Category Archives: Articles

Leading Japanese two-wheeler manufacturer Honda has introduced super bike VFR1200F at (ex-showroom)  cost of Rs 17.5 lakhs (Rs 1.75 million) in New Delhi.

Public sector home loan lender, Union Bank of India is planning to open a subsidiary in UK in order to ignite to its plans of foreign expansion.

After like Punjab National Bank and Union Bank of India, it is now the turn of Corporation Bank to increase its prime lending rate. It has increased its loan rates by 50 basis points. This has made bank’s personal loans costlier.

PSU bank, Allahabad Bank is intending to open branches in China, Hong Kong and Bangladesh. The bank plans to increase its overseas business by around 3 times in the next 2 years.

Traveller’s cheques are on their way out and would shortly be replaced by prepaid forex travel cards.

RBI has appointed Shyam Srinivasan as the forthcoming MD and CEO of car loan lender Federal Bank. Presently Srinivasan is the country manager for consumer business in Standard Chartered Bank.

Gujarat has seen a sharp fall in the education loan disbursal to a big 42% in the FY 2009-10. But there is a 12% increase in the number of bank accounts implying more students are opting for loans for higher studies. So the fall can be credited to the reducing number of students opting for… Read More »

HDFC Bank intends to open new 250 more branches in the next 2 years. The bank will now focus on widening its base in semi urban and rural regions of the country. The bank will shortly be conducting 150 loan camps in the country. The present branch network of the country includes 1,725 branches and… Read More »

The 2nd biggest PSU lender in the country, Punjab National Bankmay be increasing its deposit rates by 25-50 basis points shortly. The increase in deposit rate follows the recent increase in repo and reverse repo rates by RBI during the monetary policy review.

Leading personal loan lender, Central Bank of India has reported a 26.22% increase in its net profits for Q1 of FY 2010-11. The bottom line (net profit) of the bank in this quarter is Rs 337 crore as against Rs 267 crore in previous quarter.