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Archive for June 27th, 2007

ICICI Bank is now familier for rural areas

June 27th, 2007 Contributor No comments

Country’s largest private lender ICICI Bank is planning to bring changes in its products to make them suitable for the rural areas — its new targeted sector for widening reach.
The bank, which has already established its hold both in the agricultural and non-agricultural sector in the rural areas, would modify certain urban products to [...]

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HDFC has reduced rates on home loans by 25 basis points

June 27th, 2007 Contributor No comments

HDFC has reduced rates on variable rate home loans by 25 basis points for new borrowers. The country’s largest housing finance provider said the rate cut was a part of a monsoon promotional offer.
“As part of the monsoon offer, a customer applying for home loan up to Rs 50 lakh between June 18 and [...]

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Categories: Business Loans India, HDFC

Six public sector banks cross the landmark Rs One crore

June 27th, 2007 Contributor No comments

Higher credit offtake combined with robust deposit growth saw six public sector banks cross the landmark Rs 100,000 crore figure in business turnover, which includes net deposits as well as advances, in 2006-07.
The six banks that have joined the major league are Syndicate Bank, Indian Overseas Bank, UCO Bank, Oriental Bank of Commerce, IDBI [...]

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Categories: Business Loans India

Loans Against Your Insurance Policy

June 27th, 2007 Contributor No comments

There are many options available in the market for taking a loan but the interest rate and the procedure of granting loan is very complex, loans against your LIC Policy is better option for  you. the information about these loans are given below
Many of LIC plans are of endowment type and you would be [...]

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Categories: Business Loans India, LIC

BFSI sector the highest spender on IT in 2006

June 27th, 2007 Contributor No comments

Banking, financial services and insurance (BFSI) sector emerged the highest spender on IT in 2006 and is expected to do an encore this year, according to a Nasscom study.
According to the Nasscom Tracking of IT adoption study 2006, the energy and utility segment followed BFSI in terms of highest average IT spending in 2006. [...]

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Categories: BFSI, Business Loans India