http://www.rupeetimes.com/news_advice/personal_loan Personal Loan News & Advice from rupeetimes.com (C) 2007 rupeetimes.com Fri, 03 Jul 2009 10:58:38 +0530 State Bank of Hyderabad, one of the associate banks of SBI, has slashed benchmark prime lending rate by 50 basis points to 12.25 percent from 12.75 percent.The new rate will come into effect from July 1, 2009.The parent bank, SBI announced reduction in its benchmark prime lending rate (SBAR) by 50 b... http://www.rupeetimes.com/news/personal_loan/sbh_trims_lending_rate_to_1225_pcnt_2599.html 12345678902599 Fri, 03 Jul 2009 10:31:33 +0530 In the second half of FY2008-09, the Reserve Bank reduced its lending rate (repo rate) by 400 basis points. Since then most banks have lowered the lending rate only in the range of 50-150 basis points till date.Banks have been trying hard to preserve the lending rates. Experts reason that the rate c... http://www.rupeetimes.com/article/personal_loan/an_insight_into_lending_rate_changes_2597.html 12345678902597 Thu, 02 Jul 2009 10:12:01 +0530 State-run, Allahabad Bank has declared a 25 basis point reduction in its benchmark prime lending rate (BPLR) to 12 percent from the earlier 12.25 percent.The revised rates will come into effect from July 1, 2009."The reduction in BPLR has been announced having regard to the declining trend in intere... http://www.rupeetimes.com/news/personal_loan/allahabad_bank_trims_bplr_to_12_percent_2592.html 12345678902592 Fri, 26 Jun 2009 10:16:44 +0530 Hyderabad based, Andhra Bank, has adopted a dolphin (christened as Dolle) and Enter key on qwerty keywords as its corporate slogan.The brand initiative is a part of bank's plans for pan-India expansion. The bank has set a target of Rs 1.50 lakh crore business by September 2010.Commenting on the new... http://www.rupeetimes.com/news/personal_loan/andhra_bank_aims_pan_india_expansion_with_a_new_identity_2583.html 12345678902583 Fri, 26 Jun 2009 10:07:40 +0530 The Reserve Bank of India (RBI) will meet the chiefs of major banks on 7th July, following the announcement of union budget.The meeting will also include D Subbarao, Governor of RBI and three Deputy Governors.The discussions in the meeting are will revolve around credit demands, credit policies, lo... http://www.rupeetimes.com/news/personal_loan/rbi_to_meet_bankers_following_budget_declaration_2582.html 12345678902582 Wed, 24 Jun 2009 11:32:07 +0530 Following the suit of reducing lending rates, Kolkata-based, United Bank of India is expected to severe both lending and deposit rates by up to 50 basis points, by next week.SC Gupta, chairman and managing director, said, "Our asset liability committee will take a call on interest rates next week. W... http://www.rupeetimes.com/news/personal_loan/united_bank_of_india_likely_to_trim_interest_rates_2580.html 12345678902580 Wed, 24 Jun 2009 11:03:05 +0530 In a customer-oriented move, the Maharashtra State Electricity Distribution Company Ltd has tied up with Industrial Development Bank of India for setting up cheque drop boxes at major public places for the convenience of its customers.Earlier the company had tied up with private major, ICICI for ins... http://www.rupeetimes.com/news/personal_loan/more_cheque_drop_boxes_for_easier_bill_payment_2577.html 12345678902577 Tue, 23 Jun 2009 10:36:11 +0530 In an endeavor to reach population in deeper pockets, the regulatory authority, Reserve Bank of India has asked the regional ombudsman heads to get themselves involved in the district and village level committees on regular basis.The move is a part of efforts made by the regulator to stimulate the b... http://www.rupeetimes.com/news/personal_loan/banking_ombudsman_to_reach_more_customers_2572.html 12345678902572 Mon, 22 Jun 2009 11:40:51 +0530 As the inflation turns negative for the first time in 30 years, Indian banks are gearing up for interest rate cut up to 100 basis points.Considering the negative inflation, the real interest rates in the money market are high.Commenting on the effect of this downscaling H Ratnakar Hegde, Executive D... http://www.rupeetimes.com/news/personal_loan/subzero_inflation_to_impel_lowering_of_interest_rates_2569.html 12345678902569 Mon, 22 Jun 2009 11:20:29 +0530 State-run Union Bank of India has indicated a reduction in the lending rates by July, when it expects the related cost of funds to lower.MV Nair, chairman and managing director, Union Bank of India, said, "Rate cuts are linked to the cost of funds and for our bank the cost of funds starts coming dow... http://www.rupeetimes.com/news/personal_loan/ubi_set_to_lower_lending_rates_2566.html 12345678902566