2017-06-27 :Home loans below Rs. 10 lakh surged by 43 per cent in FY17
As per the industry estimates, the affordable housing segment has witnessed a boom in the Indian real estate market. The home loans below Rs. 10 lakh have surged by 43 per cent in the last fiscal year FY17. However, home loans above Rs. 25 lakh have marginally declined by 1 per cent and the overall housing loans increased by 23 per cent during the FY17. Moreover, it is also estimated that affordable housing finance for loan ticket size above Rs. 15 lakh will become a big segment for housing finance companies in the next five years, with its estimated share expected to increase to 37 per cent in FY22.
2017-06-27 :SBI plans to acquire 6 lakh fingerprint scanners to facilitate Aadhaar based transactions
In a bid to give a push to its rural banking business as well as digital payments channel, State Bank of India (SBI) is planning to acquire six lakh fingerprint scanners to facilitate its Aadhaar (biometric) based transactions from the different channels. With this initiative, SBI also targets to facilitate the cashless merchant payments by reaching out to financial inclusion customers.
2017-06-27 :IOB rolls out with the new concept of retail mart branches
Indian Overseas Bank (IOB) has come up with the concept of retail mart branches as a part of effort to strengthen its retail portfolio. The bank has announced the launch of 55 branches as retail mart branches on pan India basis. The focus area of newly launched branches will be retail loans namely, housing, vehicle, education and loan against property.
2017-06-27 :OnePlus announces cashback of Rs. 1,500 on purchase of its smartphone using SBI credit card
OnePlus has announced a cashback offer of Rs. 1,500 on the purchase of OnePlus 5 smartphone through the company’s official store or Amazon India using SBI credit and debit card. The company has notified that the following offer is available to the SBI credit and debit card holders only for a limited time period of two days i.e. 27th and 28th June, 2017.
2017-06-27 :Bandhan Bank signs agreement with Avenues India to enhance customer support
Private sector lender, Bandhan Bank has entered into a partnership with Avenues India, leading payment solution provider to enhance its customer support by offering convenient banking solutions to its customers by providing easy access to point of sales (POS) and e-payment gateways for businesses. The bank has notified that it is further planning to double the number of POS machines to over 20 lakhs for the convenience of its customers.
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