358.html 12345678903358 Fri, 19 Mar 2010 10:00:27 +0530 The Reserve Bank of India has said that the guidelines for fresh banking licenses for new entrants would be coming in three months."It (framework on new banking licenses) may take three months. It all depends on what are the situations and complexities of issues," RBI deputy governor K C Chakrabarty... http://www.rupeetimes.com/news/fixed_deposits/new_directive_for_banking_licenses_to_come_up_in_3_months_rbi_3357.html 12345678903357 Thu, 18 Mar 2010 11:42:19 +0530 Police officials have nabbed another party of crooks involved in a fraud worth crores of rupees. Seven people have been arrested in the case that has taken place in the National Capital Region (NCR). Most of them are bank officials. The gang has been accused of withdrawing money from other peoples'... http://www.rupeetimes.com/news/personal_loan/another_bank_fraud_story_unfolds_banking_officials_involved_3356.html 12345678903356 Thu, 18 Mar 2010 11:02:24 +0530 The card subsidiary of Life Insurance Corporation (LIC) of India named LIC cards has set an aim of generating credit card sales worth Rs. 5 lakh in the upcoming financial year. This target, if achieved would lead to half a million card sales for the company.The company has built a customer base of 5... http://www.rupeetimes.com/news/credit_cards/lic_targets_half_million_credit_card_sales_next_year_3355.html 12345678903355 Thu, 18 Mar 2010 10:42:23 +0530 Following the trend of big lenders like ICICI and HDFC Bank, the Indian Overseas Bank has also hiked deposit rates for the deposits coming to the bank. The rise in deposit rates has been to the extent of 50 basis points. The bank is a Chennai based entity."We have decided to raise the deposit rates... http://www.rupeetimes.com/news/fixed_deposits/deposit_rates_hiked_by_indian_overseas_bank_3354.html 12345678903354