According to National Housing Bank sources

According to National Housing Bank sources barely 2,800 accounts amounting to Rs 550 crores had been sanctioned during the 2 years till December 2008 under the reverse mortgage loan scheme for senior citizens.(BT020409)

Bank of India is planning to double the number of

Bank of India is planning to double the number of its ATMs across India during the current fiscal. The bank which has around 500 ATMs will add 500 more during 2009-10 according to a senior official of the bank. (TOI120409)

State Bank of Hyderabad will recruit over 2,000

State Bank of Hyderabad will recruit over 2,000 clerical and supervisory staff soon to support its expansion plans. The bank will add 170 new branches shortly to its present strength. (BL110409)

SBI has extended till 30th September 2009

SBI has extended till 30th September 2009 the facility whereby its existing SME customers can avail themselves of term loans as well as 20% additional working capital at 8% concessional rate of interest. For new SME customers with loan requirements upto Rs 5 lacs the new rate is 8% and for those whose requirements are above Rs 5 lacs but less than Rs 25 lacs the rate offered is 10%. However the loan should be guaranteed under the Credit Guarantee Trust Fund for Micro and Small Enterprises. (BL120409)

Bank of India is planning

Bank of India is planning to implement the branchless banking model in 48 districts in the country after Raigad district in Maharashtra. More than 46,000 households have been provided with biometric smart cards in Raigad where business correspondents visit the households of rural customers to provide bankng services. The bank has opened more than 17 lac savings bank no frills account. (BL130409)