Business Loan News- December 2022
2022-11-02: Karnataka Bank Registers Net Profit in the Q2 of 2022-23
The bank has registered a net profit of 411.63 crores in the Q2 of 2022-23.
In the corresponding quarter, it saw 125.61 crores, thus registering a growth of 227.70 percent.
2022-10-18: SBI Credit Card Holders ALERT! State Bank hikes charges on EMI transactions, Rent Payments
In a move that may further make credit card usage costlier, the State Bank of India has revised certain charges for its credit card users.
The new charges will come into effect from November 15.
The processing fee on merchant EMI transactions has been revised to Rs 199+ applicable taxes from earlier Rs 99+ applicable taxes.
Processing fee on rent payment transactions will be Rs 99+ applicable taxes, said the bank.
022-10-18: SBI launches its digital banking unit in Goa
As part of the Union government’s initiative, a digital banking unit (DBU) of the State Bank of India (SBI) was inaugurated in Goa.
The initiative aims to ensure that the benefits of digital banking reach every nook and corner of the country.
The DBUS will offer banking products and services to the customers 24×7
Personal Loan News - Jul 2021:
2021-08-01 : Special HDFC Bank Offer for Government Employees
HDFC Bank has launched a special Freedom Dhamaka Offer for personal loans for government employees. The personal loan rates start at 10.25% and are valid till 15th August 2021.
2021-07-27 : Google Updates Policy for Personal loan Apps
Google has asked all the personal loan lending apps in India to provide a declaration form stating that the application serves as a middle-man for registered non-banking financial companies (NBFCs) or banks.
The apps must comply with these norms and provide relevant documentation such as a license till September 15 if they want to stay listed on the app store
2021-07-23 : RBI Revises Personal Loan Limit to Rs. 5 Crore for Board Directors
RBI has revised the limit of the personal loan that can be granted to board directors and their families.
The new limit is set at ?5 crore as against the earlier threshold at ?25 lakh
2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021.
Customers have been asked to apply for cheque books with the new MICR code at the earliest.
2021-07-16 : UBI update on change in IFSC code for merged banks – Andhra Bank and Corporation Bank
Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021.
Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
