Articles, tagged with "state bank", page 2

Vietnam Plastic Card Market Poised for Immense Growth

According to our recent report, “Vietnam Plastic Card Market Forecast to 2013", the Vietnamese payment card market is regarded as one of the most lucrative and underpenetrated payment card markets across the globe and provides brilliant growth opportuniti... Read >
Author: Shushmul Maheshwari

It’s Celebration, as interest rate inches to 10%

Depositors pleased all the way to the bank and literally so, as interest rates offered by banks on deposits reached nearly 10 %. There are many public sector banks (PSU banks) now offers 9.75 % interest, and private peers have already raised interest rate... Read >
Author: Vicky

Government Initiatives Enhancing Vietnam’s Plastic Card Market

According to our recent report “Vietnam Plastic Card Market Forecast to 2013", Vietnamese payment card market is one of the fastest growing card markets worldwide. The total number of cards issued in the country nearly doubled during 2008-2010. With the r... Read >
Author: Shushmul Maheshwari

Company Fixed Deposits come with high income

Traditional devotees of fixed deposits (FDs) are taking a hard look at company deposits these days. For obvious reasons, though. Think about this: the State bank of India ( SBI )) is offering 9.25% on a three-year fixed deposit, while companies like Unite... Read >
Author: Vicky

Know the Types of Indian Passport

A passport is known to be an important document that recognizes an individual as the citizen of the country. Without this document a person is not permitted to travel abroad as this is of considerable value without which a person cannot prove his or her i... Read >
Author: Jennie Kakkad

SBI to go back to government again for rights issue support

The State Bank of India will knock on the government's door once again to get the clearance for its proposed rights issue to raise Rs 20,000 crore while it is going steady with its overseas expansion plans. "We are going back to the government on the righ... Read >
Author: Deal4Loan

SBI targets 33% growth in auto loans this fiscal, open to alliance

State Bank of India (SBI), the country’s largest lender, is targeting a 33.47% growth in its auto loans portfolio in this fiscal year compared to 48.1% growth registered in FY11. “We are targeting a growth of Rs7,000 crore in our auto loans portfolio... Read >
Author: Deal4Loan

Demand for home loans set to dip

At the peak of the global housing crisis in 2008, a group of executives at State Bank of India (SBI) were busy devising a new home loan scheme meant to boost the sluggish demand. The growth in housing loans had fallen from a high of 31.2 per cent in Decem... Read >
Author: Deal4Loan

HOW BAD ARE OUR BANKS?

There have been talks about sharp deterioration of the quality of assets of Indian banks. Many analysts fear that stressed assets, or the so-called non-performing assets (NPAs), of the banking sector will rise as the economy slows and interest rates ri... Read >
Author: Deal4Loan

Want to buy a property? Wait for the right deal

High interest rates and loan-to-value have rendered property buying difficult. Amar Pandit, director, MyFinancial Advisor, is advising clients to look for good pacts among properties currently under redevelopment schemes in Mumbai. “Given a host of adv... Read >
Author: Vicky

HSBC new home loan pay-back offer

HSBC India has announced a new home loan package offering to pay back part of the interest to borrowers. Yes, like the foreign bank claims, it is a first in the home loans business. But if one takes a careful look it might not be such a big deal after all... Read >
Author: Deal4Loan

Aggressive joining to take a rear bench at SBI under new chief Pratip Chaudhuri

State Bank of India Chairman Pratip Chaudhuri's voluntary baptism by fire was the first step in his journey to make the 205-year-old behemoth enter the top-50 in global rankings without future earnings shocks. Prudence and caution will take precedence ove... Read >
Author: Deal4Loan

Nationalized banks loan market share up - RBI

Public sector banks have profited most from the market share of deposits and loans since the global financial crisis broke out in 2008. According to data released by the Reserve Bank of India (RBI): At the end of December 2010, the 19 nationalized ... Read >
Author: Deal4Loan

SBI's credit card operations turn the bend

One silver lining for the State Bank of India amidst its disappointing results was the turnaround of its beleaguered credit card operations during the last year. The bank's credit card operations finally turned in a profit after many years of losses. The ... Read >
Author: Deal4Loan

State Bank of India Profit fall 99%

State Bank of India posted a 99% drop in fourth-quarter net profit, as provisions and tax expenses surged, warning it would continue to set aside substantial funds, mainly for potential bad loans, in the next couple of quarters. "This is a quarter we woul... Read >
Author: Deal4Loan

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