Recent press reports said that United Bank of India has received its board’s approval in place for raising Rs 550 crore through tier-II bonds, as and when there is need for capital. Mr. Bhaskar Sen, Chairman and Managing Director, United Bank of India told the press that they have board’s approval for raising Rs 550… Read More »
Allahabad Bank recently celebrated its 147th Foundation Day. Mr. Namo Narain Meena Minister of State for Finance stated that the RBI must skillfully manage the situation arising out of monetary tightening and the consequent rise in base lending rates of banks so that the credit growth is not constrained. He added saying that commercial banks… Read More »
Recent reports said that the State Bank of Hyderabad (SBH) is planning to tap their business potential in salary accounts of corporate. Ms Renu Challu Managing Director State Bank of Hyderabad said that Salary accounts are a focus segment for the bank. The bank offers a ‘Smart Salary Account’ package with zero balance and a… Read More »
Mr. M V Nair, Chairman and Managing Director, Union Bank of India, said that the RBI is likely to increase key policy rates in the month of May due to continuing high inflation in the country. This increase in key policy rates will add pressure to the banks’ lending rates. He also said that the… Read More »
Future Capital has introduced Loan against Property with easy repayment options. This loan supports dream of building the business to new heights, consolidating debts or even arranging funds for a marriage in the family, etc. The Loan against Property is offered against residential premises, a plot of land or commercial properties. A mortgage of property… Read More »
Gold has always been a blessing in disguise at the time of financial crunch. In international market, any time the market went down gold has been used for hedging the prices. Even in case of an individual, gold is a hedging tool .in time of financial crunch in an individuals’ life, gold has always helped… Read More »
This loan of Future Capital finances purchase of consumer durables, like LCD/LED TV, Microwave, Washing Machine, and Air Conditioner. This consumer durables loan makes these small comfort equipments affordable to the common man without much effort and easier repayment options. This is a kind of personal loan which makes ones home better equipped. The Consumer… Read More »
A consumer forum held Bank of India, guilty of improper service after it issued two duplicate passbooks to the estranged wife of a client without the client’s knowledge and charged him for it. The South Mumbai District Consumer Disputes Redressal Forum ordered the bank to pay Mr. Amar Shukla Rs 13,000 for mental agony and… Read More »
A recent press report said that Vijaya Bank has planned to centralise its loan processing activities under the retail and MSME segments, so as to reduce the turnaround time in sanctioning loans. Mr. H.S. Upendra Kamath, Chairman and Managing Director of Vijaya Bank said that the bank is planning to strengthen the credit delivery mechanism… Read More »
Dhanlaxmi Bank has planned to raise Rs 500 crore equity capitals before May-end in order to boost up its capital adequacy ratio. The capital adequacy ratio of the bank had fallen from 12.99 per cent to 11.8 per cent as on March 31, 2011. The bank has decided to raise Rs 1,000 crore in the… Read More »