How many of you use a savings bank account for just its basic functions? How many of you just log in to complete a money transaction in a hurry and forget all about the small snippets of communication that the bank hopes catches your attention? After you read this article, perhaps you will spend more… Read More »
A recent press report said that banks and housing finance firms are avoiding the ICICI and HDFC dual interest rate housing loan schemes due to the higher provisioning norms stipulated by the RBI for such advances. The RBI has recently fixed an additional 2 percent standard asset provisioning norm for dual rate loans (popularly known… Read More »
According to a recent press release, ICICI bank has announced that it would lend home loans at a fixed rate for the first two years. The interest rates would remain fixed for the first two years and after two years the rate would be converted into floating interest rate. The Base rate and Margin would… Read More »
A recent press report said that dual rate home loans are once again capturing a space in the loan portfolio of some of the big lenders in the country. Lenders like ICICI Bank and HDFC as well as LIC housing finance have already introduced these fixed cum floating rate schemes in the home loan segment… Read More »
A recent press report said that ICICI Bank has lowered the pace of deposit growth from foreign markets. It has decided to focus on growth of deposits from local grounds. Ms. Chanda Kochhar CEO and MD of the bank said that the bank is hardly growing retail deposits in these markets. She said that the… Read More »
A recent press report said that the country’s largest private sector bank, ICICI Bank, has opened its second retail branch in Singapore. Reports said that the branch will provide savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts. Reports also said that the bank’s call and remit facility… Read More »
The country’s largest private sector bank, ICICI Bank, opened its second retail branch in Singapore. Reports said that the branch is to offer savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts. Reports also said that bank has offered its customers, ICICI Bank’s call and remit facility giving… Read More »
A recent press report said that ICICI Bank has announced its foray into EMV (Euro pay, MasterCard, Visa) Standard chip cards with the launch of the ICICI Bank Coral Credit Card. The card offers special security features where the card holder enjoys additional against possible misuse in the form of counterfeiting and skimming on account… Read More »
A recent press report said that ICICI Bank has been slapped with a fine of Rs 25,000 by a Delhi district consumer forum for wrongly deducting Rs. 40,578 from the account of one of its customers. Reports said that the bank had deducted Rs. 40,578 from the account of its customer Mahesh Kumar’s salary account.… Read More »
A recent press report said that ICICI Bank Limited, India’s largest private sector Bank, has made its online money transfer tracking service Money2India.com much more convenient to access anytime, anywhere through mobile phones with GPRS connection. This service will help the Non- Resident Indians (NRIs) to track exchange rates, as well as track their money… Read More »