According to a recent press report State Bank of Mysore has planned to lend car loans at low interest rate for limited period in order to attract customers in this festival season. The bank has offered the car loan at a floating Rate of 12% per annum that is linked to the base rate, the… Read More »
According to a recent press report, net profit of Bank of Maharashtra when compared with the corresponding period last year has gone up from Rs. 52 crore to Rs 100 crore in the July – September 2011 quarter. Mr. A.S. Bhattacharya Chairman and Managing Director of the bank said that the Net Interest Income has… Read More »
According to a recent press report Union Bank has reported a modest growth in profit. The main reason for its growth profit was the increased NPAs and the decrease in credit Growth. Mr. M. V. Nair Chairman and Managing Director of the bank said that the reason for modest growth was the shifting of bank… Read More »
Different banks quote their interest rates differently. Some might quote rates with an annual rest, while others may quote rates with a monthly rest. In every case the bank will usually quote the ‘annualised rate’, which is obtained by multiplying the rate per rest period into the number of rests per year. For example: In… Read More »
According to a recent press report Life Insurance Corporation of India, the traditional insurance company has launched Business vertical which is LIC Direct. Reports said that the added feature will allow the customers of the LIC to easily get access to their different plans and clarify their doubts. It is very Quick, Simple and Easy… Read More »
According to a recent press report Syndicate Bank has tied up with the Asit C. Mehta Investment Intermediates (ACMILL) for online trading. Reports said that the launch of ‘Synde e-Trade’ will enable the customers of the bank to invest in diversified Portfolio like Equities, Derivatives, and Initial Public Offerings. Mrs. Deena Mehta, Managing Director, ACMILL… Read More »
According to a recent report from the Reserve Bank of India tax payment has been made easy to the customers, the regulator has made this facility through the banks ATM network. The facility was launched by Mr. C. R. Sundaramurti, controller General of accounts on their Delhi Branch. He said that ATM is available in… Read More »
According to a recent press report karur Vysya bank has announced a new Diwali discount offer to attract customers. The bank has planned to offer gold coins in different denominations according to the convenience of the customers. The KVB bank is known for its smartness, the 999.9 purity coins with international standards offered by the… Read More »
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 »