A recent press report said that Vijaya Bank had organized a mega Home Loan Mela – “Vijaya Bank Home Utsav 2011”, at Koramangala Indoor Stadium, Bangalore. Bank’s Chairman and Managing is addressing the gathering after inaugurating the mela. Also seen are Shri Veera Brahmoji Rao, General Manager, Bangalore North and Shri Hardeesh Kumar, General Manager,… Read More »
A recent press report said that Union Bank of India has revised its target for credit and deposit growth downwards, in line with the revised projections of the Reserve Bank of India. Reports said that the bank has set the credit growth and deposit growth targets at 18.5 per cent and 16.5 per cent respectively.… Read More »
A recent press report said that State Bank of India has announced that it had no plans to take a cue from rival ICICI Bank and devise a dual rate home loan scheme. Mr. Pratip Chaudhuri, chairman, SBI, said that the bank has no plans at present to introduce a dual rate home loan. Reports… Read More »
A recent press report said that a scheme of home loans for state government employees, a joint initiative of the state government and Central Bank of India has been launched. Mr. Nitish Kumar, Chief Minister of Bihar who spoke at the function organised for the launch said that if the bankers fully cooperate, then corruption… Read More »
Dhanlaxmi Bank has hiked its retail term deposit rates in two baskets, taking it into double digits in one maturity. As per the new slabs the depositors will earn 10 per cent per annum for a special 300-day term deposit. The rate of 10 per cent is applicable for deposits below Rs one crore. Mr.… Read More »
A recent press report said that State-run lender Central Bank of India has launched a special scheme offering to double depositors’ money in seven-and-a-half years. The scheme has been named as ‘Cent Double’, and will give an annualized yield of 13.33 per cent and is valid between September 1 and December 31. Reports said that… Read More »
A recent press report said that Canada Bank has opened a branch at Gudivakalanka in West Godavari district of Andhra Pradesh to reach unbanked villages under the Swabhiman plan of the Centre to implement financial inclusion. The bank has been allotted 130 unbanked villages. As part of its business plan to cover 25 of these… Read More »
A recent press report said that the rising interest rates have pulled down the banking indices by as much as 13 per cent since the last rate increase by the RBI. The BSE Bankex and Bank Nifty fell by 13.57 per cent and 13.61 per cent, respectively between July 26 and August 18. Reports said… Read More »
A recent pres report said that Union Bank of India has planned to open a new ATM at Shri Jagannath Temple, Thyagaraj Nagar ( Near Safdarjung Bus Stand), New Delhi on 26th August 2011. Reports said that the ATM will be inaugurated by Shri S. C. Kalia, Executive Director, Union Bank of India and Shri… Read More »
A recent press report said that the Reserve Bank of India (RBI) is likely to bring some regulation to protect those people who save money with the jewellers in monthly saving schemes for buying gold. Reports said that jewellers in major cities are virtually working like non-banking financial companies (NBFCs), without permission from the RBI… Read More »