CENTRALISED RETAIL BANKING BOUTIQUES: Allahabad Bank opens seven more CRRBs at Surat ,Vadodra,Dunlop Bridge (Kolkata)  Banglore, Vijayvada City,Mohali & Hawrah thereby increasing the total numbers of CRRBsthroughout the centralised  retail banking boutique is a specialised delivery channel whichdeals exclusively  with Housing Loan,Car Loan,Commercial Vechicle loan, Education Loan and saral loan.  ...

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RBI tightens norms for credit card issuers on minimum dues

RBI tightens norms for credit card issuers on minimum dues RBI SETS NORMS FOR LATE FEE ON CREDIT CARDS: RBI has told banks that the can charge late fees only in the next billing cycle following a missed payment. At present  card issuing banks charge a late fee for any payment made after the due date. The late fee imposed by card issuers ranges between Rs.100 and Rs.700 depending on the outstanding amount above Rs.20000 most...

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INTEREST RATE RBI BEST TOOL TO CONTROL INFLATION

INTEREST RATE RBI BEST TOOL TO CONTROL INFLATION : Add caption RBI Governor Mr.Raghu Ram Rajan said the "BEST TOOLS" available with the central bank to control price rise is interest rate. Our best tool to control inflation is interest rate he said addding the government too has tools like increasing agricultural production and inproving suppply. Both need to work together and will work together . we were expecting some increase in the CPI...

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