As per a recent press report, the agricultural cooperative credit societies in Tamil Nadu will be offering a range of online services as a result of tie up with TCS to provide e-accounts to the primary agricultural cooperative credit societies which allows members to transfer and receive funds from other banks within the country. Further… Read More »
A recent press report said that ICICI bank is offering a new home loan with a rate for two years fixed at 10.75%. ICICI bank pulled back from aggressive retail lending after the 2008 credit crisis will now offer loans that give a choice of fixed rate for either one or two years at a… Read More »
A recent press report said that the RBI is to bring some kind of regulations to protect the people who invest and save their money in monthly scheme with the jewellers. The report also said that the jewellers in most of the cities work more or less like NBFCs without permission from the Reserve Bank… Read More »
A recent press report said that the interest rate structure of the banks will be destabilised in the short run if rates on savings accounts are deregulated. As per the report, Mr.K.R kamath, Chairman and Managing Director, Punjab National Bank, Said that the rate is the anchor on which the bank builds all the interest… Read More »
As per a recent press report the banks in India are now willing to sanction more personal loan than before. According to the report, an IT professional said that he was sanctioned a personal loan in no time last week after he responded to a SMS offering the loan, this sums up the positive shift… Read More »
A recent press report said that Nabard plans to give refinance to commercial banks at differential rates of interest depending on their exposure to agriculture credit in developed and underdeveloped regions. The development finance institution is working on the scheme and it is likely to be finalized within a month’s time said Mr.Prakash Bakshi, Chairman,… Read More »
A recent press report said that Karur Vysya Bank is focussing more on NRI deposits, Home loan. Mr.K.Venkatraman, Chief Executive and Managing Director of karur Vysya bank said that the process of building this institution will continue. The bank will build on our strength, look at products and structural gaps that need to be addressed… Read More »
There are six smart things to know how to convert credit card dues to EMI according to your convenience. Credit card holders may allow card holders to convert their dues into a loan and repay through EMIs, both on new purchases as well as the existing balance. The option may be for purchases made during… Read More »
A recent press report said that State Bank of India (SBI) has opened a ‘Self Service Kiosk (SSK)’ at the corporate salary branch, DLF Cyber City at Gachibowli. Mr. Rakesh Sharma, Chief General Manager, said that SSK was a secure, user-friendly computer terminal which can be operated by the customer using his/her ATM-cum-debit card to… Read More »
A recent press report said that ICICI, union bank of India, Indian overseas bank, United Bank of India, Andhra Bank and State bank of Bikaner and Jaipur raised their lending rates by 59 basis points making auto, home and other loan expensive. The report also said that the decision of the banks to raise the… Read More »