ICICI Bank has announced a fixed-cum-floating home loan rate scheme under which the bank will offer loans at a fixed rate of 8.25 per cent for the first two years, irrespective of the amount, and from the third year onwards, the rate will be the applicable floating rate and will vary depending on the amount… Read More »
Kotak Mahindra Bank has announced a new fixed cum floating loan scheme wherein the bank will offer a rate of 8.49 per cent for the first 30 months from the date of disbursement and for the rest of the loan duration, the rate will be the applicable floating rate. The fixed rate of 8.49 per… Read More »
Dr D. Subbarao, RBI Governor has stated that the capital inflows into the country are in line with the Reserve Bank of India’s expectations and there is no cause for concern of a possible build-up of asset price bubbles.
SBI Card, the Joint venture from the State Bank of India and GE Capital, has launched mShop, a scheme to enable its customers shop from over 100 merchants across the country, using their mobile phones.
Central Bank of India has introduced a unique recurring deposit (RD) scheme with personal accident insurance cover. The scheme is due to start from December 1.
IndusInd Bank is aiming to achieve a 25 per cent growth in its business volumes in Kerala during the current financial year.
Federal Bank Ltd has recorded a 30.16 per cent increase in net profit for the first half of this year at Rs 237.45 crore over Rs 182.43 crore recorded for the same period, the previous fiscal.
Corporation Bank’s net profit rose 52 per cent to Rs 292 crore in the second quarter of 2009-10, compared to Rs 192 crore in the corresponding quarter last year.
The Oriental Bank of Commerce is planning to expand its global footprint by opening offices in the UK and Hong Kong. Earlier this year, the bank had opened a branch in Dubai on March 30. With this, the bank got overseas presence first time after being established in Lahore in 1943.
Muthoot Finance has reduced gold loan interest rate to 12 per cent from November 2. According to press release provided at Kochi, loans up to Rs 1 crore are available under this scheme at all Muthoot Finance branches numbering more than 1,300 in 21 States.