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News from rupeetimes.com
News from rupeetimes.com

• RBI: Training for Bank recovery agents
  A genuine customer who worries about the unnecessary harassment by recovery agents when he enters into a contract does not need to be bothered any longer.Under the orders of the central bank-Reserve Bank of India- recovery agents of the banks are undergoing training on behaviour and banking. This st...
• Kotak’s Savings account customers to earn more interest
  Private sector lender Kotak Mahindra Bank(KMB) has increased the interest rate on its term deposits in the general category to 10.35% per annum.Term deposit is an amount deposited with a banking institution that cannot be withdrawn for a certain "term" or period of time.Speaking on the decision, KVS...
• Insurance to cover your Home Loan Payments
  In this era of cut throat competition, where banks are introducing new schemes day after day, the insurance companies are not left behind. Private sector insurance companies have come up with innovative scheme where one can have a security of repayment of a loan if the borrower expires suddenly.Peop...
• Banking Employee Union to strike again!
  Bank unions are planning to go on a strike soon. Again the union has decided for a two-day nationwide strike on September 24th and 25th to protest against the merger among public sector banks, their privatization and in support of their demands.The decision was taken at a United Forum of Bank Unions...
• Education Loans to get Cheaper
  The government under the United Progressive Alliance (UPA) has massive plans to pursue. After signing the much awaited nuclear deal, the government now plans to focus on other areas of administration.The extension of loans has been a singular achievement of the Government under the United Progressiv...
• RBI extends deadline to meet norms on loans to Mutual funds
  Banks have got three more months up till December 13th for complying with the Reserve Bank's direction to include loans to mutual funds and the Irrevocable Payment Commitments (IPCs) to stock exchanges on behalf of MFs and FIIs under the capital market exposure.Earlier the banks were asked to meet t...
• ‘Nirmaya’ to enlarge: ICICI Lombard
  The ICICI Lombard has decided to expand its insurance scheme 'Nirmaya', designed for the welfare of persons with autism, cerebral palsy, mental retardation and multiple disabilities.The scheme, implemented by ICICI Lombard with Chennai-based Alegion Insurance and Broking Company as nodal agency, pro...
• ICRA to rate loans of Bank of Rajasthan
  Private sector lender, Bank of Rajasthan has signed a deal with credit rating firm ICRA Ltd for rating the bank's exposures under the standardized approach of RBI`s New Capital Adequacy Framework (Basel-II) in the corporate sector and state run units.The ratings would enable the bank in assigning pr...
• Union bank to raise funds through second tier
  After raising additional capital to the tune of Rs 2 billion (US$45 million) by issuing perpetual bonds, public sector lender-Union Bank of India is now planning to raise Rs 300 crore from its Tier II capital.As the fund raising plans, the bank will issue bonds at a coupon rate of about 11 percent a...
• RBI Governor Subbarao: Inflation on a downturn
  India's inflation is showing a sign of moderating but it is too early to conclude this is a trend, said RBI's new Governor, Dr D. Subbarao. He has been a little less hawkish than his predecessor on inflation and would wait and see before taking any fresh steps.Dr. Subbarao claims that the monetary p...