A recent press report said that Canara Bank has reduced rates of interest on housing loans and home improvement loans by 50 basis points across all slabs and tenures as a special offer for the festival season. The rates will be applicable from October 10 to January 15, 2012. Reports said that he bank has… Read More »
A recent press report said that BharatBenz, the exclusive truck brand for the Indian market by Daimler, world’s leading producer of Commercial Vehicles, signed a Memorandum of Understanding with the country’s no.1 auto loan player HDFC bank for financing its commercial vehicles. According to the MoU HDFC Bank becomes the first preferred financier for BharatBenz… Read More »
RBI, on 29th Aug, 2011, issued draft guidelines for licensing of new banks in the private sector. This has been cheered by corporates and NBFCs, especially NBFCs whose stock prices zoomed after the news. The draft guideline was much awaited by corporates who have shown keen interest in entering the highly regulated banking sector. RBI… Read More »
The Mutual Fund industry was just trying to cope up from SEBI’s blow of banning entry loads on mutual funds units, they have been struck with another lightening. Now, RBI (Reserve Bank of India) has come up with a new regulation that banks need to cap their investments in the liquid schemes of mutual funds at 10%… Read More »
Diversification is the mantra for any successful portfolio. It helps the investor in minimizing their risk and maximizing their gains over a period of time. Many advisors preach the following saying”Do not put all your eggs in one basket”. This rule should be followed religiously. In some cases, investors just get lucky by a hair… Read More »
This is mostly answered by approaching a Mutual Fund manager. The manager will ask you a dozen questions wherein he will be able to analyze what are your goals and the investment tenure that you are looking for. Depending on that he will pull out a list of Mutual Funds that have performed well in… Read More »
A couple of decades back, not many people realized the value of a Mutual Fund or the way its transactions are to be dealt. They thought of Mutual Funds to be instruments that can help them gain a lot of profit over their investment plus cost. But, when a wave of disaster hit them, it… Read More »
According to a recent press release, ICICI bank has announced that it would lend home loans at a fixed rate for the first two years. The interest rates would remain fixed for the first two years and after two years the rate would be converted into floating interest rate. The Base rate and Margin would… Read More »
A recent press release from HDFC bank said that the bank, which is the country’s second largest private lender, has entered into a strategic alliance with Diners Club International to offer Diners Club premium credit cards to the country. According to the statement of the bank, HDFC which is already the country’s largest credit card… Read More »
A recent press report said that the Indian Infrastructure Finance Company would be under the regulations of the Reserve Bank of India. A proposal regarding this subject has been approved by the Union Cabinet. Regarding this Ms. Ambika Soni, Minister of Information and Broadcasting , had said that IIFCL would operate under the regulations of… Read More »