ICICI bank to operate as local bank in Singapore
Largest private sector lender ICICI Bank is all set to operate as a local bank in Singapore, following an in-principal approval from the city-state.
Category Archives: Money Management
Be Indian, go global with global funds!
Global funds invest in international companies and/or mutual funds investing in international companies. Some of these funds can also choose to focus on investing in international companies operating in a particular sector. Few funds are hybrid i.e. they invest a part of their money in Indian companies and remaining portion of their money n international… Read More »
Citibank launches unique universal mortgage account
Citibank recently launched CitiHome One, a unique universal mortgage product, that would enable customers to get a home-loan as a combination of a conventional term-loan and credit line. With the launch of this new scheme, customers will be able to enjoy the dual advantage of interest savings on their home-loans by utilising surplus funds as… Read More »
Punjab National bank to offer special home loans on New year’s eve
As part of its schemes for the festive season, leading public sector bank, Punjab National Bank has offered to grant home loans at floating interest rates up to 2.5 percent below the prevailing Public Lending Rate till the end of this year.
SIDBI disburses Rs.1,500 crore to banks
The Small Industries Development Bank of India has disbursed Rs 1,500 crore to 10 banks for lending to micro/unorganised enterprises. The loan is provided upto December 1 2009. In a written reply in the Lok Sabha, Minister of State (Independent Charge) Dinsha Patel said, “SIDBI has set up a special cell for providing re-finance to banks for further… Read More »
How was 2009?!
This year we saw introduction of currency futures i.e. contracts for buying and selling foreign currencies against INR. Currencies are thought to be one of the most liquid market due to presence of countless players and 24×7 market structure. Even if NSE and BSE close, an investor sitting in US can trade INR at that… Read More »
Mutual funds, getting more investor friendly?
The mutual funds advisory committee is also looking at more reforms. The advisory is recommending the asset management companies to lower the fund management fees from the present. The fund houses currently charges 1.25% as asset management charges for the first Rs 100 crore garnered by a scheme, and 1 per cent thereafter. It is… Read More »
ETF strategies for down markets!
During a market downturn, ETFs have different provisions in everyday tools for doing allocation of assets in line with your risk appetite and tolerance and your financial goals. This way you can protect your portfolios. You can allocate assets in various classes by reducing your portfolio exposure to equity capitalizations, assets and sectors that could… Read More »
IDBI bank offers home loan at 8.25%
Following banking giants such as SBI, ICICI Bank and HDFC, state-owned IDBI Bank has joined the home-loan war with the launch of its fixed cum floating rate home loan. The bank is offering 8.25 per cent fixed rate for all its new loans till March 2012.
SBH shows credit growth in Oct – Nov months
A strong focus on retail advances has helped State Bank of Hyderabad (SBH) to pick up credit growth during the months of October-November.