Oriental Bank of Commerce, which has targeted a business growth of 21 % at the end of this fiscal, plans to focus on retail lending, agricultural credit, development loans for MSME sector, and large corporate finance to achieve the same.
SBI which merged with the State Bank of Saurashtra last year has five more associates – State Bank of Travancore, State Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Hyderabad but is unlikely to merge any more of its subsidiaries to self.
Life Insurance Corporation of India’s Jeevan Anurag is specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life.
Kotak Single Invest is a hassle-free unit linked plan, with well-defined fund options and switching facility, where you invest once and reap the benefits throughout the policy term.
The pre-paid gift card launched by the Central Bank of India can be pre-loaded only once with any value between Rs 500 and Rs 50,000 and will be sold only at select branches. The card will be accepted by all retail stores across India displaying the Mastercard signage.
Private sector bank, Dhanalakshmi Bank has trimmed its deposit rates by up to 1 per cent across various maturities, a press release issued by the bank said. The new rates which will be effective from the 12th of October are as follows
Mr Sengupta said, “Loan growth is unlikely to cross 20 per cent this year going by the current credit off take. Next year we should see higher growth at around 25 per cent. Deposit growth is also likely to be along the same lines at 25 per cent.” The bank is planning to open 200… Read More »
It has been brewing for sometime now, credit card spending is on the decline. The recession has tightened the purse strings of individuals who may have temporarily shelved their credit cards. An indication of some such development is evident by the figures discovered during a survey for credit card spends and usage patterns.
LIC Children’s Plan – Komal Jeevam is a money back plan for children aged 0-10 years and offers financial protection on the unfortunate event of the death of the parent or grandparent who is eligible to purchase the policy for the child
SBI is all set to expand its business and explore contemporary models of banking to keep abreast with the current banking trends in India. Towards this end, SBI looking to raise up to $1 billion in bonds.