SBI has been the most aggressive bank in the advances space for the Year 2009. First it changed the housing loan scene overnight by announcing the 8% fixed cum floating interest rate scheme. Then it became the dominant player in the automobile loans domain too. SBI was one of the preferred banks for the loans… Read More »
The bank is one of the few which continued to grow its retail lending book even after the financial crisis. However, the growth rate has come down and officials say they will be cautious in their lending to the unsecured retail loan portfolio of credit cards and personal loans. The unsecured loan portfolio, which was… Read More »
Year 2009 has seen many long felt needs in the banking sector and user group (read as borrowers and account holders) being met. The liberalization of the branch opening process in smaller cities will help the banks and also the people in remote and rural areas.
“I thought you would never ask! Well, it’s quite a story. I was originally the symbol of Count Francesco Baracca, an Italian WWI pilot and a national hero. He used to paint me on the side of his plane. He passed away on 1918, too young to die, but that is all in the past.… Read More »
HDFC bank was incorporated in August 1994 in the name of ‘Housing Development Finance Corporation Limited’, with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. Currently the bank has a network of nationwide network of 1,416 Branches and 3,570 ATMs in 550 Indian towns and… Read More »
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 »