Mottos for Success-271
"People become really quite remarkable when they start thinking that they can do things. When they believe in themselves they have the first secret of success."
1. National Bank of Dubai has partnered with HDFC Bank to offer NRI services in India and the UAE. Under the name of NBD-HDFC Bank NRI Services, the partnership will offer joint account services, remittances, wealth management services and preferential pricing on home loans in India. Under the tie-up, NRI customers will be able to sign up for the NBD-HDFC Bank NRI Value Account, featuring NBD value account in the UAE and HDFC Bank NRE/NRO account in India.
2. By next March, Ernakulam in Kerala may well be the first district in the country to have achieved 100% financial inclusion. The campaign, led by UBI, the lead bank in the district, aims to bring all the left-out families to the banking fold, by encouraging them to open `no frills' account with zero or nominal balance, without enforcing any service charge for such accounts. Simultaneously, the needy people will be issued `general purpose credit cards' that will enable them to avail Rs 25,000 credit from the bank in the neighbourhood and eventually remove them from the clutches of moneylenders.
3. SBH here has been awarded the best prize in PR in Action and second best in mass awareness campaign at the recently concluded 28th All India Public Relations Conference, at Lucknow.
4. As part of its “Star Gaurav project” to reach the numero uno position in the banking sector by 2009, Bank of India is focussing on retail lending for growth. It is setting up retail hubs to attract customers for retail lending and has formed a door-to-door marketing team.
5. Financial institutions have approached the RBI for detailed accounting guidelines on `takeout financing' (where one institution takes over the loan asset of another after an interval of time from date of the disbursement of the loan) for infrastructure. Among the accounting issues involved are treatment of the assets in the loan books of both the financiers for purposes of , `risk weighting'- a process that determines of what proportion of a bank's own capital as opposed to depositors' monies that should finance its loan assets- and provisioning for a possible loss from non-recovery of the assets.
6. IndusInd Bank Ltd has received licences for 100 more off-site ATMs. It already has 86 off-site ATMs and 147 branches. An arrangement with the State Bank group and MITR consortium for the use of their 15,000 ATMs for IndusInd Bank customers is in place. The bank is also a part of NFS network that enables its customers to have access to ATMs of 23 member banks.
7. After trailing behind for two successive years, growth in deposits of banks has overtaken the additional credit extended by them during the current fiscal. Presently, scheduled commercial banks have managed to attract additional deposits of Rs 2,53,529 crs during the current fiscal till December 8. This is more than the incremental amount of Rs 2,02,421 crs that was lent out by them over this period.
8. TMB has increased interest rates for its term deposits with effect from December 23 as Christmas and New Year bonanza to its customers. It has increased the rate up to 75 bps points for long-term deposits and introduced a time-slab of `above 8 years' with a maximum offer rate of 9.25% to senior citizens. After the revision, the maximum interest rate is 9.25% (previously, it was 8.50%) and to other general public, 8.75% from 8 %.
"People become really quite remarkable when they start thinking that they can do things. When they believe in themselves they have the first secret of success."
1. National Bank of Dubai has partnered with HDFC Bank to offer NRI services in India and the UAE. Under the name of NBD-HDFC Bank NRI Services, the partnership will offer joint account services, remittances, wealth management services and preferential pricing on home loans in India. Under the tie-up, NRI customers will be able to sign up for the NBD-HDFC Bank NRI Value Account, featuring NBD value account in the UAE and HDFC Bank NRE/NRO account in India.
2. By next March, Ernakulam in Kerala may well be the first district in the country to have achieved 100% financial inclusion. The campaign, led by UBI, the lead bank in the district, aims to bring all the left-out families to the banking fold, by encouraging them to open `no frills' account with zero or nominal balance, without enforcing any service charge for such accounts. Simultaneously, the needy people will be issued `general purpose credit cards' that will enable them to avail Rs 25,000 credit from the bank in the neighbourhood and eventually remove them from the clutches of moneylenders.
3. SBH here has been awarded the best prize in PR in Action and second best in mass awareness campaign at the recently concluded 28th All India Public Relations Conference, at Lucknow.
4. As part of its “Star Gaurav project” to reach the numero uno position in the banking sector by 2009, Bank of India is focussing on retail lending for growth. It is setting up retail hubs to attract customers for retail lending and has formed a door-to-door marketing team.
5. Financial institutions have approached the RBI for detailed accounting guidelines on `takeout financing' (where one institution takes over the loan asset of another after an interval of time from date of the disbursement of the loan) for infrastructure. Among the accounting issues involved are treatment of the assets in the loan books of both the financiers for purposes of , `risk weighting'- a process that determines of what proportion of a bank's own capital as opposed to depositors' monies that should finance its loan assets- and provisioning for a possible loss from non-recovery of the assets.
6. IndusInd Bank Ltd has received licences for 100 more off-site ATMs. It already has 86 off-site ATMs and 147 branches. An arrangement with the State Bank group and MITR consortium for the use of their 15,000 ATMs for IndusInd Bank customers is in place. The bank is also a part of NFS network that enables its customers to have access to ATMs of 23 member banks.
7. After trailing behind for two successive years, growth in deposits of banks has overtaken the additional credit extended by them during the current fiscal. Presently, scheduled commercial banks have managed to attract additional deposits of Rs 2,53,529 crs during the current fiscal till December 8. This is more than the incremental amount of Rs 2,02,421 crs that was lent out by them over this period.
8. TMB has increased interest rates for its term deposits with effect from December 23 as Christmas and New Year bonanza to its customers. It has increased the rate up to 75 bps points for long-term deposits and introduced a time-slab of `above 8 years' with a maximum offer rate of 9.25% to senior citizens. After the revision, the maximum interest rate is 9.25% (previously, it was 8.50%) and to other general public, 8.75% from 8 %.
