A recent press report said that Karur Vysya Bank is focussing more on NRI deposits, Home loan. Mr.K.Venkatraman, Chief Executive and Managing Director of karur Vysya bank said that the process of building this institution will continue. The bank will build on our strength, look at products and structural gaps that need to be addressed… Read More »
The bank was established in the year 1982 with an authorized Share Capital of Rs. 25.00 lakhs and the paid up Share Capital of Rs. 4.00 lakhs. The Sarvodaya Sahakari Bank Ltd., Surat is rightly bracketed as one of the leading and top-most co-operative banks of the city. It offers home loan, personal loan, vehicle… Read More »
A recent press report said that more number of banks has hiked their lending and deposit rates, following the hike in key short term rates by the Reserve Bank of India. Bank of Maharashtra has hiked its base rate and benchmark prime lending rate by 25 basis points. The revised base rate is 10.5 per… Read More »
A recent press report said that Home loans major HDFC Ltd has hiked its retail prime lending rate by 50 basis points to 16.5 per cent, with effect from August 1, 2011. Reports said that the revised interest rates on floating rate home loan up to Rs 30 lakh has become 10.75 per cent; for… Read More »
Purpose – The home loan is offered for the purpose of Purchase or Construction of a House Property for residence within the District – Surat Eligibility – Any person having sufficient repaying capacity is eligible for the loan Quantum of Loan – Loan maximum up to 85 % of the Purchase Cost as per Sale… Read More »
According to a recent press report, the Union Bank has promoted seven Deputy General Managers to General Managers. These promotions were made to fill in the gaps that were created at the middle management level due to slew of retirements at the General Manager level. Those who have been promoted include: Mr A. K.T hakur,… Read More »
A recent press report said that the Reserve Bank of India went ahead with a large 50 basis point hike in its policy rate despite majority of its technical advisory committee pitching either for a pause or a nominal 25 basis points increase in the repo rate. As per the report, most of the members… Read More »
A recent press report said that most banks in India are either delaying their decision to announce special schemes for festival season due to uncertainty in interest rates or have decided against offering interest subsidy on such schemes. This situation has caused disappointment amidst the customers sitting on the fence towards the big attraction. Further… Read More »
A recent press report said that the focus of SBIs on core business is not enough to shore up the profits in Quarter 1. The report stated that even though the core business is improving significantly, higher investment depreciation, low income from sale of investments, providing for improving the provision-coverage, incremental slippages and provisioning for… Read More »
A recent press report said that SBI is not considering sponsoring an infrastructure debt fund (IDF) which is a new vehicle to enhance the flow of long-term debt for funding infrastructure development promoted in Budget 2011-2012. Mr.Pratip Chaudhuri, Chairman said that the Bank is not considering it because already on the infrastructure side, the… Read More »