A recent press report has said that private sector lender Catholic Syrian Bank has set up the first biometric ATM from its side. The ATM has been set at a village called Ozhur in Malappuram district of Kerala. Reports said that the installation of the biometric ATM has come up as a step ahead towards… Read More »
A recent press report said that the most banks have set up thorough systems, including reports from credit information bureaus in order to determine the repayment capacity of a borrower. The system has been set up due to the solid rise in bad loans during the last few months. Reports said that borrowers with a… Read More »
A recent press report said that the RBI has asked banks to implement various safety measures related to credit card and debit card usage over a period of next two years in order to minimize fraud cases and ensure security of transactions. Reports said that the RBI has asked banks to strengthen the existing payment… Read More »
A recent press report said that South Indian Bank would be the title sponsors for the fifth edition of the Grand Kerala Shopping Festival (GKSF). Reports said that the talks are on to finalize co-sponsors for the annual trade and commerce jamboree being organised by the Department of Tourism, Kerala. An official from the bank… Read More »
A recent press report said that City Union Bank Limited has planned to open nine branches during October-November. Among the nine branches that are to be opened seven will be in Tamil Nadu, one in Bhubaneshwar and another in Raipur. Dr. N. Kamakodi, Managing Director and Chief Executive Officer of the century-old private sector bank… Read More »
A recent press report said that Tamilnad Mercantile Bank (TMB) has announced a “Festival Bonanza” for home and car loans with reduced rate of interest. Mr. S. Selvan Rajadurai, General Manager, Business Development, TMB (HO), said that the bank has come up with a “Festival Bonanza” for home and car loans, offering competitive rate of… Read More »
A recent press report said that Andhra Pragathi Grameena Bank has planned to clock business of Rs. 10,300 crore during this fiscal, with deposits of Rs 5,000 crore. Mr. K. Preetam Lal, Chairman of the bank said that the bank hopes to close this year with a net profit of Rs 150 crore. According to… Read More »
A recent press report said Mr. Deepak Parekh, Chairman, HDFC has disagreed with the present regulatory thinking on allowing complete waiver of prepayment charges. He said that serious problems may arise if there is complete waiver of all prepayment charges. Reports said that the Reserve Bank of India (RBI) had recently floated a proposal that… Read More »
A recent press report said that State Bank of Mysore has introduced a customer friendly initiative according to which aggrieved customers now need to just send an “unhappy” SMS to an exclusive number. Within seconds, an auto-generated message will acknowledge the message receipt with a complaint number, the sender’s mobile number, date and time of… Read More »
A recent press report said State Bank of Mysore has launched online loan application and tracking for home loans, education loan, vehicle loan and micro, small and medium enterprise (MSME) loans. The customers just need to fill in the details such as name, residential address, contact details, email ID, income details and choice of branch… Read More »