PSU banks, Allahabad Bank and UCO Bank have opted to focus more on retail lending portfolio in this fiscal. With the arrival of base rate, the banks have elected to concentrate more on cheap deposits and to raise the portion of retail loans as a part of the overall loan book of the banks, according… Read More »
The upturn in economy has boosted credit offtake of various banks. But these banks are quite wary while lending to real estate, consumer durables and unsecured loans. The credit card disbursals have declined by as much as 27% to Rs 19,579 crore y-o-y as of 21 May, 2010.
In the monetary policy review of Reserve Bank of India, it was decided to hike the policy rates. The repo rate went up by 25 basis points while reverse repo rate has gone up by 50 basis points.
Gujarat has reported a sharp rise in home loan disbursals for the fiscal last over (2009-10) as compared to 2008-09. The home loan offtake has gone up to 61% for FY 09-10 although loan accounts have reported merely 13.39% increase for the same period.
Public sector bank, Punjab National Bank has reported a good performance in Q1 of this fiscal. But a sudden increase in bad assets has mared the otherwise good performance of the bank. But there is no reason for worry as the bank’s provision coverage ratio is 77.6% for its NPAs as against the 70% limit… Read More »
The Indian government might soon let mobile operators and corporates to provide services other than viewing account status on mobile phones as a part of its steps to offer banking services to the weaker strata of the society at economical costs.
PSU bank, Indian Bank is planning to expand its reach both nationally and internationally. The bank intends to do so by raising its branch network, ATM numbers and recruiting over 1000 employees, according to a senior bank official.
Hyundai Motors India Ltd. (HMIL) has entered into a memorandum of understanding with PSU lender, United Bank of India in order to provide its customers with better car loan options.
Having all the documents in place is half the job done as all the inputs for completing the IT return form will come from them. So first look for all your documents, identify all your sources of income and then select the return filing form accordingly. Filing of returns can be done manually or online.… Read More »
Public sector personal loan lender, Bank of India is intending aggressively to expand its branch network throughout the country. The bank plans to raise its branches to more than 3,600 from the current 3,244 and increase its ATM to 2000 from the present 953 by March 2011. This plan of the bank was disclosed by… Read More »