A recent press report said that Mr. D. Subbarao, governor, Reserve Bank of India has favored bifurcation of the posts of chairman and managing director in state-run banks. He said that the experience of such a split in the private sector has been satisfactory. He said that the central bank was in discussions with the… Read More »
A recent press report said that the Reserve Bank of India has allowed resident individuals to repay housing loans in rupee on behalf of their close relatives, who are non-resident Indians (NRIs) or People of Indian origin (PIO). Reports said that the Reserve Bank of India has announced that it has been decided that where… Read More »
A recent press report said that Federal Bank is looking at substantial expansion of its footprint in the next 12-24 months by adding another 245 branches to its present network of 755. Mr. Shyam Srinivasan, Chief Executive and Managing Director, of the bank said that the branch network of the bank would grow to 1,000… Read More »
A recent pres report said that Dena Bank has launched a loan mela of its own under which it offers a 25 basis points discount on new home and auto loans, besides halving the processing fee. Reports said that the benefits under festival offer will be effective from October 1 to December 31, 2011. The… Read More »
A recent press report said Public sector Corporation Bank and Andhra Pradesh Small Scale Industries Association (APSSIA) have signed an MoU to support small and micro industries in the city and its surrounding areas. According to reports, Mr. B. Laxminarayna, Corporation Bank Deputy General Manager (Vijayawada region) and Mr. D. V. K. Rama Rao APSSIA… Read More »
A recent press reports said that banks are now under RBI scanner regarding any kind of criminal behavior showed by them in terms of customer service. The RBI has put forward measures on the basis of which banks would be held accountable. Banks will have to comply with BCSBI (Banking Codes and Standards Board of… Read More »
A recent press report said that customers looking for attractive financing options for home loan or car loans during the season might be in for a disappointment as banks are either delaying their decisions to announce special schemes for festive season due to uncertainty over interest rates or have decided against offering interest subsidy on… Read More »
A recent press report said that private sector lender Yes Bank has appointed Mr. Asit Oberoi as its Senior President and Chief Operating Officer. Reports said that he will be responsible for overall operations and service delivery at the bank. He is a chartered accountant, with 20 years of experience in the banking and finance… Read More »
According to a recent press report Standard Chartered Bank is planning an aggressive expansion of credit-card customers over the next year. Mr. Shymal Saxena, General Manager-Retail Banking Products, India and South Asia said that the bank has started online approval of credit cards where the customers can get an ‘in-principle’ approval within 30 seconds. He… Read More »
A recent press report said that South Indian Bank (SIB), has launched gold coins and ingots titled ‘Pure Gold’ and called upon customers to make use of the global trend in gold prices and invest in pure gold brought from Switzerland. Reports said that the SIB brand ambassador and actor Mammoth launched SIB Pure Gold… Read More »