23rd Jan 17 SBI expects to raise up to Rs. 15, 000 crore from capital market in next 18 months
State Bank of India has announced that they are expecting to raise funds up to Rs. 10, 200 crore from capital market during the next fiscal year FY18. The bank expects to raise funds worth Rs. 4, 600 crore from its life insurance arm SBI Life Insurance in the next 12 to 18 months.
23rd Jan 17 PNB launches contactless credit card PNB Wave N Pay
Punjab National Bank has launched a contactless credit card named PNB Wave N Pay. Customers can make the transactions by waving the card across the terminal without entering their PIN number. The card has been launched at Visa Platinum Platform and will permit the transactions up to Rs. 2, 000.
23rd Jan 17 Indiabulls Housing Finance reduces home loan interest rate for existing borrowers
Indiabulls Housing Finance has reduced its home loan interest rate for existing home loan borrowers by 15 basis points. The revised floating rate of interest for home loan now ranges between 8.90 to 10.50 percent for different borrowers. The new rates will be effective from February, 2017.
23rd Jan 17 Utkarsh Micro Finance to launch its small bank on 23rd January, 2017
Utkarsh Micro finance is set to initiate its banking operations from 23rd January, 2017. The new small bank expects to set up 490 branches by March, 2018. Utkarsh is the third company to start its banking operations with a small bank license.
23rd Jan 17 RBL registers growth of 59 percent in its net profit in third quarter of FY 17
Ratnakar Bank has reported a growth of 59 percent in its net profit at Rs 129 crore for the third quarter of FY17 as compared to Rs. 81 crore for the corresponding quarter of FY16. Gross non performing assets of the bank have reduced to 0.52 percent during the quarter as compared to 0.69 a year ago. As per a leading official of the bank, its retail loan book comprising of loan against property and business loan has fallen steeply to 40 percent during the current quarter as a fallout of demonetisation.
*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.