It’s a free world but there are some rules so that someone’s freedom does not unfairly infringe upon someone else’s reputation and freedom. So, read these before you post your review.
We greatly appreciate your time and effort in posting their review and giving a rating. This space is for posting reviews by existing customer of a concerned bank. In order to keep things clean, some comments are best avoided and hence may not be approved by the moderator. These include those with abusive language, off the topic comments, anonymous comments, self or third party promotional items, comments by non-customers and external website links. We reserve the right to moderate or remove all comments posted here. Authorized representatives of banks and lenders are welcome, though not obligated to, respond to comments posted by customers.
Private sector lender IndusInd Bank has raised Rs 1,000 crore by issuing bonds compliant with Basel III standards. The boards of directors have passed the resolution for issuance of Basel III compliant bonds towards non-equity additional tier I capital for cash aggregating to Rs 1,000 crore on private placement. The bonds have been rated stable AA both by Crisil and India Ratings and Research.
Mahesh Kumar Jain, MD and CEO of Indian Bank have been appointed as MD and CEO of IDBI Bank. Mahesh Kumar Jain will head IDBI Bank for the remaining period of his current tenure or until further orders, whichever is earlier, IBDI Bank added.
Branches of all five associate banks namely State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBoP), State Bank of Travancore (SBoT) are merging with parent bank State Bank of India and will begin functioning as SBI branches from April 1, 2017.With the merger of all the five associates, SBI is expected to become a lender of global proportions with an asset base of Rs 37 trillion (Rs 37 lakh crore) or over USD 555 billion, 22,500 branches and 58,000 ATMs. SBI alone has nearly 20,000 branches, including 191 foreign offices spread across 36 countries.
ICICI Bank has announced the launch of its mobile app named Mera iMobile. This is an exclusive mobile banking app for rural customers that will help them to access banking services as well as agri services. Banking services will offer customers gold loan, Kisan credit card, farm equipment loan and loan to self-help groups. It is the first banking app offering agriculture associated information. The app will be available in English and 11 different Indian languages.
The Union Cabinet has given his final approval to the merger of Bhartiya Mahila Bank with India’s largest lender State Bank of India. The cabinet has approved the amalgamation of five associates with the parent company last month. Integration process of all the five associates with SBI would start from April 1 as part of the largest consolidation exercise in the banking history of India.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at email@example.com to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.