According to a report from the Reserve Bank of India, Wholesale price index (WPI) based inflation has shown a negative impact on Growth. The Empirical data (April –June quarter of 1996-97 to October-December quarter of 2010-11) has also shown a negative impact on Growth. Addition to that statistical data there is structural break in relation… Read More »
According to a recent press report, Canara bank has offered to reduce the interest rate for housing loans and home improvement loan by 50 basis points as festival offer. In accordance with these releases the bank has introduced retail loan festival from October10 to January 15, 2012 when these special offers of reduced interest rates… Read More »
Shares of Dhanlaxmi Bank gets depreciated about 24 per cent after the All India Bank Officers Confederation raised question about the lender’s financial health. The firm has opened its stock but surrendered the gains thereafter, the BSE and NSE stock value sinking to 52 week low. It hit a low of Rs 54.25 on the… Read More »
As per the analyst report, due to a slowdown in credit demand in the second quarter of this fiscal, Public and private sector banks have been experienced an average growth rate of 10% in their earnings. Analysts from Kotak Institutional Equities and Sharekhan had said that public sector lenders are likely to have experienced lower… Read More »
In a recent press report, Mr. P.Nanda Kumaran, Managing Director of State Bank of Travancore said that SBT has steadily picked up mobile banking services. In his statement Mr. Nanda said that the mobile banking services in SBT is progressively gaining momentum and it has nearly touched a five digit number in case of registrations… Read More »
According to a recent press report, the bill which will help in moving away the tough time for home loans and corporate defaulters is to be introduced in the parliament. The enforcement of security interest and recovery of debts law (amendment) bill 2001 plays an important role in this. Reports said that the proposed bill… Read More »
In his recent statement Mr. P.Nanda Kumaran, who has recently taken over as the Managing Director of the bank said that State Bank of Travancore has completed the target of financial inclusion order by the Reserve Bank of India to all the banks. The RBI has mandated banks throughout the country to appoint a business… Read More »
According to a recent press report the public sector bank State Bank of Travancore headquartered in Trivandrum has announced a festival offer of increased rate of interest for deposits. Under this scheme the customers can make deposits for a period of 500 days and earn attractive interest rates. The bank has announced a 10 per… Read More »
A recent press report said that Oriental Bank of Commerce has announced attractive festival offer of home loans and vehicle loans at a discounted interest rates. As festival offer the bank offers home loans at an interest rate with 0.5 per cent concession and the rate of interest (ROI) for home loans up to… Read More »
A recent press release said that Oriental Bank of Commerce, the public sector bank has announced to offer Pure 24 Carat gold coins of 999.9 fineness as festival offer. The bank offers the pure 24 carat gold coins at different discounts. The bank offers gold coins in the denominations of 5 grams, 8 grams, and… Read More »