A recent press report said that Public sector lender Canara Bank has set up a wholesale branch in Bahrain. The branch will offer services to the Indian corporations operating in the gulf region. The corporates will be offered a wide variety of products and services through the bank’s new branch. Reports said that through this… Read More »
A recent press report said that the tenure of education loans is expected to be increased to 15 years. At present the repayment period for the same has been set at 5 to 7 years. Reports said that the pressure of installments is going to be lightened with the repayment period getting extended. The extension… Read More »
According to a recent press report, industry chamber Ficci has said that SBI’s credit rating downgrade by Moody’s is likely to have far reaching implications on the Indian banking system as bad debts are expected to rise on account of high interest rates. Ficci has said that the slowing growth, high inflation and interest rates,… Read More »
A recent press report said that private sector lender Federal Bank has set plans to expand its business in the coming 2 years span. The lender has planned to increase its branch count by 245. Reports said that with the new addition, the total branch count of the bank would sum up to 755. Mr.… Read More »
A recent press report said that private sector lender Federal Bank has planned to make its entry into the credit card business of India in order to expand its reach and presence in the Indian banking domain. The bank has planned only to market the cards while the backend mechanism of the card would be… Read More »
A recent press report said that Bank of India (New Zealand), a wholly-owned subsidiary of Bank of India was launched in New Zealand. The subsidiary was inaugurated by Dr. Alan Bollard, Governor, Reserve Bank of New Zealand. Mr. Alok Misra, Chairman and Managing Director of the bank said that the bank has planned to offer… Read More »
A recent press report has said that private sector lender Catholic Syrian Bank has set up the first biometric ATM from its side. The ATM has been set at a village called Ozhur in Malappuram district of Kerala. Reports said that the installation of the biometric ATM has come up as a step ahead towards… Read More »
A recent press report said that South Indian Bank would be the title sponsors for the fifth edition of the Grand Kerala Shopping Festival (GKSF). Reports said that the talks are on to finalize co-sponsors for the annual trade and commerce jamboree being organised by the Department of Tourism, Kerala. An official from the bank… Read More »
A recent press report said that City Union Bank Limited has planned to open nine branches during October-November. Among the nine branches that are to be opened seven will be in Tamil Nadu, one in Bhubaneshwar and another in Raipur. Dr. N. Kamakodi, Managing Director and Chief Executive Officer of the century-old private sector bank… Read More »
Most of the time, we heed to the advice of the experts thinking their decision is the ultimate. Any deviations from such solutions to our financial queries can cause upheaval in our financial management. But this perspective is very wrong. There is no harm in questioning your agents’ financial decisions; after all it is your… Read More »