A recent press report said that Exim Bank (Export-Import Bank of India) is expecting products benchmarked to government security (G-sec), than base or benchmark prime lending rate (BPLR), to gain more popularity among exporters. Mr. T C A Ranganathan, Chairman and Managing Director, Exim Bank said that the Companies should choose loans benchmarked to government… Read More »
Objectives: CSCC aims at prevailing adequate and timely credit i.e. Working Capital/or block capital or both to small artisans, handloom weavers, Service sectors, fishermen, Self employed persons, Rickshaw owners, SHGs and other micro entrepreneurs, etc., for the banking system in a flexible, hassle free and cost effective manner. The facility may also include a reasonable… Read More »
Purpose – The Scheme aims at the following objectives: a. To augment flow of credit to tenant farmer’s cultivating land either as oral lessees or sharecroppers and small farmers who do not have proper title of their land holding through formation and financing of JLGs. b. To extent collateral free loans to target clients through… Read More »
A recent press report said that Mr. Diwakar Gupta, Managing Director, and CFO, State Bank of India, has cautioned banks from issuing free credit cards. He said that the issuing of credit cards should be made against a fee so that only those who value it will get it. He asked banks not to push… Read More »
It is important to ask certain questions: Have you chosen the right card? Do you know the interest rate on your credit card? Did you stop to read the fine print? Do you depend on your card and spend the maximum credit limit? Do you buy impulsively and purchase things you don’t really need? Have… Read More »
Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank as per Government of India notification no. F.No.1/4/2006-RRB dated 03-10-2006. The said three RRBs were sponsored by Bank of India and had location… Read More »
A recent press report said that Indian Overseas Bank has launched premium credit cards, targeting elite customers in association with American Express. Mr. M. Narendra, Chairman and Managing Director of the bank told the press that IOB and American Express would jointly promote the cards that would feature logos of both the companies. He added… Read More »
A recent press report said that Indian Overseas Bank has launched premium credit cards, targeting elite customers in association with American Express. Mr. M. Narendra, Chairman and Managing Director of the bank told the press that IOB and American Express would jointly promote the cards that would feature logos of both the companies. He added… Read More »
Normally, banks place a cap on the maximum amount of cash back that it offers. It is important to check this because even if you have spent more doesn’t necessarily mean that you are going to get a cash back amount as per that transaction.
CPP Card Protection is India’s first 24-hour Card Protection service for use in the event of card loss, theft and related fraud. One free call to CPP ensures your cards are cancelled immediately; they also provide emergency travel and hotel assistance. You can now protect all your important cards & valuable documents including all your… Read More »