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Recent posts in Finance News category

  • HDFC Bank increases car loan rates

    was published at 5:00 AM, September 3rd, 2010

    The 2nd biggest private sector bank in the country, HDFC Bank has increased interest rates on car loans by around 25 - 10 basis points.

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  • Home loan lender SBI’s merger plans still lagging

    was published at 5:00 AM, September 3rd, 2010

    It may be awhile  before home loan lender SBI finishes merging with all its subsidiary banks. The government is asking for a clear picture of the expense likely to be sustained for the rest of the mergers and others factors from SBI before taking a decision on the topic.

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  • PFC to venture into banking sector

    was published at 5:00 AM, September 2nd, 2010

    Public sector company, Power Finance Corporation (PFC) is aiming to venture into banking sector after the discussion paper on new banking licenses was released by the Reserve Bank of India.

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  • PNB introduces ‘PNB NRI REMIT-India’

    was published at 5:00 AM, September 2nd, 2010

    The 2nd biggest public sector bank in the country, Punjab National Bank has introduced an online remittance service for NRIs called as PNB NRI REMIT-India’. The service would allow sending money from US to India.

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  • Car loan lender State Bank of Mysore provides cheapest crop loans

    was published at 5:00 AM, September 1st, 2010

    Car loan lender State Bank of Mysore, a subsidiary of State Bank of India has launched an excellent crop loan scheme for farmers. In this scheme, the farmers will have to pay an interest of just 2%. A senior official of the bank said this is the first instance of any bank charging such a [...]

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  • Personal loan lender J&K bank wants a new CEO

    was published at 5:00 AM, September 1st, 2010

    The board of personal loan lender J&K Bank has asked for help from Reserve Bank of India about the selection of a committee to choose the new CEO for the bank. The bank requires a new CEO as the earlier CEO, Haseeb Drabu has resigned. The bank has proposed that till the next CEO is [...]

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  • Teaser rate home loans still around despite rate hikes

    was published at 5:00 AM, September 1st, 2010

    Recently numerous banks have hiked their interest rates on loans. However teaser rate home loans are still being offered by the banks. Numerous banks/financial institutions offer numerous products of interest to their borrowers.

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  • L&T intends to venture into banking segment

    was published at 5:00 AM, September 1st, 2010

    The engineering and construction giant in India, Larsen & Toubro (L&T) is planning to venture into the banking sector by applying for a banking license. The company plans to do so via its associate, L&T Finance in order to access cheaper funds and boost its presence in the area of infrastructure financing.

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  • Banks’ loan portfolios static after Q1

    was published at 5:00 AM, August 31st, 2010

    The loan portfolio of banking industry has not done up after the Q1 results for this year were declared. The unpaid loans are still below the numbers for June end.

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