Posted on September - 03 - 2010
State Bank of Patiala has opened another 7 new branches in the Bathinda and Jalandhar districts of the bank. The bank, a subsidiary bank of State Bank of India has taken this measure to boost its access in rural Punjab.
The new branches are situated in the districts of Ludhiana, Jalandhar, Hoshiarpur and Amritsar.
Mr Ashok Nayar, bank’s MD said that the bank intends to start 20 branches in the chosen villages as part of its financial inclusion plan. In this drive, 11 branches would be opened in Punjab and 9 in other parts of the country.
These branches would offer all types of banking services. Stat
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Posted on August - 30 - 2010
One sure way to find some excess cash in a downturn is to reduce expenses and lifestyle purchases. The point is not to cut down on the fresh fruit that we buy for our children, but on the new sofa set that we planned for our living room. The new model mobile phone or the new laptop or the new car are a strict NO, at least not till the downturn is over.
Billy Joel with his uptown Girl lyrics was a sensation in the 60s and 70s
Those were the days when uptown and downtown were the in-vogue words. Today its downturn which is garnering all attention. And each one of us is part of the harsh transition from Upturn economy to Downturn economy.
The economic slowdown in India and the recession in many parts of the world is affecting us all in many ways.
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Posted on August - 27 - 2010
Japanese car manufacturer Suzuki has declared an expenditure of Rs 500 crore (Rs 5 billion) to more than twice its manufacturing capacity in India, to 5.4 lakh units a year by 2012.
The company’s fully-owned associate Suzuki Motorcycles India Pvt Ltd (SMIPL) also introduced a new 125cc motorcycle costing Rs 43,945 (ex-showroom Delhi), as it plans to boost its position in the division.
Katsumi Takata, SMIPL Chairman said, “We are aggressively expanding our production capacity to 5,40,000 units from 2.5 lakh units by 2012″.
Till date, the company spent about Rs 450 crore (Rs 4.5 billion) in this year and Rs 50 crore (Rs 500 million) more will be invested in improving its capacity. Takata sa
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Posted on August - 22 - 2010
Repayment of the loan will begin 12 months after the completion of the course or 6 months after getting job whichever is earlier and it is to be paid in monthly installments which is typically for 60 months. If you are an NRI and want to send your child back to India for studies and you are in need of funds, NRI educational loan could solve your hassle.
Mr. Sharma has been living in the Dubai for several years. His daughter, Neetu has finished the Indian equivalent of the 12th standard there. It’s Mr.Sharma’s wish that his daughter should pursue her higher education in India. Nee
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Posted on August - 17 - 2010
- Medical Inflation: Prices of medicines and treatment are constantly on the rise making it difficult to rely on savings.
- Lifestyle related issues: Increase in incidence of medical problems due to
- The stressful environment we work in
- Change in the eating habits – fast food and meals at irregular hours
- Irregular sleep patterns
- Dependents: If you have dependents and are overwhelmed with responsibility, the health insurance coverage can come to your rescue.
- Health insurance coverage will release you from the burden of worrying how much to save for the rainy day. A
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Posted on August - 13 - 2010
Leading car loan lender, Union Bank of India intends to earmark a corpus of Rs 500 crore to help farmers in Andhra Pradesh. The bank is also targetting the Surat-Ganjam (Orrisa) corridor and the migrant laborers out there. It intends to offer mobile based savings accounts in the region.
Union bank is targeting 32,000 villages which it plans to envelop in the next 3 years. The bank is estimated to add 6.2 million new clients during this period, thus boosting its client base to 10 million.
The bank is also testing offering finance to the associates of Primary Agricultural Cooperative Societies (PACS) in Andhra Pradesh via Co-options Technologies Ltd (COTL).
It has already completed funding for 2 crop seasons. Na
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