Syndicate Bank's online loan scheme

Here is the beginning of my post. And here is the rest of it.Syndicate Bank has become the first bank in the country to launch a new facility for online submission of requests seeking credit facilities by the small and medium enterprises (SMEs), students for higher education loan under the Syndvidya Scheme, and others. The facility, made available through its Web site, www.syndicatebank.in , can also be used by traders and individuals wanting to avail themselves of a housing loan. The applicant would get an acknowledgement of the form automatically, with a unique reference ID, enabling him/her to track the status of their application.

'No right to bank a/c info'

Here is the beginning of my post. And here is the rest of it.Noting that the agreements entered into by banking enterprises with its customers were matters of "commercial confidence", the Central Information Commission (CIC) has ruled out disclosure of information pertaining to bank account details under the Right to Information Act, while dismissing a RTI request of an Amritsar resident Mr Rajan Verma who had sought from Canara Bank five years details about all non performing accounts at its Jalandher branch.

MoU for life insurance venture

Here is the beginning of my post. And here is the rest of it.Bank of Baroda and Andhra Bank along with the UK-based Legal and General Group on Friday signed a Memorandum of Understanding for a joint venture to offer life insurance products. While Bank of Baroda is to have a 44 per cent share in the venture, Andhra Bank would have a 30 per cent share with Legal and General would hold the remaining 26 per cent. Addressing the MoU signing ceremony, the Union Finance Minister, Mr P. Chidambaram said that with less than 20 per cent of the population having an insurance cover, there was infinite opportunity for the new entity.

Corporation Bank opens Invest Shoppe

Here is the beginning of my post. And here is the rest of it.Corporation Bank on Friday launched two maiden services for its customers - ‘Financial Health Check-Up’ and ‘Invest Shoppe’ - in Mangalore. While the financial health check-up service facilitates the customer to get his/her finance portfolio examined from the point of having a healthy mix and to get advice on risk-reward portfolio sharing, Invest Shoppe provides a host of financial services such as investments in share market, sale of mutual funds and gold coins and tax collection under one roof. Launching these services at Ram Bhavan Complex in Mangalore, Mr B. Sambamurthy, Chairman and Managing Director of the bank, said the bank’s initiative is the first of its kind in the country. Based on the response to this pilot project, the bank is planning to extend it to other parts of the country.

IndusInd to vend Chola MS products

Here is the beginning of my post. And here is the rest of it.IndusInd Bank today signed up with Cholamandalam MS General Insurance Company to sell the insurer’s products through its branches. The Chennai-based insurer expects to sell Rs 250 crore worth of insurance products through the bank over the next three years.