Mottos for Success-280
“Customer retention helps in 2 ways-Revenue growth & Cost reduction.”
1. SBI has set up a special Stressed Assets Resolution Centre (SARC) in Pune to monitor non-performing loans. It would transfer all NPAs worth Rs 5 crs and below to this centre where they will be scrutinised and followed up by recovery officers. About 35 branches in Pune and the adjoining Pimpri-Chinchwad will be covered under the SARC.
2. BoB is poised to sign life assurance and asset management joint ventures with European partners as early as the end of this month. With 2,700 branches and 27 million customers, it already had the infrastructure in place to sell its own insurance policies.
3. ICICI Bank Ltd,has hired Citigroup Inc, Deutsche Bank AG and Merrill Lynch & Co to sell at least $500 mn of bonds to boost capital. It plans to meet investors in Singapore, London and the US between January 5 and 8, according to a sale document.
4.. LIC has set a target of 11 % increase in its total premium, new business plus renewal, in 2006-07 to touch the Rs 1,00,000 crs. Of the target, Rs 28,000 crs of premium income will come from new business and Rs 72,000 crs from renewals. LIC’s total premium in 2005-06 was Rs 90,759 crs.
5.The banks in AP have surpassed the annual credit plan consecutively for two years, and so far this year they disbursed Rs 26,759 crs as against the target of Rs 37,000 crs. the credit deposit ratio of all the banks in the state as on September 3, 2006, was 82.50% as against the RBI norm of 60%, and the CD ratio in all the districts in the state was more than the RBI norm of 60 % except in Visakhapatnam district. Andhra Pradesh is ranked third in India, after Tamil Nadu and Maharashtra in CD ratio. In rural areas, the state is ranked first with the CD ratio at 115.70 %, against the all-India average of 56.40%.
6. Micro-finance has emerged as a promising tool for reducing the poverty and empowering the underprivileged, especially women. In India, the SHG Bank linkage programme, initially started by National Bank for Agriculture and Rural Development as a pilot project in 1992, has grown into one of the largest micro-finance programmes in the world. Small Industries Development Bank of India's (SIDBI) Foundation for Micro-Credit (SFMC) is promoting the micro-finance institution (MFI) model. Rastriya Mahila Khosh (RMK) and Friends of Women's World Banking (FWWB) India are also promoting the micro-finance component as apex bodies.
7. The banking system is staring at a drop in the growth rate of home loans from over 30% to 25% in certain markets owing to high real estate prices. Pricey home loans have been only partly responsible for the slowdown in certain markets, the official added. Home loans form around 50% of ICICI Bank's total retail assets portfolio.
8. As part of its retail banking initiative, ICICI Bank has introduced a new service of sanctioning car loans in about an hour for its savings bank account customers. "Loans on the Spot" or LOTS allows a customer to swipe his debit card at the electronic data capture terminals, stationed at dealers' outlets, to check the pre-approved loan offered by the bank. The terminal will generate a unique number and a pre-approved slip, which the dealer can use to obtain a sanction from ICICI Bank. In the first phase, the service will be available at Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad, Chandigarh and Jaipur. It expects 10% of car loans to come from this new service in the next four to five months.
“Customer retention helps in 2 ways-Revenue growth & Cost reduction.”
1. SBI has set up a special Stressed Assets Resolution Centre (SARC) in Pune to monitor non-performing loans. It would transfer all NPAs worth Rs 5 crs and below to this centre where they will be scrutinised and followed up by recovery officers. About 35 branches in Pune and the adjoining Pimpri-Chinchwad will be covered under the SARC.
2. BoB is poised to sign life assurance and asset management joint ventures with European partners as early as the end of this month. With 2,700 branches and 27 million customers, it already had the infrastructure in place to sell its own insurance policies.
3. ICICI Bank Ltd,has hired Citigroup Inc, Deutsche Bank AG and Merrill Lynch & Co to sell at least $500 mn of bonds to boost capital. It plans to meet investors in Singapore, London and the US between January 5 and 8, according to a sale document.
4.. LIC has set a target of 11 % increase in its total premium, new business plus renewal, in 2006-07 to touch the Rs 1,00,000 crs. Of the target, Rs 28,000 crs of premium income will come from new business and Rs 72,000 crs from renewals. LIC’s total premium in 2005-06 was Rs 90,759 crs.
5.The banks in AP have surpassed the annual credit plan consecutively for two years, and so far this year they disbursed Rs 26,759 crs as against the target of Rs 37,000 crs. the credit deposit ratio of all the banks in the state as on September 3, 2006, was 82.50% as against the RBI norm of 60%, and the CD ratio in all the districts in the state was more than the RBI norm of 60 % except in Visakhapatnam district. Andhra Pradesh is ranked third in India, after Tamil Nadu and Maharashtra in CD ratio. In rural areas, the state is ranked first with the CD ratio at 115.70 %, against the all-India average of 56.40%.
6. Micro-finance has emerged as a promising tool for reducing the poverty and empowering the underprivileged, especially women. In India, the SHG Bank linkage programme, initially started by National Bank for Agriculture and Rural Development as a pilot project in 1992, has grown into one of the largest micro-finance programmes in the world. Small Industries Development Bank of India's (SIDBI) Foundation for Micro-Credit (SFMC) is promoting the micro-finance institution (MFI) model. Rastriya Mahila Khosh (RMK) and Friends of Women's World Banking (FWWB) India are also promoting the micro-finance component as apex bodies.
7. The banking system is staring at a drop in the growth rate of home loans from over 30% to 25% in certain markets owing to high real estate prices. Pricey home loans have been only partly responsible for the slowdown in certain markets, the official added. Home loans form around 50% of ICICI Bank's total retail assets portfolio.
8. As part of its retail banking initiative, ICICI Bank has introduced a new service of sanctioning car loans in about an hour for its savings bank account customers. "Loans on the Spot" or LOTS allows a customer to swipe his debit card at the electronic data capture terminals, stationed at dealers' outlets, to check the pre-approved loan offered by the bank. The terminal will generate a unique number and a pre-approved slip, which the dealer can use to obtain a sanction from ICICI Bank. In the first phase, the service will be available at Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad, Chandigarh and Jaipur. It expects 10% of car loans to come from this new service in the next four to five months.
