Recent reports said that the Reserve Bank of India is set to tighten interest rates through the major part of this fiscal. This is because the central bank sees high global crude oil and other commodity prices keeping the inflation rate above its comfort level, and affecting growth. The RBI said continuous inflation has made… Read More »
A recent press report said that HSBC is aiming to reach $1 billion in profit before tax in India, in the medium term. The bank said that it expects India to join Hong Kong and mainland China as ‘billion-dollar’ businesses. Reports said that the strategic focus for India is to lead financing for the country’s… Read More »
With the increase in the quota of upper middle class people in our country, the new friend in the real estate bandwagon is the Holiday homes. Although this phrase might seem too classy initially and might prompt you to acquire one as well, but here are somethings that you might want to know. Well, its… Read More »
Sarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 RRBs. The Bank has its Head Office in Meerut. Purpose: This loan finances purchase of new / old cars, van jeep. Eligibility: Any individual with sufficient income to repay the loan can… Read More »
SIDBI is the principal financial institution for the promotion, financing and development of industry in the small scale sector. The Small Industries Development Bank of India provides direct credit schemes for Micro, Small and Medium Enterprises Purpose Development Bank of India A quasi equity for Micro, Small and Medium Enterprises where the promoter is short… Read More »
A recent press report said that housing finance company, Dewan Housing Finance Corporation Ltd (DHFL) has recorded a net profit of Rs 59 crore for the quarter ended March 3,1 2011, 40 per cent higher than the Rs 42 crore in the corresponding year-ago quarter. Reports said that the growth in profits were due to… Read More »
Sarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 Regional Rural Banks ( Uttar Pradesh Gramin Bank Meerut, Kisan Gramin Bank Budaun,Rani Laxmi Bai Gramin bank Jhansi AND Davi Patan Gramin bank Gonda). The Bank has its Head Office in Meerut.… Read More »
A recent press report said that the RBI which is the Central Bank of India has signed a Memorandum of Understanding with WMG, an Academic Department, and University of Warwick. Reports said that Shri S. Sridhar, Chairman and Managing Director, Central Bank of India and Professor Lord Kumar Bhattacharyya of WMG signed this MOU at… Read More »
A recent press report said that IDBI Bank has opened as 24X7 ‘anytime’ locker facility with biometric access to provide to the requirements of its customers. Mr. R.M. Malla, Chairman and Managing Director, IDBI Bank said that the locker facility has good ambience, a special dressing room, and 24 hours availability of tea or coffee.… Read More »
Planning to buy your dream house or for your wife her favorite car? Well its time to take the back seat because RBI has increased its key policy rates by 25 basis points. This could affect your loan requirements, when it comes to EMI payments. But its noted that, most banks will be raising the rates… Read More »