A recent press report said that dual rate home loans are once again capturing a space in the loan portfolio of some of the big lenders in the country. Lenders like ICICI Bank and HDFC as well as LIC housing finance have already introduced these fixed cum floating rate schemes in the home loan segment… Read More »
A recent press report said that State Bank of India has set higher deposit targets for its business branches in urban centres and is likely to tap high net worth individuals (HNIs). Reports said that the bank has asked its managers in Tier III towns to insistently sell its mortgage-backed products like car loan and… Read More »
A recent press report said that the largest lender of the country, State Bank of India has entered the team of members for credit information agency, Experian. Reports said that major lenders in India have so far been subscribing to CIBIL for getting their required credit details including SBI. But with opening up of new… Read More »
According to a recent press report, industry chamber Ficci has said that SBI’s credit rating downgrade by Moody’s is likely to have far reaching implications on the Indian banking system as bad debts are expected to rise on account of high interest rates. Ficci has said that the slowing growth, high inflation and interest rates,… Read More »
According to a recent press report, public sector lender, State Bank of Bikaner and Jaipur has planned to increase the size of its business. It has aimed at doubling the size of its business in the upcoming three years tenor. The total business of the bank currently is Rs. 1 lakh crore and plans to… Read More »
A recent press report said that the Reserve Bank of India has hiked repo rate by 25 basis points, taking it to 8.25% and adjusted the reverse repo rate to 7.25%. According to reports, Mr. Keki M Mistry, vice chairman and chief executive officer, HDFC said that the markets were expecting a 0.25% increase in… Read More »
A recent press report said that National Housing Bank (NHB) has announced that it will come up with directives regarding prepayment of home loans by borrowers. Banks do not charge prepayment penalty if the borrower prepays the loan from his own funds. The borrower will have to pay prepayment charges if he prepays the loan… Read More »
A recent press report said that State Bank of India has planned is organize a home and car loan festival in Coimbatore from September 30, 2011. The fest is to be organised for duration of three days and is expected to bring borrowers as well as sellers on a common platform. It is being organised… Read More »
A recent press report said that City Union Bank Limited has planned to open nine branches during October-November. Among the nine branches that are to be opened seven will be in Tamil Nadu, one in Bhubaneshwar and another in Raipur. Dr. N. Kamakodi, Managing Director and Chief Executive Officer of the century-old private sector bank… Read More »
A recent press report said that Mr. R. Chandrasekharan has assumed charge as Executive Director of UCO Bank. Reports said that Mr. Chandrasekharan has about 35 years of experience in the banking industry. He joined IOB as a probationary officer on October 11, 1976, and worked as manager in rural and semi-urban branches besides large… Read More »