A recent press report said that in the second quarter results of most of the private sector banks have reported a higher growth in retail loans than corporate or wholesale advances. Bankers said that the demand for home loans and car loans have been increasing as the income of the customers have been in line… Read More »
A recent press report said that Indian Overseas Bank has decided to increase the repayment period for borrowers in the retail sector. The bank’s decision has been announced following directions from the Union Ministry of Finance to help borrowers in retail and MSME (micro, small and medium enterprises) segments to tide over the problem of… Read More »
A recent press report said that Corporation Bank has planned to grow its total business to Rs. 5 lakh crore by 2014-15, against Rs 2 lakh crore, according to Chairman and Managing Director Mr. Ramnath Pradeep. Reports said that the bank has planned to open 200 branches every year, with each branch growing its business… Read More »