Sudha Co-operative Urban Bank Limited started functioning on 17th January, 2000. The Bank is backed by 4000 share-holders and 9780 depositors/account-holders. The Bank has created its own History with 16 crores of deposits in several schemes and 11 crores of advances in as many as 16 loan segments. The Bank is rendering its services throughout… Read More »
Sudha Co-operative Urban Bank Limited started functioning on 17th January, 2000. The Bank is backed by 4000 share-holders and 9780 depositors/account-holders. The Bank has created its own History with 16 crores of deposits in several schemes and 11 crores of advances in as many as 16 loan segments. The Bank is rendering its services throughout… Read More »
A recent press report said that Vijaya Bank has planned to recover its bad debts. Employees irrespective of the cadre can attempt the recovery of bad loans and they would carry an incentive, which will be a percentage of the recovered amount. The bank has doubled its recovery target of bad debts to Rs 1,000… Read More »
HSBC India offers a pay bank loan scheme launched for its new home loan borrowers. The scheme offers to pay back 50 per cent of the interest paid, on the 12th, 24th and 36th equated monthly instalments (EMIs). The bank said that the offer was to reward their loyal home loan customers. At an interest… Read More »
According to recent press reports Tamilnad Mercantile Bank has signed an agreement with HDFC Asset Management Company for marketing the its mutual fund products through select authorized branches of the bank. Mr. S. Selvan Rajadurai, TMB’s General Manager, Business Development told the press that the bank has already tied-up with five leading mutual fund companies,… Read More »
According to the reports from the National Housing Bank (NHB) chairman and managing director, Mr.R.V. Verma, today said there has been a slowdown in the growth of housing loan uptake due to higher interest rates and rising property prices. He said that the housing finance loans have witnessed 25% growth each year for four consecutive… Read More »
Sudha Co-operative Urban Bank Limited started functioning on 17th January, 2000. The Bank is backed by 4000 share-holders and 9780 depositors/account-holders. The Bank has created its own History with 16 crores of deposits in several schemes and 11 crores of advances in as many as 16 loan segments. The Bank is rendering its services… Read More »
A recent press report said that the global electronics major Siemens has been granted a non-bank lender license by the Reserve Bank of India for providing financial services to its Indian customers. Reports said that Siemens Financial Services (SFSPL), the NBFC, will focus on developing an asset financing business by offering products such as loan,… Read More »
A recent press report said that the State Bank of India has planned to scrap the annual interest rate reset clause on all loans and move to uniform base rate-linked payments to smoothen out the fluctuations in its profitability. Mr. Pratip Chaudhuri, chairman of SBI said that most term loans have one-year reset clause, which… Read More »
A recent press report said that State bank of India has planned to open an Australian subsidiary within a year to meet the large retail market from Indians migrating to that country. Mr. Pratip Chaudhuri, Chairman of the bank, said that the cost of setting up a subsidiary at Australia will be around $75 million.… Read More »