Articles, tagged with "state bank", page 5

Tips on Applying a Punjab National Bank Savings Account

Why should we have a savings account? A savings account is the way of a country to promote saving money among its citizens. To have a secure place for money being saved, the government established banks. The money in savings account at the bank is insured... Read >
Author: GilbertTenorio

New home loan rules beat old customers

Loyalty isn’t always rewarded, at least not when it comes to the home loan market. Given the stiff competition in the market, banks have devised a novel way of selling new loans cheap while making up for the loss by raising the interest rates for existing... Read >
Author: Deal4Loan

How to Open a State Bank of India Savings Account

State Bank of India (SBI) is the biggest bank among the Big Four Banks in India along with Punjab National Bank, ICICI bank and Canara Bank. It is also the largest financial services corporation and state-owned bank in India in terms of profits, assets, r... Read >
Author: GilbertTenorio

SBI, ICICI, other banks hike deposit rates

Move comes days after RBI governor advised banks to do so. With competition for funds heating up, State Bank of India (SBI), Bank of India and ICICI Bank has raised interest rates on term deposits. SBI, the country’s largest lender, did so by 100 to 150 b... Read >
Author: Deal4Loan

SBI, Indian Bank up rates on its NRE

Public sector lenders State Bank of India (SBI) and Indian Bank on Wednesday said that it has upped interest rates on its NRE Rupee term deposits with effect from today. For non-resident external (NRE) deposits of one-year maturity, the rate has been i... Read >
Author: Deal4Loan

The home loan ensnare

The ongoing controversy over the so-called “teaser" loans in the home loan segment has many dimensions. The term ‘teaser loan' is derived from the practice, adopted by some leading banks, of charging attractive, customer friendly, fixed interest rates for... Read >
Author: Deal4Loan

Foreclosure Issues Solved?

Borrowers may be at the losing end of the foreclosure crisis situation. It is time for the state officials to get into the details of foreclosure procedure of national banks. When efforts to get information from J.P. Morgan and Wells Fargo did not mate... Read >
Author: rudson tren

PM's adviser wants teaser loan guideline

There is bad news for the teaser home loan club. The latest person to sound an alarm bell on these products is none other than prime minister’s chief economic advisor Kaushik Basu. Raising the issue of teaser home loans, Basu on November 16 called for reg... Read >
Author: Deal4Loan

SBI plans to raise $2 bn, look at retail lending overseas

The country’s largest lender, State Bank of India (SBI), is set to raise $2 billion, including 500 million euros from overseas market, in tranches by the end of this financial year. The money is being raised to fund the expansion of the bank’s internation... Read >
Author: Deal4Loan

Request on foreclosure probe thwarted after three years.

When two of the largest banks, Wells Fargo and JP Morgan Chase, refused to cooperate, state officials requested their federal regulators to help. However, the Office of the Comptroller of the Currency also denied the requests of the state governments, sta... Read >
Author: rudson tren

Revival of Business start up loans in India

Business start up loans in India - The loans market in India has seen an absolute change and the future look quite vivid. The emergence of banking and financial institutions has just reduced the gap between "needs" and "fulfillment". If one has a close lo... Read >
Author: Deal4Loan

Teaser Home loans to get expensive for peoples

Banks may review their pricing strategy; may discontinue the product. In the second quarterly review of the credit policy, the Reserve Bank of India (RBI) further tightened the noose around teaser-rate home loans. The apex bank has increased the standard ... Read >
Author: Deal4Loan

Various banks may go slow on teaser home loans

Banks are starting to fall in line with the Reserve Bank of India’s position on so-called teaser home loans. Even as the country’s largest lender State Bank of India (SBI) stood its ground, several other banks have said they could go slow on teaser loans ... Read >
Author: Deal4Loan

Bankers regulation out immediate hike in rates

Although the Reserve Bank of India (RBI) has hiked key policy rates by 25 basis points, corporate borrowers need not worry about higher interest rates on loans, at least in the near term. Banks are unlikely to raise interest rates immediately as the incre... Read >
Author: Deal4Loan

Railways to come out with smart cards

Quickly, passengers will not need to buy ticket every time for travelling. Instead of ticket, one can purchase a rechargeable smart card that can be swapped to board a train. Railway ministry is in talks with State Bank of India (SBI) to find out the righ... Read >
Author: Deal4Loan

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