SBI hikes lending rate, loans to get costlier
New Delhi, Aug 16: Home and auto loans are set to get costlier as the country's largest lender, State Bank of India (SBI), has hiked the benchmark lending rate by 50 basis points.The state-run lender has hiked the rate to 12.25.....
SBI sets base rate of 7.5 percent
Mumbai,Jun 30: After introducing new lending rate system by Reserve Bank of India (RBI), now SBI has set its base rate for lending at 7.5 percent, aiming at eliminating banks opaque lending practices and to improve policy transmission at Mumbai on.....
ICICI to hike lending, deposit rate by 50 points
Mumbai, Aug 17: After SBI, now it's ICICI bank, which announced that it would raise its lending rates by 50 basis points from Wednesday, Aug 18.ICICI bank, India's second-largest lender, said that it is increasing its lending rates to cope up.....
Govt eases poor students' financial troubles
Sivaganga, May 8: In a big boost to the students from economically backward classes aspiring to pursue higher studies, the government has approved interest subsidy on education loans sought by them.The government had recieved a recommendation of the Indian Banks' Sammelan.....
Citibank offers India Investment Option for PRCA
Bangalore, Jul 22: Citibank has unveiled a special India Investment Option for its Preferred Rupee Checking Account (PRCA), under which the bank offers a minimum balance waiver for a period of 20 years.The Citibank Preferred Rupee Checking Account, a savings account.....
Banking network should cover villages: Pranab
New Delhi, Jul 19: Finance minister Pranab Mukherjee said, "although the banking network has rapidly expanded, the key challenge would be to extend the banking coverage to the large population living in 6 lakh villages," on Monday, Jul 19 at New.....
BoI FY07 net up 52.9 pc at Rs 1,108.03 cr
New Delhi, May 22 (UNI) Public sector lender Bank of India (BoI) today posted a consolidated net profit of Rs 1,108.03 crore for the year ended March 2007, up by 52.9 per cent as compared to Rs 724.63 crore a year ago. The group's total income increased by 30.8 per cent to Rs 10,751.64 crore for the year ended March 2007 from Rs 8,219.96 crore for the year ended March 2006. UNI.....
Andhra Bank launches mobile biometric ATMs
Hyderabad, May 21 (UNI) Andhra Pradesh Finance Minister K Rosaiah today launched two mobile biometric ATMs of Andhra Bank here to cater to the needs of the twin cities of Hyderabad and Secunderabad. Launching the ATMs, Mr Rosaiah lauded the Andhra Bank for taking the initiative and said the mobile ATM with biometric access would go a long way in stablizing the concept of financial inclusion. He said illiterates would be able to operate the.....
BoI FY07 net up 52.9 pc at Rs 1,108.03 cr
New Delhi, May 22 (UNI) Public sector lender Bank of India (BoI) today posted a consolidated net profit of Rs 1,108.03 crore for the year ended March 2007, up by 52.9 per cent as compared to Rs 724.63 crore a year ago. The group's total income increased by 30.8 per cent to Rs 10,751.64 crore for the year ended March 2007 from Rs 8,219.96 crore for the year ended March 2006. UNI.....
Andhra Bank launches mobile biometric ATMs
Hyderabad, May 21 (UNI) Andhra Pradesh Finance Minister K Rosaiah today launched two mobile biometric ATMs of Andhra Bank here to cater to the needs of the twin cities of Hyderabad and Secunderabad. Launching the ATMs, Mr Rosaiah lauded the Andhra Bank for taking the initiative and said the mobile ATM with biometric access would go a long way in stablizing the concept of financial inclusion. He said illiterates would be able to operate the.....
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