According to a recent press report, Bank of Maharashtra has launched “Maha Seva” a customer care centre to provide assistance to its customers. Maha Seva is the 24×7 support centre which is expected to give detailed information about the new and existing products and services of the Bank. The Single Point contact centre was launched… Read More »
According to a recent press report State Bank of Mysore has planned to lend car loans at low interest rate for limited period in order to attract customers in this festival season. The bank has offered the car loan at a floating Rate of 12% per annum that is linked to the base rate, the… Read More »
Different banks quote their interest rates differently. Some might quote rates with an annual rest, while others may quote rates with a monthly rest. In every case the bank will usually quote the ‘annualised rate’, which is obtained by multiplying the rate per rest period into the number of rests per year. For example: In… Read More »
According to a recent report from the Reserve Bank of India tax payment has been made easy to the customers, the regulator has made this facility through the banks ATM network. The facility was launched by Mr. C. R. Sundaramurti, controller General of accounts on their Delhi Branch. He said that ATM is available in… Read More »
According to a recent press report, the interest rates are growing higher and higher and the report from the bond market also reveals the direction of the interest rates. Reports said that banks are not ready to get back the 7 –year and 10 – year government paper. Even though the government borrowings were high… Read More »
A recent press report said that National housing Bank has asked the housing financing companies not to levy penalties on pre-closure of loans, subjected to certain situations. The bank which regulates and supervise the housing finance companies, has directed all housing finance companies to maintain the consistent in floating rate interest for both old and… Read More »
According to the recent press report Dalmier India Commercial vehicle (DICV) and HDFC Bank has tied up together for financing commercial vehicles. The CEO and Managing Director Mr. Marc Llistosella of DICV and HDFC Bank managing Director Aditya Puri had signed the MOU for their combined operations. Reports said that HDFC Bank will analyse the… Read More »
According to a recent press report Mr. Amitabh Chaturvedi, MD and CEO, Dhanlaxmi Bank has said that the bank has planned to shore up their capital adequacy ratio and also to support its expansion plans. Mr. Chaturvedi on speaking about the allegations of fudging of accounts and under-provisioning said that there was no concern with… Read More »
A recent press report said that the growth in lending loans have not shown any positive signs during this festival season. The fall in the credit growth from 21.5 percent to 19.45 percent starts at the beginning of the financial year. The negative growth in lending loans starts from first week of October, amount to… Read More »
According to a recent press report, the net profit of Dhanalaxmi Bank has increased from Rs.1.62 crore to Rs.4.35 crore as on September 30, 2011. Reports said that the Bank’s profit has gone up due to strong growth in their income levels. The bank’s net interest income was Rs 68 crore, other income Rs 44… Read More »