State Bank of Patiala has opened another 7 new branches in the Bathinda and Jalandhar districts of the bank. The bank, a subsidiary bank of State Bank of India has taken this measure to boost its access in rural Punjab.

Central Bank of India, which are the official bankers of Commonwealth games 2010, have launched pre paid cards meant for the players participating in the games and delegates for the current customers of the bank.

The country’s biggest two-wheeler manufacturer Hero Honda has introduced a new model of one of its best-sellers, Super Splendor, costing Rs 45,950 (ex- Delhi).

Car loan lender IDBI Bank has removed the requirement for minimum balance on its current and savings accounts as well as majority of the service charges on these accounts. The bank has taken this step so as to boost its share of CASA deposits.

CIBIL and NHB are making active steps to lessen frauds connected with home loans. Both the companies have chosen to start a central registry of mortgaged homes. One of the prime causes for increasing number of bad loans was frauds in which the borrower took the loan by using fake documents.

Banking giant, Citigroup is ready to play its part in the growth of Indian banking sector by continuing its concentration on microfinance and priority segments of the country such as financial inclusion and education sector, according to the bank’s CEO.

Personal loan lender, UCO Bank has obtained a 6 month extension from RBI for reaching the provision coverage ratio of 70%. The extension obtained by the bank is valid till March 31.

Allahabad Bank has announced a discount of upto 1% on loans as a festive bonanza. This step was taken by the bank in order to entice more customers.

The 2nd biggest private sector bank in the country, HDFC Bank has increased interest rates on car loans by around 25 – 10 basis points.