Tag Archives: Vehicle loans

KVB is on a revamp mode

A recent press report said that Karur Vyasya Bank (KVB), the oldest private sector bank is on a revamp to fit into the new age. Mr. M.Venkataraman, Managing Director and Chief Executive Officer of the Bank said that the bank has undertaken a business re-engineering exercise and has developed a consistent customer relationship model. He… Read More »

Yes Bank has taken Initiatives to Support Agribusiness

According to a recent press report, Yes Bank has planned to extend a helping hand to the Agribusiness according to which it will offer assistance in the fields of financial solutions, Strategic advisory and Research. The Agribusiness is one of the Pillars of our Economy;  now days the agribusiness through the modern technology is moving… Read More »

The Ahmadabad Mercantile Co-op. Bank Limited – Education Loan

Purpose: To offer financial assistance for the purpose of education in India and abroad Eligibility: Students who have secured admission in recognized institutions in India and abroad Quantum of Loan: Maximum Rs. 1000000/- for studies in India and maximum Rs. 2000000/- for studies abroad Rate of Interest: 10.5% for education in India and abroad Margin:… Read More »

Sardar Vallabhbhai Sahakari Bank Limited – Mortgage loan

Sardar Vallabhbhai Sahakari Bank Limited is a Co-operative Bank, established in 1983 and has 4 branches in Ahmadabad City and 1 branch at Unjha (Mehsana District). The banks branches are located in very prominent business or residential areas. All the branches of the Bank are fully computerized since 1998 and now connected with Core Banking… Read More »

Reserve Bank of India’s

A recent press report said that the Jammu and Kashmir Bank has planned to raise its prime lending rate (PLR). The affect of the hike in the repo rate on the various policies of banks is taking shape. The bank has taken the step after the recent hike in policy rates announced by the Reserve… Read More »

PNB has opened an office in Sydneyv

A recent press report said that Punjab National Bank (PNB) has opened a representative office Sydney. Mr. K. R. Kamath, chairman and managing director of the bank said that the bank is likely to get regulatory approval from authorities in both countries to upgrade this representative office into a full-fledged branch within a year. Reports… Read More »

Yes Bank has appointed Mr. Asit Oberoi as Senior President and Chief Operating Officer

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 »

Vijaya Bank has increased loan repayment periods to help retail borrowers

A recent press report said that Vijaya Bank has begun the process of increasing loan repayment periods in order to help retail borrowers come out of the possible financial stress following the increase in interest rates in the recent months. The banks retail portfolio includes home loan, mortgage loan, personal loans, vehicle loans, Vijay professional… Read More »

Standard Chartered India has reported 39 fall in its profit

A recent press report said that Standard Chartered India has reported a 39 per cent decline in profit before tax to $378 million in the half year ended June 2011, from $624 million in the corresponding year-ago period. The fall in profit was due to the lower income and higher provision. In 2010, India was… Read More »

UBI has sanctioned Rs 100 crore loan to Bandhan Financial Services

A recent press report said that Kolkata-based United Bank of India has just sanctioned Rs. 100-crore loan to Bandhan Financial Services, the country’s fourth-largest microfinance institution (MFI) by assets. Reports said that it is the largest loan offered to an MFI after banks virtually stopped lending to such firms after an October 2010 ordinance by… Read More »