Category Archives: News

India’s biggest lender, State Bank of India might be extending the duration of teaser home loan scheme further. But this decision depends completely on the liquidity status of the bank.

State Bank of India will shortly be hiking the loan limit to people purchasing land to construct a house by 10 times. This move by the banking giant is meant to raise its grasp on the home loan segment.

The financial year just ended had seen a sharp increase in bad loans including car loans due to the economic slowdown. This year banks are optimistic about delivering an improved performance due to better economic situation and repayment behavior.

The banking industry is all set to move ver to the base rate regime from personal loan July 2010. With that aim, all banks are busy computing their corresponding base rates on which they would base their pricing for

India’s biggest lender, State Bank of India has said that there may be an increase in the interest rates in the next days. This may make car loans more expensive. The Chairman of SBI, Mr O.P. Bhatt said, “There continues to be surplus liquidity in the system and credit offtake has not picked up, in… Read More »

According to the reports of March, the number of credit card holders has fallen. The number has gone below the 20 million mark and is presently at 18.3 million. The report acknowledging this reduction has been released by the Reserve Bank of India. The previous fiscal saw a big portion of 6.04 million cards stopped… Read More »

With the arrival of base rate, banks are worried that it may erode their profits. Banks say that once the base rate is implemented, they would pay more to the depositors but won’t earn a parallel income. Also they fear that home loans would be affected as old customers were given loans based on PLR.

Shriram Group, the Chennai based financial institution is set to foray into the gold loan segment. The company would rely on its robust client base and branch network as core competencies. Currently, the consumer finance division of the Group, Shriram city union finance ( Scuf) operates in gold loan business.

India’s biggest lender, State Bank of India has posted a Rs. 674 crore increase in its non performing assets in the 4th quarter of the financial year just ended. This increase in NPAs can be credited to the corporate sector. But the NPAs of its agricultural loans along with the retail loan portion including personal… Read More »

The lucrative credit market in the south has tempted Allahabad Bank to increase its base there too. The bank plans to start some branches in the southern cities. M R Nayak, the bank’s executive director, said, “The credit market in the southern region is encouraging. We are going to open 40 of 95 new branches… Read More »