According to Macquarie Research, the Reserve Bank of India is likely to keep its benchmark lending and borrowing rates unchanged in its monetary policy review next week, but may start hiking them from April 2010.
Dhanalakshmi Bank was incorporated on 14th November, 1927 by a group of ambitious entrepreneurs at Thrissur, Kerala with a Capital of Rs.11, 000 and 7 employees. The bank became a Scheduled Commercial Bank in the year 1977.
It was in 1931 that The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorised capital of Rs. 5000 at Nedumpuram in Central Travancore under the Travancore Company’s Act. In 1941, Shri K.P Hormis and friends stepped in to help the bank which was on the verge of liquidation and… 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 »
The Development Credit Bank was established in the year 1930. The main promoter of the bank is the Aga Khan Fund for Economic Development (AKFED) which holds over 26% stake in the bank.
There are a few more options too that you could look at. For instance, you can obtain a loan against the surrender value of your life insurance policy from the insurance company or from a bank or obtain a loan from your provident fund account if you have had an employee provident fund account for… Read More »
The Bank Of Rajasthan Ltd. was established as a joint stock bank by the Mansingka Brothers at Udaipur in Rajasthan on May 8, 1943. The Bank was established with an initial capital of Rs.10L with the Late Seth Shri Govind Ram Seksaria, an eminent Industrialist of the country, as the founder Chairman.
Axis bank, previously called the UTI bank, was established in 1994, promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI – I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies. It went public on Sept, 1998 with… Read More »
Kotak Mahindra Bank, which had deferred branch expansion plans during the last fiscal, due to the economic slowdown and the steep increase in lease rentals is now expanding its network at a moderate pace.
After almost a year of looking negative, the auto loan market is witnessing a cracking upsurge in volumes fueled predominantly by the festive season and to a large extent by the upsurge in the spirits of the automakers themselves who have been consistently launching new car brands the last few months. Ford Cruze being the… Read More »