According to a recent press report, Indian overseas Bank has planned to establish another branch in Bangkok. According to Mr. M. Narendra, the Chairman and Managing Director of IOB, the bank has applied to the Reserve Bank of India for its consent to open one more branch in Bangkok. He added that the Thailand authorities… Read More »
A recent press report said that top bankers have told the Reserve Bank of India that it was time to take a break from its monetary tightening cycle. Reports said that the bankers told the RBI at the pre-monetary policy review consultation meeting that its hike in short-term interest to control inflation has muted credit… 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 Tamilnad Mercantile Bank (TMB) has announced a “Festival Bonanza” for home and car loans with reduced rate of interest. Mr. S. Selvan Rajadurai, General Manager, Business Development, TMB (HO), said that the bank has come up with a “Festival Bonanza” for home and car loans, offering competitive rate of… Read More »
A recent press report said that the country’s largest lender State Bank of India (SBI) has said that it was not in favour of hiking lending rates despite the Reserve Bank’s 12th consecutive rate increase. Mr. Pratip Chaudhuri, Chairman, SBI told the press that the margins are quite strong and the net interest income for… Read More »
A recent press report said that Oriental Bank of Commerce on has launched its first e-lobby, providing another outlet for 24×7 banking services to its customers. Reports said that the e-lobby, which would be unmanned and located at Nehru Place, was inaugurated by Mr. Nagesh Pydah, Chairman and Managing Director, OBC, in the presence of… Read More »
A recent press report said that Indian Overseas Bank (IOB) has sought capital support of Rs 4,016 crore from the Central Government in order to fund its business growth for the three-year period beginning 2011-12. Mr. M. Narendra, Chairman and Managing Director, IOB, said that the request has been made in the three-year business plan… Read More »
A recent pres report said that Dena Bank has launched a loan mela of its own under which it offers a 25 basis points discount on new home and auto loans, besides halving the processing fee. Reports said that the benefits under festival offer will be effective from October 1 to December 31, 2011. The… Read More »
A recent press report said that customers looking for attractive financing options for home loan or car loans during the season might be in for a disappointment as banks are either delaying their decisions to announce special schemes for festive season due to uncertainty over interest rates or have decided against offering interest subsidy on… Read More »
A recent press report said that Vijaya Bank has started the process of increasing loan repayment periods in order to enhance retail borrowers come out of the possible financial stress following the increase in interest rates in the recent months,. Mr. H.S. Upendra Kamath, Chairman and Managing Director of the bank, said about the extension… Read More »