The book value is defined as the difference between total assets and liabilities. In a more crude way it is also defined as the amount that will be left back after paying all liabilities in case of a closure. The P/B of an IPO is calculated as Market value divided by the Book value. It… Read More »
One of the most important mistakes done the previous wave was the sheer disregard to fundamentals while investing in IPOs. This was due to the huge hue and cry over IPOs and how they gave bombastic returns on the first day of listings. “Hey i brought XYZ Company at Rs 175 in the IPO and… Read More »
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 »
Normally, the bank enters into a tripartite agreement with you and your tenant as well as a term loan agreement is signed between you and the bank, prior to approving the loan. As per this agreement, the tenant has to pay the rent to the bank directly. Here you and your tenant will have to… Read More »
The recent announcement from RBI curtailing the use of free ATMs to five times a month and a upper limit of Rs.10,000 per ATM withdrawal, the joy of the consumer in availing this service has become short lived. This new ruling comes into effect from October 15th, 2009. However, with people working 24×7, but banks… Read More »
In its recommendations to the Working Group on benchmark Prime Lending Rates (BPLR), the Indian Banks association has proposed the replacement of the BPLR with a base rate. If the RBI accepts this recommendation, then banks will not be able to lend below the base rate as it will not be viable.
The pre-paid gift card launched by the Central Bank of India can be pre-loaded only once with any value between Rs 500 and Rs 50,000 and will be sold only at select branches. The card will be accepted by all retail stores across India displaying the Mastercard signage.
Mr Sengupta said, “Loan growth is unlikely to cross 20 per cent this year going by the current credit off take. Next year we should see higher growth at around 25 per cent. Deposit growth is also likely to be along the same lines at 25 per cent.” The bank is planning to open 200… Read More »
It has been brewing for sometime now, credit card spending is on the decline. The recession has tightened the purse strings of individuals who may have temporarily shelved their credit cards. An indication of some such development is evident by the figures discovered during a survey for credit card spends and usage patterns.
There are a host of insurance, saving and financial planning options in the market. In this blog, we attempt to give you information on most of such products available in the market. Provided below is an overview of ICICI Pru Elite Pension plan. Check it out to see if it works for you!