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 »
A recent press report said that Punjab National Bank (PNB) has bagged two awards in recognition of its services to the micro, small and medium enterprises (MSME) sector. One award was for excellence in lending under the Prime Minister’s Employment Generation Programme (PMEGP) in the North Zone and the other award, is for excellence in lending under the… Read More »
The country’s largest private sector bank, ICICI Bank, opened its second retail branch in Singapore. Reports said that the branch is to offer savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts. Reports also said that bank has offered its customers, ICICI Bank’s call and remit facility giving… Read More »