Category Archives: Articles

Real estate firm Omaxe Ltd said its associate has won a contract of Rs 202.72 crore from the Defence Ministry to construct a housing project in Indore.

The biggest home loan lender of the country, State Bank of India has introduced a new plan to take banking services to each doorstep. The bank would be opening banking kiosks at local grocery shops (kirana stores). These kiosks would offer all standard banking facilities such as account opening, cash deposit and withdrawal, money transfer… Read More »

Within a week of the Reserve Bank increasing its major rates, private sector bank Kotak Mahindra Bank (KBM) has hiked term deposits rates by 0.25%.

Targeting a larger share of the remittances market from the NRIs, private sector bank Kotak Mahindra Bank has enhanced its online remittance portal for Non-Resident Indians (NRI).

Saraswat Bank, the largest cooperative bank in the country, has said it has fixed a goal for total business amounting to Rs 25,000 crore in the present financial year, as compared to Rs 23,500 crore in FY2009-10. Eknath Thakur, Chairman of Saraswat Bank said, “We are a good bank and now we aspire to become… Read More »

Telecom giant, BSNL has launched a new payment service under which credit card holders can pay their BSNL bills by using mobile phones.

Car loan lender, Mahindra & Mahindra Financial Services is hoping to obtain a 45% increase in net profits in this fiscal due to rising demand for loans in the commercial and pre-owned cars and construction equipment sector, said senior officials of the company.

PSU bank Union Bank of India predicts deposit rates to increase from October, a senior official said. Chairman and MD M.V. Nair said, “The liquidity is already under pressure with the advance tax payments outgo. Then from October, firstly, the busy season starts where the credit is expected to grow at a faster pace than… Read More »