A bank account has become more of a necessity than a comfort or luxury these days. A bank account and its related features have become an essential part of an individual, especially, a salaried individual. The purpose could be for individual transactions, personal loan or home loans, educational loan or repayment of a loan through… Read More »
Lump Sum is a single payment, for the total amount due, as opposed to a series of periodic payments. In general, a lump sum is a single payment which gives all of the benefits owed to the person in single go. Lump sum payments can be seen in cases of retirement benefit packages, court-ordered financial… Read More »
Mahanagar Co-operative Bank Ltd. was established by the people in Ahmednagar District in the name of “The Ahmednagar Sahakari Bank Ltd.” on 6th October 1973. The bank changed its name from “The Ahmednagar Sahakari Bank Ltd.” to “The Mahanagar Co-operative Bank Ltd” and the new name came into force with effect from 21st January, 1998.… Read More »
Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36… Read More »
Take a view on this! NSE is above 6000 and BSE is above the psychological 20,000 mark. If you own a house or plan to buy a house in any of the metropolitan cities, you must have witnessed the sharp rise in residential properties. Gold prices are ruling at an all-time high level. The disposable… Read More »
LIC Housing Finance has increased its interest rates in some of its schemes and created a separate slab for loans above Rs. 75 lakh following the tightening in home loan lending norms.
Recent news reports said that State Bank of India has raised €750 million through a five-year bond. Reports say that this is the largest bond issued by an Indian company.The bond will mature on November 30, 2015 and will offers yield of 4.601 per cent.
Banks and financial services companies are moving their focus from credit cards to prepaid cards.
Demand for loans has gone up sharply in the fortnight ending on September 10. This rise in demand is a good sign after 2 months of slow growth.
Home loan lender, Union Bank of India has said that it is anticipating a capital infusion valued at Rs 1500 crore from the government as an assistance to hike its business.