Kotak Mahindra Restarts Branch Expansion
Kotak Mahindra Bank, which had deferred branch expansion plans during the last fiscal, due to the economic slowdown and the steep increase in lease rentals is now expanding its network at a moderate pace.
Category Archives: News
Bank of Maharastra inaugurates Maha Retail Credit Hub
Bank of Maharashtra is a Public Sector Bank established in 1936 and nationalised in 1969. It has 1421 branches all over India and holds the distinction of having the largest network of branches by any Public sector bank in the state of Maharashtra.
Govt Stock Sale on Oct 23
According to a statement released by the Department, “Up to 5 per cent of the notified amount of the sale of the stocks will be allotted to eligible individuals and institutions according to the scheme for non-competitive bidding facility in the auction of government securities.”
Debit Card Payments Rise Over 40% in April-August
Payments made through debit cards rose over 40 per cent to Rs 9,911 crore in the first five months of this financial year compared the same period previous year. Data available with Reserve Bank shows debit card payments touched Rs 9,911 crore for the five months ended August, an over 40 per cent surge compared… Read More »
LIC – Marriage Endowment or Educational Annuity Plan
This is an Endowment Assurance plan that provides for benefits on or from the selected maturity date to meet the Marriage/Educational expenses of the named child. Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by the policy holder, throughout the term of the policy or earlier death.
No investment into companies directly: PFRDA
Individuals planning to invest their monies into the New Pension Scheme need to only track the Sensex of Bombay Stock Exchange or the Nifty Index of the National Stock Exchange to see how their investment is performing. This is the basic idea from a recent new report of a discussion with the PFRDA (Pension Fund… Read More »
Auto loans catch the festive fever
After almost a year of looking negative, the auto loan market is witnessing a cracking upsurge in volumes fueled predominantly by the festive season and to a large extent by the upsurge in the spirits of the automakers themselves who have been consistently launching new car brands the last few months. Ford Cruze being the… Read More »
One more new entrant into the Life Insurance Business
News reports have suggested that IndiaBulls Financial Services has received RBI approval to hold up to 74% in the proposed Life Insurance venture of the company. IndiaBulls has entered into a joint venture with French company Sogecap. Sogecap is the life insurance arm of French company Societe Generale.
Change happening at Aditya Birla Nuvo
The financial services arm of the Aditya Birla Group is reportedly putting into motion a plan to create a full -fledged subsidiary totally involved in the financial services business. As of now the financial services businesses of the group have to function alongside the other varied and non-related businesses like Apparel, Telecom and even agricultural… Read More »
PE ratio, buy quality stocks at bargain prices!
Assume there are two companies A and B, operating in the same sector. If PE of A is 30 and PE of B is 22, then B is considered to be a better buy, as the market price has not gone up to reveal the earnings prospect of the company. But A is considered to… Read More »