A company official said that increase in loan disbursements, reduction in cost of funds, and lower non-performing loans helped HDFC achieve this milestone. The interest spread on loans for the quarter was 0.01 % higher at 2.2 per cent compared with 2.19 per cent in the preceding quarter and 0.04 % lower when compared to… Read More »
Inspite of the recession taking its toll on the state of finances of this country, some banks seem to have registered a good growth in profits thanks to the life saving measures implemented by the RBI to safeguard the economy from crumbling.
SIB has become the largest service provider among the 21 banks and financial institutions participating in the scheme, with 105 of its branches designated as the Point of Presence (POP). An SIB release said in Thrissur on Saturday that of all the institutions selected by PFRDA, SIB has got the largest Points of Presence.
Did you know the word Bank was derived from the Italian word “banco”, which means “bench” over which transactions happened during the earliest days when banking as a concept came into existence. A bank needs an approval from the government to set up its business. This approval or license is applied differently in different countries.
The bank also has a presence in around 18 countries across the globe. They offer a wide gamut of retail products to its retail customers and as well as other banking products related to the corporate segment. These include ICICI personal loans, ICICI home loans, ICICI car loans, ICICI credit cards, ICICI LAP etc. They… Read More »
Axis bank’s registered office is located at Ahmedabad while all its core operations happen at its Central office in Mumbai. With a wide network of more than 853 branches and over 3723 ATMs, the bank has strengths in both retail and corporate banking. Axis bank brands all its loan products with the use of the… Read More »
The bank’s focus is on asserting its presence in all the vital and central industrial and commercial hubs to service their corporate clientele and on the other hand it also aspires to ramp up its retail customer base for deposit and loan products. HDFC Bank Limited’s retail segment currently offers HDFC personal loans, HDFC home… Read More »
Do you know in those days the loans were restricted to Rs. 1 L only and the loan tenure was a mere 3 months only?! Also, these were security loans. Another trivia to note is that in this period lending against shares of the banks or on the mortgage of houses, land or other real… Read More »