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Jan 10, 2007

Careers in Yes Bank

For a career in Retail Banking & Wealth Management in YES Bank kindly visit www.yesbank.in/careers.htm

Corporation Banks' " Shop, Swipe & Save" offer

Corporation Bank Debit card customers can get 1% cashback on all purchases made by them using the card at merchant establishments (minimum transaction value should be Rs.1000). The reward period starts on 15.01.2007 and will be 100 days long. A customer can get maximum of Rs.1000 during the period.

ICICI Bank's Swipe your card and drive a car

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" 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 pre-approval loan offer is made to a customer based on his profile at the bank, taking into account the quarterly average balance and other parameters. 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, ther service will be availabel at Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad, Chandigarh and Jaipur.

Syndicate Bank revises PLR

Syndicate Bank has hiked PLR by 25 basis points to 11.75% wef 03.01.2007

Corporation Bank won ' Niryat Bandhu' award

Corporation Bank has been awarded the prestigious 'Niryat Bandhu'-"Excellence Award" instituted by the Federation of Indian Export Organisation (FIEO).

ICICI banks - Trade Roaming Current Account

A perfect solution to cater to both your international and domestic banking needs. ICICI Bank's Trade Roaming Current Account is a unique amalgamation of domestic banking features of the Roaming Current Account and Global Trade Services, to offer a composite banking solution to exporters and importers. Trade Roaming Current Account is a zero balance account where the client can avail of all the domestic services offered, along with special rates on EXIM services. No commitment of quarterly average balance, Free Inward Remittance, no charges on FIRC or BRC issuance are among its special features. You can also avail of preferred rates on select trade services depending on the trade volume commitment. The least you need to do is to choose the variant suitable for your business, keeping in mind the trade volume. Trade RCA offers efficient and faster inward and outward remittance. It offers all the facilities of domestic banking requirements such as anywhere banking, international business banking debit card, internet banking, phone banking and mobile banking. To open a Trade Roaming Current Account SMS TRCA to 676766, write to corporatecare@icicibank.com for contact nearest ICICI bank branch.

Recruitment - Union Bank of India

Union Bank of India has invited applications for following posts: 1. Deputy General Manager (Economist) Scale-VI Post-1 (General) 2. Assistant General Manager (Corporate Sales Forex) Scale-V Post-1 (General) 3. Manager (Coporate Communications) Scale-II Post-1 (OBC category) 4. Manager (Forex) Scale-II Post-20 (11 for SC, 9 for OBC) for details and application forms kindly visit www.unionbankofindia.com

Barclays Bank to begin operations

Barclays Bank would commence its retail and commercial banking business in the country from this year and expressed its commitment to bring in at least $100 million into this business in 2007. The bank is having licence for 3 branches in India of which one branch in Mumbai is already operational. The other two branches will be in Chennai and Bangalore.

Vijaya Bank hikes PLR by 25 bps

Vijaya Bank has increased its prime lending rate by 25 basis points (0.25%). The hike is effective from 01.01.2007.

Corporation Bank SME excellence award winners

Winners of Corporation Bank's National SME excellence awards >Kamath's Ourtimes Ice Creams Pvt Ltd, Mumbai category: Food & Agro based processing >Pooja Garments, NOIDA category: Textiles & Apparels > G I Ato Pvt. Ltd, Bangalore category: Auto Components >Natural Remedies Pvt. Ltd., Bangalore category: Drugs & Pharmaceuticals >Astral Polytechnik, Ahmedabad category: Other Small & Medium Enterprises >Epicurean Enterprises Pvt. Ltd., Chennai category: Regional SME Excellence Award