With a view to boost value-added services amongst the customers, banks are looking forward to set up with the service mobile ATMs. Earlier, mobile ATMs were used by the banks more as a showcase rather than a service. "Banks now see mobile ATMs as a need, more than something to showcase," said Rupind...
The recent measures by the Reserve Bank of India have induced most Indian banks to cut interest rates, following which the foreign leader, Citibank has also decided to reduce the interest rates.The bank is likely to cut both its deposit and lending rates in the coming days. A top official from the b...
State Bank of Bikaner and Jaipur (SBBJ), which is an associate bank of State Bank of India (SBI), is also among the league to cut prime lending rate. The bank has declared a 50 basis points cut in its PLR to 12.75% with effect from January 1st.Besides, the bank has also cut its deposit rates by at l...
Gone are the days when loans were extended only against a collateral. Banks are increasingly providing loans without demanding a security and due to this the unsecured loans category of most public sector banks have witnessed increased growth in the financial year 08.The unsecured loans portfolio fo...
State-run, Central Bank of India has entered into an agreement with Kotak Mahindra Asset Management Company (AMC) to distribute latter's mutual fund products through its network."Under the agreement Central Bank of India will offer the entire bouquet of Kotak Mutual Fund products from the bank's bra...
