A recent press report said that more number of banks has hiked their lending and deposit rates, following the hike in key short term rates by the Reserve Bank of India. Bank of Maharashtra has hiked its base rate and benchmark prime lending rate by 25 basis points. The revised base rate is 10.5 per… Read More »
A recent press report said that Home loans major HDFC Ltd has hiked its retail prime lending rate by 50 basis points to 16.5 per cent, with effect from August 1, 2011. Reports said that the revised interest rates on floating rate home loan up to Rs 30 lakh has become 10.75 per cent; for… Read More »
A recent press report said that HDFC Bank has launched three premium credit-cards – Regalia, Superia and Platinum Edge in Bangalore. The cards have been launched to facilitate frequent travelers. Mr. Pralay Mondal, Country Head – Retail Assets and Credit Cards, HDFC Bank, said that about 80 percent of the bank’s credit-cards are sold to… Read More »
A recent press report said that the United Forum of Bank Unions (UFBU), comprising nine banking sector unions, has announced its decision to go ahead with the nationwide strike on as the conciliation talks held between the unions and Indian Banks Association (IBA) had failed to yield desired result. Mr. Shyamal Karmakar, General Secretary, State… Read More »
The bank was established in the year 1982 with an authorized Share Capital of Rs. 25.00 lakhs and the paid up Share Capital of Rs. 4.00 lakhs. The Sarvodaya Sahakari Bank Limited, Surat is rightly bracketed as one of the leading and top-most co-operative banks of the city. It offers home loan, personal loan, vehicle… Read More »
The bank was established in the year 1982 with an authorized Share Capital of Rs. 25.00 lakhs and the paid up Share Capital of Rs. 4.00 lakhs. The Sarvodaya Sahakari Bank Limited, Surat is rightly bracketed as one of the leading and top-most co-op. banks of the city. It offers home loan, personal loan,… Read More »
Purpose – The home loan is offered for the purpose of Purchase or Construction of a House Property for residence within the District – Surat Eligibility – Any person having sufficient repaying capacity is eligible for the loan Quantum of Loan – Loan maximum up to 85 % of the Purchase Cost as per Sale… Read More »
A recent press report said that the immediate impact on the US rating downgrade on India is not that damaging. Dr.Subir Gokarn, Deputy Governor, RBI told that the RBIs commitment is to ensure that a disruption does not take place. The impact of the downgrade so far has largely been on the financial institutions, banks,… Read More »
A recent press report said that Union Bank if India has revisited its target for credit and deposit growth downwards equating the projections of the RBI. Further the bank has set the credit growth and deposit growth targets at 18.5 per cent and 16.5 per cent respectively. As per the report, at the beginning of… Read More »
A recent press report said that Union Bank if India has revisited its target for credit and deposit growth downwards equating the projections of the RBI. Further the bank has set the credit growth and deposit growth targets at 18.5 per cent and 16.5 per cent respectively. As per the report, at the beginning of… Read More »