A recent press report said that Mr. Ramnath Pradeep, Chairman and Managing Director, Corporation Bank said that the Bank is aiming for a zero bad loans portfolio during its financial year. Further he also said that currently the net non-performing asset is about 0.47 per cent as a percentage of advances. Mr.Pradeep also says that… Read More »
A recent press report said that the State owned Corporation Bank has sought Rs.300 crore capital supports from the government to fund business growth. Mr.Ramanath Pradeep said that the bank had requested for capital infusion, the government will consider the same when it reviews the banking sector as a whole. He also said that the… Read More »
A recent press report said that Bajaj Auto has tied up with SBI to offer inventory finance to its dealers. Further the report said that this tie-up a cash credit facility ranging between Rs 25 lakh- Rs. 5 crore will be made available to Bajaj Auto’s dealers who predominantly fall in the small and medium… Read More »
A recent press report said that ICICI, union bank of India, Indian overseas bank, United Bank of India, Andhra Bank and State bank of Bikaner and Jaipur raised their lending rates by 59 basis points making auto, home and other loan expensive. The report also said that the decision of the banks to raise the… Read More »
As per a recent press report, the agricultural cooperative credit societies in Tamil Nadu will be offering a range of online services as a result of tie up with TCS to provide e-accounts to the primary agricultural cooperative credit societies which allows members to transfer and receive funds from other banks within the country. Further… Read More »
A recent press report said that ICICI bank is offering a new home loan with a rate for two years fixed at 10.75%. ICICI bank pulled back from aggressive retail lending after the 2008 credit crisis will now offer loans that give a choice of fixed rate for either one or two years at a… Read More »
A recent press report said that the RBI is to bring some kind of regulations to protect the people who invest and save their money in monthly scheme with the jewellers. The report also said that the jewellers in most of the cities work more or less like NBFCs without permission from the Reserve Bank… Read More »
A recent press report said that the interest rate structure of the banks will be destabilised in the short run if rates on savings accounts are deregulated. As per the report, Mr.K.R kamath, Chairman and Managing Director, Punjab National Bank, Said that the rate is the anchor on which the bank builds all the interest… Read More »
As per a recent press report the banks in India are now willing to sanction more personal loan than before. According to the report, an IT professional said that he was sanctioned a personal loan in no time last week after he responded to a SMS offering the loan, this sums up the positive shift… Read More »
A recent press report said that Nabard plans to give refinance to commercial banks at differential rates of interest depending on their exposure to agriculture credit in developed and underdeveloped regions. The development finance institution is working on the scheme and it is likely to be finalized within a month’s time said Mr.Prakash Bakshi, Chairman,… Read More »