NEWS & ADVICE : PERSONAL LOAN
SBH sees business potential in corporate salary a/c
By Vaibhav Aggarwal
Mar 23, 2011
Print    Email    RSS   

Public sector lender, State Bank of Hyderabad has seen potential for growth in corporate salary accounts and plans to tap it to the fullest, informed managing director of the bank, Ms Renu Challu.

"Salary accounts are now a focus segment for us. We are offering a ‘Smart Salary Account' package with zero balance and a host of technology-based features such as automatic conversion to fixed deposits for higher interest," Ms Challu said.

The account package comes with features like integration with new pension scheme (NPS) of government and many others.

Ms Challu further said on these accounts that, "They are good. We do have a large number of salary accounts. We now made them more attractive and want to target IT companies."

Owing to the advanced technological lead by private peers, the bank had earlier lost a big chunk of corporate clientele' said Ms Challu. She added, "But now we have the best technology offerings."

The bank also offers customers the facility to switch existing loans of corporate employees from any other bank.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Central Bank of India ordered to return...
Carnival of Indian Personal Finance Blogs #6
Carnival of Indian Personal Finance Blogs #2
Personal Loan Vs. Cash advance from credit...
Loan against Securities: A viable...


HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive