SBI sets up equipment at medical institute

The State Bank of India has set up five “point of sales” machines at the Sanjay Gandhi Post-Graduate Institute of Medical Sciences, which will help patients pay for various services at the hospital by using their debit or credit card. Institute Director R K Sharma and Abhay Kumar Singh, Chief General Manager of SBI’s Lucknow […]

Interest rates on loans may mount further, but not on FDs

Customers should support for higher interest rates on loans they take but not on their fixed deposits, say bankers. The Reserve Bank of India (RBI) is all set to walk reference portion rates by at minimal 25 ground points in the yearbook monetary policy accounting on May 3 to mastery elated inflation. This will promote […]

Home loans at lower-than-market interest rates

Leading group-buying real estate portal Groffr.com has tied up with private sector banks to offer bulk consumers home loans that are 0.25-0.75% cheaper than prevailing interest rates. “We have tied up with ICICI Bank and Indiabulls Home Loans, and a couple of Building Societies Associations (BSA) who generate bulk volume for banks. Negotiations are also […]

FMPs good stake in high interest rate system

Higher inflation typically draws murmurs from conventional investors who park their money in fixed deposits, company deposits, debt mutual funds and so on. The familiar line of complaint being the returns often fail to catch up with the rate of inflation- especially if one works out the returns after accounting for income tax. With inflation […]

Indian banks scraps ‘teaser’ home loans

The State Bank of India, the country’s largest commercial bank, has been forced to withdraw “teaser” mortgage loans amid fears of repeating the lending follies of the US subprime crisis. Under pressure from the Reserve Bank of India to curb what the regulator considered potentially reckless lending, the SBI said last week that it would […]