According to a recent press repots loans against bank fixed deposits are gaining traction. As per the data released by the RBI, these loans jumped by about 25 per cent in April 2011, against about 3 per cent in April 2010. The loans against bank deposits went up by Rs 11,966 crore between April 23,… Read More »
A recent press report said that ING Vysya Bank, the private lender has planned to raise funds by issuing up to 28 million equity shares to the promoters and qualified institutional players. The bank has not yet mentioned about the amount that is to be raised from the proposed offers. Reports said that with reference… Read More »
A recent report from the S&P said that the Indian banking sector is likely to face pressure on margins in the current fiscal, in spite of the expectations in the improvement of asset quality will improve, said Standard & Poor’s Rating Services. The average gross non-performing loan of Indian banks are expected to improve from… Read More »
According to recent press reports, Corporation Bank, has launched a new loan-linked savings bank account called ‘Corp Mahila Power’. The scheme was launched by Mr. Ramnath Pradeep, Chairman and Managing Director of the bank, at the 12th Commonwealth-India Small Business Competitiveness Development Program in Bangalore. The release said that ‘Corp Mahila Power’ was designed for… Read More »
A recent press report said that Corporation Bank has planned to focus on direct lending to farmers during the current financial year. Mr. Ramnath Pradeep, Chairman and Managing Director, Corporation Bank, told the press that the bank will substantially improve lending to agriculture this year in order to save significant amount which is required to… Read More »
A recent press report said that the ATMs of Corporation Bank would serve as a source of advertising medium to the public. The bank expects to take its ATM network to 3,250 by the end of the current financial year and as an attempt to achieve it, 2000 ATMs are to be added this year.… Read More »
A recent press report said that Bank of India has raised interest rates by 25-75 basis points on fixed deposits of select maturities with immediate effect, according to a notice on the BSE. The individual services of the bank include bank deposits, international banking, education loans, home loan; personal loan etc. The bank has announced… Read More »
It is really important for an investor to first understand the economy and the financial systems prevalent in the market before he decides what to invest in. With the cost of crude oil having increased considerably per barrel, the Indian government has also acted by increasing the price of petrol and diesel severely. Other stocks… Read More »
Purpose – For repair, additions/alteration, renovation etc of one’s own house or house in the name of spouse/father/mother or in the name of father/mother in law in case of married female members. Any other legitimate requirement of funds except for speculative purpose, like; marriage of dependents, to meet expenses on medical treatment and/or education of… Read More »
Purpose – Construction or purchase of new dwelling units, financing of old dwelling units (not more than 15 years old) provided it is in a good condition. repair/renovation/extension of existing house; repayment of loan availed from housing Finance companies/banks; Purchase of plot to construct a house subject to condition that a house will be constructed… Read More »