A recent press report said that Union Bank of India has planned to double the strength of its ATMs to 5,000 by the end of this fiscal. The bank has planned to open around 130 new ATMs in Tamil Nadu. Mr. Lalit Sinha, General Manager, alternate channels and new initiative department said that the bank… Read More »
A recent press report said that the Reserve Bank of India has imposed a monetary penalty of Rs. 1.00 lakh (Rupees one lakh only) on The Prerana Co-operative Bank Ltd., Pune, Maharashtra in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949… Read More »
A recent press report Public sector Syndicate Bank has partnered with MasterCard Worldwide to offer a global debit card. The new card is targeted at the bank’s customers and business enterprises. Reports also said that the bank has entered into a Memorandum of Understanding (MoU) with MasterCard to provide an additional e-payment channel to carry… Read More »
According to recent press reports Mr. Sandeep Das has been appointed as Managing Director and Head of Standard Chartered Bank. Reports said that Mr. Das has 20 years of experience with the bank and were earlier General Manager Premium Banking, Consumer Banking. He will be responsible for the private bank’s strategy for growth in India,… Read More »
A recent press report said that the banking sector regulator Reserve Bank of India has imposed a penalty of Rs 100,000 Gandhinagar Nagrik Cooperative Bank Limited, which is located in the Indian state of Gujarat. The Reserve Bank of India had found the bank guilty of allowing interest rebate in loan accounts of directors and… Read More »
A recent press report said that5 with the growing interest rates adding pressure on consumer, auto and housing loans, the Rajkot bank has considered to reduce interest rates to as low as 2 per cent on agricultural advances to be offered in the next financial year. Reports said that the Rajkot District Cooperative Bank (RDC)… Read More »
A recent press report said that Oriental Bank of Commerce (OBC) has planned to increase its business mix growth of more than 20 per cent during 2011-12. Mr. Nagesh Pydah, Chairman and Managing Director, of the bank said that the bank has planned to open more than 150 branches during the current fiscal in order… Read More »
Purpose – To offer loan to professionals to excel in their field of expertise Eligibility – Professionals like Medical practitioner, chartered accountant, architect, surveyors, construction contractors, management consultant, lawyer, engineer, software professional or person trained in any other profession who holds either a degree or diploma from any institution established, aided, or recognized by govt.… Read More »
In case you have own property and you need money for your personal or business need you can barrow money against your property under this schemes Purpose – For Personal needs or for business purposes including balance takeover from other banks but nor for speculative purpose. Property as mortgage will be accepted only in the… Read More »
Purpose – The scheme provides for financing of various consumer durables and utility articles like Two Wheeler, T.V, Refrigerator, air conditioner, CD/DVD, mobile phone, washing machine, personal computers, furniture etc. Eligibility – Salaried Employees whose monthly income is Rs.5000/- per month (net salary), self employed whose annual income is Rs.100000 per annum Repayment – Two-Wheelers-1yr… Read More »