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State Bank of Travancore (SBT) was originally established as the Travancore Bank Ltd on September 12, 1945, in the erstwhile princely state of Travancore with a paid up capital of Rs 1 crore. Thirty per cent of the capital was contributed by the then Government of Travancore and the remaining by 4,000 shareholders. The bank […]

There is some good news for home loan borrowers, with the State Bank of India increasing loan tenures by 10 more years. Other banks are expected to follow suit. Banks normally keep the equated monthly instalment on home loans intact and extend tenure to pass on the rate increase. SBI has allowed stretching the loan […]

The second edition of The Hindu’s ‘Auto Expo 2011′, powered by SBI Car Loan, opens on Friday at the Chennai Trade Centre, Nandambakkam. The fair, being held till October 23, will showcase 12 top brands and feature 20 stalls of leading Indian, German, Korean and American car manufacturers. Luxury, vintage cars and accessories will be […]

Loan schemes vary from bank to bank, but the underlying concept in all these fixed and dual rate loan products is to cap the upside of rising interest rates, which has caught the borrower’s attention. “Some borrowers are comfortable with the concept of having a fixed commitment on their home loans. In fact, we have […]

SBI Mutual Fund has launched SBI Debt Fund Series-18 Months–8 scheme, a close-ended income scheme. SBI MF new fund offer closes 20th October SBI Mutual Fund has launched SBI Debt Fund Series-18 Months–8 scheme, a close-ended income scheme. The investment objective of the scheme is to provide regular income, liquidity and returns to the investors […]