2017-08-16 :City Union Bank launches facility of instant credit card
City Union Bank has recently introduced the option of instant credit card for free for its net banking customers. The card will be available only to those having a fixed deposit account with the bank and will be used against performing instant transactions as well as shopping online.
2017-08-16 :Public sector bad loans surge by Rs. 1 lakh crore in FY17
Bad loans of public sector banks rose by over Rs. 1 lakh crore during April-December period of FY17. As per the available data, bad loans rose by over Rs. 1 lakh crore in the first nine months of current fiscal to Rs. 6,06,911 crore due to mounting non-performing assets and stressed assets in the banking sector.
2017-08-16 :KVGB receives best performer award
Karnataka Vikas Grameen Bank (KVGB) has received a best performer award by National Bank for Agriculture and Rural Development (NABARD) for its work in the field of credit linking joint liability groups (JLGs). As per the available data, 1,194 JLGs were credit-linked by disbursing Rs. 19.38 crore during FY17. Currently, 6,329 outstanding accounts stood under JLGs involving an amount of Rs. 63.83 crore.
2017-08-16 :HDFC Ltd Q1 profit declines to Rs. 2,734 crore
Leading mortgage lender, HDFC Ltd has reported a marginal decline in its consolidated net profit at Rs. 2,734 crore during the first quarter of FY18 as against Rs. 2,797 crore during the corresponding quarter of the previous fiscal year. Despite facing losses, it has registered an 18 per cent growth in its overall loan book on an asset under management (AUM) basis and 21 per cent growth is witnessed in individual loan disbursements during the current quarter.
2017-08-16 :HDFC Bank plans to raise Rs. 15,000 crore via infra bonds
Private sector lender, HDFC Bank is planning to raise up to Rs. 15,000 crore through the issuance of infrastructure bonds. The bank has notified that the raised funds will be deployed by it to finance projects in infrastructure segments including power and affordable housing. Simultaneously, the bank also aims to expand its wholesale loan book during the current quarter.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.