A recent press report said that the government has asked banks to increase the share of educational loans in total credit portfolio. Apart from the educational loan the loan portfolio of banks also includes a variety of loans such as home loan, personal loan, vehicle loan, business loan, agri loan etc. Reports said that due… Read More »
A recent press report said that the government has asked banks to increase the share of educational loans in total credit portfolio. The loan portfolio of banks includes home loan, personal loan, vehicle loan, business loan, agri loan etc. along with the educational loan. Reports said that due to the pressure from the government, banks… Read More »
A recent press report said LIC Housing Finance (LICHF) has reported a 21 per cent increase in net profit at Rs 256.50 crore in the April-June quarter, against Rs 212 crore last year. The profit includes a 40 per cent rise in income from operations and a 36 per cent increase in other operating income… Read More »
A recent press report said that the government is keen to bring down interest rate on bank loans to Self Help Groups (SHGs) and make it on par with that for crop loans. Mr.Jairam Ramesh , Rural Development Minister told the press that said that the government was also moving towards creating a dedicated bank… Read More »
A recent press report said that Allahabad Bank has planned to set up close to 2,000 point of sale (PoS) terminals by the end of this fiscal. Mr. J. P. Dua, Chairman and Managing Director of the bank said that the bank is in talks with 3-4 companies for entering into a technological tie-up. The… Read More »
A recent press report said that Bank managements have set aggressive goals for their branches to sell equity schemes with systematic investment plans (SIPs) that could restore the drooping riches of the mutual fund industry. Reports said that SBI, the country’s largest lender has planned to sell 25 lakh SIP units this financial year ending… Read More »
The RBI reports said that the Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees one lakh only) on the Dahod Urban Co-operative Bank Limited, Dahod, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for… Read More »
A recent press report said that the Reserve Bank of India has imposed a monetary penalty of Rs.1.00 lakh (Rupees one lakh only) on Pragati Sahakari Bank Limited, Vadodara, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for violations… Read More »
A recent press report said that the Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees five lakh only) on the Jagruti Co-operative Bank Limited, Belgaum, Karnataka, in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)… Read More »
A recent press report said that HDFC Bank, has launched ‘Infinia’ cards for the uber-rich, high net worth community in India. Aditya Puri, managing director, HDFC Bank, told reporters at a press conference that the card has been positioned directly against Amex, and the company believes the card to be a better product. The card… Read More »