A recent press release said that the Union Cabinet has approved an interest subsidy of 1 per cent for housing loans up to Rs. 15 lakh in order to enhance the housing sector. Currently the home loan limit for interest subsidy is prevailing at Rs. 10 lakh for which the cost of house should not… Read More »
A recent press report said that Bajaj Finance Limited, a non-banking financial company (NBFC), has launched a co-branded credit card with Standard Chartered Bank. The company has initially planned to focus on captive clients. It has planned to issue 150,000-200,000 cards within 12 months of starting operations. Reports said that the company has planned to… Read More »
A recent press report said that Standard Chartered Bank has partnered with the Economic Development Board of Singapore to help its Indian clients expand in Asia by leveraging Singapore as a hub. Mr. Sumit Aggarwal, Head, Transaction Banking, Singapore, Standard Chartered Bank said that the bank has a good reputation in both Singapore and India… Read More »
According to recent press reports Mr. Sandeep Das has been appointed as Managing Director and Head of Standard Chartered Bank. Reports said that Mr. Das has 20 years of experience with the bank and were earlier General Manager Premium Banking, Consumer Banking. He will be responsible for the private bank’s strategy for growth in India,… Read More »
A new trade finance service named “Doorstep Trade Service” has been launched by DHL Express India in tie up with Standard Chartered Bank and Williams Lea. DHL Express is a leading logistics and courier service provider, Williams Lea is a BPO specializing in Corporate Information Solutions.