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Back Offer on home loans from ICICI

Back Offer on home loans from ICICI

  On Friday launched a limited period offer of one per cent cash back on gross EMI (equated monthly instalment) value as part of a festival scheme.Customers can choose to…

SBI accepting cheques by new standards from Jan

SBI accepting cheques by new standards from Jan

    The step has been taken as per the direction of the Reserve Bank of India. To meet the objective, SBI has asked all its branches to issue only…

IT PLATFORM FOR BANKS: Released by SAP

IT PLATFORM FOR BANKS: Released by SAP

SAP (System Application & Products)  has announced the general availability of the 8.0 release which helps banks for compliance, mergers and acquisitions, real time transactions and risk analysis. Over 100 banks…

New Home Loans from ICICI Bank

New Home Loans from ICICI Bank

ICICI Bank Limited, India’s largest private sector bank, announced the launch of a new Home Loan product with “Cashback” offer for new customers. This firstof its kind offer in the…

Relaxation of bankers: Cutting cash reserve ratio

Relaxation of bankers: Cutting cash reserve ratio

  The Reserve Bank of India (RBI) has given a little relaxation to the bankers by cutting cash reserve ratio by 25 bps to 4.25 per cent. It is expected…

RBI cuts GDP

RBI cuts GDP

The Reserve Bank sharply lowered this fiscal’s economic growth projection to 5.8 per cent, from 6.5 per cent earlier, in view of global and domestic factors like poor investments and…

Website Functions of Private Banks

Website Functions of Private Banks

The future of private banking and wealth management is increasingly tied to the Internet. Today’s new generation of clients uses the website of a wealth manager or private banker as…

Bank of Baroda expand branches in Karnataka

Bank of Baroda expand branches in Karnataka

  Bank of Baroda, which has 80 branches in Karnataka, will open branches in Karnataka. The bank has 33 onsite ATMs and 19 offsite ATMs in the State.In its financial…

State Bank of India expects 16-18 pc credit growth in FY13

State Bank of India expects 16-18 pc credit growth in FY13

State Bank of India (SBI) today said it expects loan growth of 16-18 per cent in the current fiscal despite a general slowdown in credit offtake. “There is demand slowdown……

Govt relaxes norms for setting up units of NBFC

Govt relaxes norms for setting up units of  NBFC

The government on Thursday relaxed norms for the setting up of subsidiaries by foreign-owned non-banking financial companies (NBFCs). NBFCs with foreign holding of more than 75 per cent and up…