Uttar Bihar Gramin Bank – Rural Housing Loan

In 1976, the central government amalgamated Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank (transferor regional rural banks) sponsored by Central Bank of India in the state of Bihar into a single regional rural bank which began to be called as Uttar Bihar Gramin Bank with its head office at Muzaffarpur. Now area… Read More »

RBI has planned to hike rates to tame inflation

Recent reports said that the Reserve Bank of India is set to tighten interest rates through the major part of this fiscal. This is because the central bank sees high global crude oil and other commodity prices keeping the inflation rate above its comfort level, and affecting growth. The RBI said continuous inflation has made… Read More »

HSBC India has Aimed at Profit of $1 b in Medium Term

A recent press report said that HSBC is aiming to reach $1 billion in profit before tax in India, in the medium term. The bank said that it expects India to join Hong Kong and mainland China as ‘billion-dollar’ businesses. Reports said that the strategic focus for India is to lead financing for the country’s… Read More »

Know everything about a Holiday Home?

With the increase in the quota of upper middle class people in our country, the new friend in the real estate bandwagon is the Holiday homes. Although this phrase might seem too classy initially and might prompt you to acquire one as well, but here are somethings that you might want to know. Well, its… Read More »

Sarva UP Gramin Bank – Car Loan for Public

Sarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 RRBs. The Bank has its Head Office in Meerut. Purpose: This loan finances purchase of new / old cars, van jeep. Eligibility: Any individual with sufficient income to repay the loan can… Read More »

SIDBI Risk Capital for MSMEs

SIDBI is the principal financial institution for the promotion, financing and development of industry in the small scale sector. The Small Industries Development Bank of India provides direct credit schemes for Micro, Small and Medium Enterprises Purpose Development Bank of India A quasi equity for Micro, Small and Medium Enterprises where the promoter is short… Read More »

Dewan Housing has recorded net rises 40% in Q4

A recent press report said that housing finance company, Dewan Housing Finance Corporation Ltd (DHFL) has recorded a net profit of Rs 59 crore for the quarter ended March 3,1 2011, 40 per cent higher than the Rs 42 crore in the corresponding year-ago quarter. Reports said that the growth in profits were due to… Read More »