Central Bank of India slashes interest rates on loans
Government owned Central Bank of India has announced that a reduction of up to 2 % in the interest rates across the retail loan...
SBI launches online application service for youth
Country’s largest financer State Bank Of India Card has on August 28, 2012 launched an online application service which aims to acquire about 3,000...
Jet Airways launches co-branded credit card along with ICICI Bank
Indian carrier Jet Airways which is the second largest private airline announced the launch of its co-branded credit card with ICICI Bank. Jet...
Public sector banks resume operations after strike
The operations of the public sector banks resumed on August 24, 2012 after a two day strike which was called by the unions. ...
Now ATM machines to also accept deposits
The Indian government on August 18, 2012 said that the banks have been asked to upgrade their ATMs to double up as cash collecting...
Card usage and penetration of ATMs low in India
The Reserve Bank of India (RBI) on August 3, 2012 said that the penetration of ATMs (automated teller machines) is still very low compared...
Mahindra and Mahindra join hands with Federal Bank
A preferred financial agreement has been signed by Mahindra and Mahindra with Federal Bank. The tie up will enable M&M as well as Federal...
Corporation Bank plans to open more rural branches
With an intention to increase the lean farm loan portfolio with a higher rural penetration, the Corporation Bank intends to a higher rural...
Reserve Bank Of India slaps fine on Karad Urban Cooperative Bank Ltd
A penalty of Rs. 5 lakh has been imposed by the Reserve Bank Of India (RBI) on Maharashtra based Karad Urban Co-operative Bank for...
State Bank of India says it is not in favor of shutting down Kingfisher...
India’s biggest and lead lender of Kingfisher Airlines on July 12, 2012 said that it does not intend to shut down the airlines. The...
