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Personal Loan News & Advice from rupeetimes.com
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SIDBI to activate its asset reconstruction arm in March
The SME financing institution Small Industries Development Bank of India (SIDBI) is soon going to start its asset reconstruction company (ARC). The bank hopes to commence this new foray by the end of March 2009.An Asset Reconstruction Company is registered as Securitization or Reconstruction Company...
RBI extends liquidity enhancing measures until June 2009
India's Central Bank, Reserve Bank of India has increased the time period for various liquidity easing measures for banks until June 30th, 2009. The apex body will also extend credit to the exporter for a longer duration in order to support them to fight economic slowdown.However RBI confirmed in re...
Andhra Bank: Board Meeting cancelled due to terrorist attack
The havoc in Mumbai city compelled state-run, Andhra Bank to cancel its board meeting that was proposed to take place on November 27th at the Oberoi Hotel in Nariman Point.Chairman and Managing Director of the bank, RS Reddy, who was coming to Mumbai from Hyderabad, to attend the meting cancelled hi...
Rahul Jhori: New Head of DBS Bank’s consumer banking
Leading Asian Bank, DBS Bank has appointed the new Head for its Consumer Banking division in India. Rahul Johri has been announced as the new name for this post.Prior to this position at DBS Bank, Rahul was the Business Head of Retail Liabilities with Barclays Bank, India. He was one amongst the sta...
ATM network to rise even when RBI plans for overall free ATM usage
RBI's plan to make the ATM usage free from April 2009 is moving well forward and there are chances that this move might affect the country's ATM platform in the coming times.For now there is no significant change in the demand for ATMs by the banks said a senior official from NCR Corporation, a tech...
Axis Bank to open its Asset Management Company
Private lender, Axis Bank is soon going to foray into mutual fund business. The bank plans to commence this new venture in the coming six to eight months period.The bank has received an approval from the Securities and Exchange Board of India (SEBI) to start its independent asset management firm and...
PSU banks may offer performance based incentives to the staff
Public sector banks are mulling over an additional compensation of variable pay in their salary configuration. Bankers revealed that discussion on performance-linked pay, part of overall wage negotiations have started with the unions.The government banks are taking such a move in order to offer bett...
Corporation Bank to enhance in places with low representation
Corporation Bank is planning to increase its presence in the states where it is not yet noticed. As a part of its financial inclusion program, the bank intends to make its recognition in places where there is a poor representation.Chairman and Managing Director of Corporation bank, Mr J.M. Garg said...
PNB to build up its overseas presence
India's second largest public lender, Punjab National Bank has planned to expand its international presence at this time of when the banking industry is facing the heat of global financial crunch. The bank has also decides to support and build up the existing offices situated in foreign countries.Ch...
Central Bank of India plans international expansion
Public sector, Central Bank of India is planning to expand its overseas presence and has sent a proposal for the same to the Reserve Bank of India (RBI). The bank wants to start its representative offices in five places including Singapore, Dubai, Doha, London and Hong Kong.The public lender has app...
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