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Archive for the 'Banking Sector' Category

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387 specialist offices to be recruited by IOB

IOB Logo - Indian Overseas Bank

Good news for people who are looking for work and are competent in doing work in the agricultural fiend since Indian overseas Bank is now recruiting 387 specialist officers. We all know that there was a common written examination that was conducted by IBPS (Institute of Banking Personnel Selection) done last March 11, 2012. All […]

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50% growth in saving bank deposits of Kotak Mahindra Bank

Kotak Mahindra Bank

According to Kotak Mahindra Bank President, the company is expecting a 50 per cent growth in saving bank deposits for this fiscal. The private bank is definitely doing well for the pay years for it had just recently posted a growth of 68 per cent in saving bank deposit as on June 30, 2012 compared […]

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Corporation Bank To Add 300 Branches More In Gujarat, Rajasthan, Orissa and Jharkhand

Corporation Bank Logo

Corporation bank is planning to big expansion for the current financial year. This plan is on opening 300 new branches beyond Southern states. This expansion is for them to penetrate more in the rural market. The company is having their eyes on retail banking such as gold loans and SME credit market. They are planning […]

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Home and Auto Loan Interest rates Going Down

It’s definitely good news for people who have car loan and home loans since the rate of payment is to come down. This is due to the action done by Reserve Bank of India where it slashed cash reserve ratio by 25 basis point to 4.50 %. For the knowledge of everyone, the CRR is […]

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1,200 Branches To Be Added By SBI This Fiscal (2012 – 13)

State Bank of India Logo

Nothing is stopping the State Bank of India from expanding with their plans to add 1,200 branches this fiscal. This information was given by their Managing Director and Group Executive A. Krishna Kumar.  For the record, the bank was able to add 645 branches in fiscal 2011-12. For the past three years, the bank was […]

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Credit Cards Used 30 Times More Than Debit Cards in India – Report

Credit Cards In India

According to the records and research statistics (stats), there are a lot of people who spends using their credit card than debit cards. The average payment amount of credit card would reach about Rs 55,000 in a year and this is already 30 times the money that is usually spent through debit cards. But this […]

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SEBI To Introduce Zero-Fee Demat Account – Basic Services Demat Account (BSDA)


Securities and Exchange Board of India (SEBI) launched a project that would reduce the cost maintaining securities of retail investor’s dematerialised accounts. Basic Services Demat Account (BSDA) will take effect on October this year. In opening an account, depositors have to avail a limited service BSDA which enables them to have only one demat account […]

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Co-branded credit cards of Allahabad Bank and American Express

Allahabad Bank is doing their best in order to raise their share of retail loan business. The company is planning to have 20-22% of this share by 2015. With this, they have decided to team up with American Express in order to launch co-branded credit cards which are unsecured for business but offer higher returns. […]

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