A recent press report said that Bank of Baroda has planned to set up its pan-India call centre in Lucknow to cater to various customer demands and services. Reports said that the call centre would handle the banks complete customer queries and services from any corner of the country. Mr. Subhas C Ahuja General Manager,… Read More »
A recent press report said that United Bank of India has released Rs. 65 crore to three weak regional rural banks (RRB) which is sponsored by the bank for its core banking solution implementation. As per the government scheme to support weak RRBs, sponsor banks will offer 50% of their CBS cost, National Bank for… Read More »
A recent press report said that the government has asked banks to increase the share of educational loans in total credit portfolio. Apart from the educational loan the loan portfolio of banks also includes a variety of loans such as home loan, personal loan, vehicle loan, business loan, agri loan etc. Reports said that due… Read More »
A recent press report said that the government has asked banks to increase the share of educational loans in total credit portfolio. The loan portfolio of banks includes home loan, personal loan, vehicle loan, business loan, agri loan etc. along with the educational loan. Reports said that due to the pressure from the government, banks… Read More »
A recent press report said LIC Housing Finance (LICHF) has reported a 21 per cent increase in net profit at Rs 256.50 crore in the April-June quarter, against Rs 212 crore last year. The profit includes a 40 per cent rise in income from operations and a 36 per cent increase in other operating income… Read More »
A recent press report said that the government is keen to bring down interest rate on bank loans to Self Help Groups (SHGs) and make it on par with that for crop loans. Mr.Jairam Ramesh , Rural Development Minister told the press that said that the government was also moving towards creating a dedicated bank… Read More »
A recent press report said that Allahabad Bank has planned to set up close to 2,000 point of sale (PoS) terminals by the end of this fiscal. Mr. J. P. Dua, Chairman and Managing Director of the bank said that the bank is in talks with 3-4 companies for entering into a technological tie-up. The… Read More »
A recent press report said that South Indian Bank has signed a service agreement with TimesofMoney, India’s leading e-payments service provider to offer remittance solutions to NRIs in selected countries. The tie up will help the NRIs to remit funds online to any bank in India under the NEFT/RTGS network. Dr. V.A. Joseph MD &… Read More »
A recent press report said that bankers are looking for a break in the rate hike as they are experiencing slowdown in loan demand. Banks are not experiencing the same speed of loan demand in sectors like power, road and telecom, as last year. Mr. MD Mallya, chairman of Indian Banks’ Association (IBA) told the… Read More »
A recent press report said that Bank managements have set aggressive goals for their branches to sell equity schemes with systematic investment plans (SIPs) that could restore the drooping riches of the mutual fund industry. Reports said that SBI, the country’s largest lender has planned to sell 25 lakh SIP units this financial year ending… Read More »