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Editor's Desk The second largest private sector lender, HDFC Bank, has surpassed the largest private sector lender, ICICI Bank, in terms of branch network. HDFC Bank has a nationwide network of 1,412 branches spread across 528 towns and cities, while the ICICI Bank has 1,400 branches across the country. HDFC Bank has almost doubled its branch network … Read more HDFC Bank surpasses ICICI in branch count
Krishna Pearls & Jewelers has launched its first Jewellery store at the Rajiv Gandhi international Airport, Shamshabad on Jan-3rd. The store is located in the domestic departure area. The store wilt be a one stop shopping destination for Pearls & Gold Jewellery with Pearls and Semi precious stones. Expressing happiness over the launch of the … Read more Krishna Pearls Opens Store at Rajiv Gandhi International Airport
This morning we reported about the slash in rates from Bank of Baroda and Allahabad Bank. Just a while ago we have received confirmation from Union Bank of India and Syndicate Bank about interest rate cuts to boost the economy. Union Bank, has slashed its deposit rates by up to 1.35% across various maturities with … Read more Union + Syndicate Bank Cut Rates
Following change in foreign direct investment (FDI) rules for the food processing sector, Pepsico India Holding need not divest 49% equity in bottling firms to Indian companies, with the government exempting it from the obligation. The exemption also prepares the ground for infusion of Rs 250 crore ($50 million) FDI by the beverages major in … Read more Pepsi gets exemption from divestment compulsion
The joint venture insurance company between Bank of India, Union Bank of India and Japanese Dai-ichi Mutual Life Insurance Company was registered with the Insurance Regulatory and Development Authority (IRDA) on December 26, 2008. They are all set to commence operations this month. The latest entrant into life insurance sector – Star Union Dai-ichi Life … Read more Star Union Dai-ichi Life to Commence Operations
Public sector banking major, Bank of Baroda (BoB), has slashed its interest rates on non-resident external (NRE) term deposits to 3.75% from 4.52% earlier for the period between one-year to two years, 3.19% from 3.87% previously between two years to three years, 3.47% from 4.14% ago between three years to four years and same thereafter with … Read more Bank of Baroda + Allahabad Bank slash rates