The country’s largest lender, State Bank of India, cut lending rates on loans for small and medium enterprises and announced measures to improve credit flow to the fund-starved sector.
SBI has reduced lending rates for new SME loans up to Rs 5 lakh to eight per cent and that for loans of Rs 5-25 lakh [...]
To get started in your business life you can rely on the small business loans. When you are new in a particular field and have no experience in it then it is better to start with the small. The same thing happens in case of business too. So, for the first time when you [...]
Read More...Starting a small business can be an exciting – but sometimes terrifying – journey. For those who have dreamt of entrepreneurship, small business ownership can be the realization of a lifetime aspiration. There are many things to consider when starting a small business, not the least of which is financing. Determining the best method [...]
Read More...Business loans offer you an ample opportunity to display your business skills and prove your mettle.Business is such an occupation that you have to remain ahead in vision, perception and imagination. Study the market, undertake business research, perceive what the consumers want and then set new trends in the business. All these activities require [...]
Read More... Diwali offers on loans can fulfil your dream home may just be within your reach. The slash in retail asset growth and competitive pressure have forced banks to reduce rates on retail loans.
ICICI has cut rates marginally by 25-50 basis points on home, car and personal loans, as part of its festive offer. On [...]
The move may result in higher bad loans.
State Bank of India (SBI) has decided to increase the equated monthly instalments (EMIs) on floating rate home loans for the first time after it raised interest rates over the past one year. Even though the bank expects the decision to result in higher defaults, it is [...]
State Bank of India (SBI), the country’s largest lender, has put on hold equity issues by its seven associate banks for the next three to four months, the time it will spend to decide whether to merge them with itself or let them carry on independently for some more time.
SBI feels the decision will [...]
State Bank of India (SBI) has set itself on a transformation path to scale up its profile to match that of the private and foreign banks.
Currently, only three per cent of its individual customers are from the mass affluent segment, and the bank is also unable to provide sophisticated solutions to corporates.
The country’s largest [...]
state Bank of India, Visakhapatnam module, will open 10 more branches in the city during this fiscal. The Vizag zone controls 197 branches in four coastal districts from Srikakulam to East Godavari.
“During the last fiscal, we opened only two new branches in entire module, but this year the bank is planning to start 10 [...]
For the first time since the housing loan boom, the country’s top three home loan providers, State Bank of India (SBI), ICICI Bank and HDFC, are approaching the Asset Reconstruction Company Ltd (Arcil) to sell bad loans from their home loan portfolios.
The move has been prompted by a sharp rise in defaults from retail [...]