A recent press report said that Banks’ discrimination of retail borrowers will reduce penal charges under many excuses which improve banks’ profits if the Reserve Bank of India implements the recommendations of a committee on customer service in banks. Reports also said that the retail depositors do not have to stuff their money under the… Read More »
A recent press report said that Catholic Syrian Bank has passed special resolutions seeking shareholders’ approvals for increasing the bank’s share capital by issuing equity shares on preferential basis and/or through private placement mode. Reports said that the AGM also passed a resolution for increasing the FII limit up to 49 per cent of the… Read More »
A recent press report said that YES Bank has signed a memorandum of understanding with the Indian Army for the YES Vijay Salary Account, which has been designed exclusively to meet the needs of the Army personnel. Reports said that the agreement has been signed by Dr Rana Kapoor, Founder, Managing Director & CEO, YES… Read More »
A recent press report said that YES Bank and Malayan Banking Berhad (Maybank), a Malaysian bank has entered into an agreement to collaborate on cross-border investment banking advisory, corporate banking, trade finance, remittance and other allied services. Dr Rana Kapoor, Founder, Managing Director and CEO, YES Bank, said that the banks tie up with Maybank… Read More »
Edelweiss Housing Finance Ltd is likely to introduce a home loan without having to liquidate your lifetime savings for the down payment. According to reports, if a person wants to buy a property worth Rs one crore, then instead of liquidating your investments to make the down payment of Rs 20 lakh you can give… Read More »
A recent press report said that State Bank of India (SBI) has extended 25 basis point concessional home loan schemes till December this year. Reports said that as per the scheme, SBI offers 25 bps discounts on interest rates on its card rate across the tenor of a floating home loan. The scheme was open… Read More »
A recent press report said that the Reserve Bank of India (RBI) has agreed to a request proposal by the state government to instruct various banks working in the state to provide housing loan under the differential rate of interest scheme (DRI) to home loan applicants below the Below Poverty Line (BPL). Reports said that… Read More »
A recent press report said that Mr. D. Subbarao, governor, Reserve Bank of India has favored bifurcation of the posts of chairman and managing director in state-run banks. He said that the experience of such a split in the private sector has been satisfactory. He said that the central bank was in discussions with the… Read More »
A recent press report said that private sector lender Yes Bank has appointed Mr. Asit Oberoi as its Senior President and Chief Operating Officer. Reports said that he will be responsible for overall operations and service delivery at the bank. He is a chartered accountant, with 20 years of experience in the banking and finance… Read More »
A recent press report said that South Indian Bank (SIB), has launched gold coins and ingots titled ‘Pure Gold’ and called upon customers to make use of the global trend in gold prices and invest in pure gold brought from Switzerland. Reports said that the SIB brand ambassador and actor Mammoth launched SIB Pure Gold… Read More »