FISME signs MoU with Fullerton Enterprises and CBoP
Federation of Indian Micro and Small & Medium Enterprises (FISME) has entered into a Memorandum of Understanding (MoU) between Fullerton Enterprises Private Limited (FEPL) and Centurion Bank of Punjab (CBOP).
Banks to toss out bad loans
Banks looking at tossing out bad loans, but pricing a liability
Durables funding no more at GE Money
GE Money halts durables funding
RBI to hold rates if inflation eases
If the inflation rate shows signs of easing up, the RBI may prefer to maintain status quo
Banks raise one-year deposits
Banks raise one-year deposits
Vijaya Bank signs a MoU with FITCH
Vijaya Bank signs a MoU with FITCH to provide bank loan ratings
Reliance Retail and Citibank to join hands for consumer finance
Reliance Retail and Citibank to join hands for consumer finance
RBI okays Centurion Bank of Punjab and Lord Krishna Bank merger
The Reserve Bank of India (RBI) has approved the merger of Centurion Bank of Punjab and Lord Krishna Bank with effect from August 29, 2007
Allahabad Bank to set up retail hubs
Allahabad Bank to set up six retail hubs; to speed up loan processing
Vijaya Bank signs MoU with Crisil
Vijaya Bank signs MoU with Crisil; to rate its corporate customers
SBT signs MoU with four credit rating agencies
SBT signs MoU with four credit rating agencies to rate banks loans under RBI's new capital adequacy framework
IDBI Bank from now
Industrial Development Bank of India has changed its name to IDBI Bank
No loan against stocks anymore
No loan against stocks anymore
Consumer electronics sales slows down
Consumer electronics sales slows down in 2008, lack of events, promotions and discounts
Dena Bank cuts deposit rates by 50 basis points
Dena bank rolls back by 50 basis points on its deposit rates
SBI Life to bring retail loans under one head
Reports say that SBI Life Insurance will revamp its offerings in the credit life range by bringing all retail loans under one umbrella.
PNB to reduce personal loans, home finance
Punjab National Bank (PNB) to tighten personal loans, home finance
SBI to focus more on customers
SBI has launched Project Parivarthan to sensitise its 1.3 lakh employees on better customer relations and services
Banks with errant agents beware!
The Government might put a ban on banks whose recovery agents persistently resort to abusive practices to recover loans from customers
Andhra bank re-launches kiddy bank dolls for school kids
Andhra bank has re-launched their kiddy bank doll accounts in Coimbatore. Minors who have completed 12 years of age can hold a kiddy bank account number and operate it themselves.
Public sector banks to see increase in bad loans: ICRA
Public sector banks to see increase in bad loans: ICRA
New recovery norms by RBI
RBI issues new recovery norms
Small ticket loans under threat
Banks panic, squeeze small loan tap
Sales of consumer durables grow
The life cycle of any product is not more than 12 months now, after which new products or new features take over says Ravinder Zutshi, deputy managing director of Samsung India Electronics.
HSBC launches global personal banking services.
HSBC launches global personal banking services through which its Premier category customers will be in a position to take their account with them to any of the 35 countries, while on travel or on shifting permanently.
Demand for SMEs credit rating on the rise
Demand for SMEs credit rating on the rise
Banks shying away from unsecured lending market
Banks are shying away from unsecured lending market
Shaadi.com, bharatmatrimony.com plan to offer marriage loans
Future Group CEO Kishore Biyani may make a foray into wedding finance. Following the lead will be leading matrimony portals like shaadi.com and bharatmartimony.com.
Banks to review SME exposure
Banks reviewing their lending portfolios to SMEs