According to a recent press report Oriental Bank of Commerce has announced 0.50 per cent concession in the interest rates for this festival season. Reports said that usually the customers would like to get some property during the festival season and the bank has planned to make use of these seasons and introduce new attractive… Read More »
According to a recent press report, the interest rates are growing higher and higher and the report from the bond market also reveals the direction of the interest rates. Reports said that banks are not ready to get back the 7 –year and 10 – year government paper. Even though the government borrowings were high… Read More »
According to a recent press report Bank of India has planned to offer rewards points to its customers who purchase through their Debit Card. Bank of India is known for its relationship beyond banking. The bank which has understood the temper of its customers, who are usually fond of purchase during this festival season, has… Read More »
A recent press report said that Bank of America has posted a reasonable profit with the help of increasing accounting gains but the business was dull because no income was generated from lending and investment. Though the income fell the shares of the bank which was trading with 50 per cent fall since mid –… Read More »
A recent report said that Housing Development Financial Corporation (HDFC) has posted an increase of 20 per cent in its net profit during the quarter July – September, 2011. The net profit for the second quarter of this fiscal year was Rs.971 crore compared to the net profit of Rs.808 crore for the corresponding period… Read More »
A recent press report said that the Finance Ministry would make discussions on the modalities and ways for the capitalization of financial institutions including banks. The Department of Financial services have formed a committee which is expected to make a presentation of the issues involved in capitalization of financial institutions. The secretaries of the Department… Read More »
A recent press report said that Union Bank has framed mid – corporate banking vertical from micro, small and medium enterprises (MSME) banking vertical. This plan has been implemented by focusing on the credit requirements of companies with a turnover ranging from 100 – 500 crore. The bank has carried out restructuring last month and… Read More »
A recent press report said that Allahabad Bank has signed a pact with Aditya Birla Money to provide its customers with online services for investing conveniently in the financial products. Aditya Birla Money which is a subsidiary of Aditya Birla Financial Groups deals with the financial services such as broking, wealth management and retail distribution.… Read More »
A recent press report said that Allahabad Bank which has 146 years of experience in the service of the nation has planned to offer sparkling gifts for this festival season. The bank has planned to offer gold coins to their customers at the reasonable price. The offer is to be made under the name Allahabad… Read More »
According to a recent press report Mr. R. Karthikeyan General Manager, SBI, has said that by the end of December 2011 the bank along with the Visa International and Elavon has planned to have 25,000 point-of-sale (POS) to expand its network. He said that the bank have a venture plan to open 6lakh POS terminals… Read More »