A top official of Public Sector lender, Central bank of India said in Mumbai that the bank was expecting its home loan segment to grow by 25 per cent in the current fiscal, which would widen the portfolio size to Rs 10,000-crore.
According to Macquarie Research, the Reserve Bank of India is likely to keep its benchmark lending and borrowing rates unchanged in its monetary policy review next week, but may start hiking them from April 2010.
Axis bank, previously called the UTI bank, was established in 1994, promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI – I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies. It went public on Sept, 1998 with… Read More »
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.
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.
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.”
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 »
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.
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 »
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 »