Japan: Global standing
Japan is the world’s third-largest economy in terms of the GDP. Japan contributed 8.7% to the global GDP in 2009. It is also the world’s fourth largest exporter and fifth largest importer.
Japan quake, tremors across the globe
The triple tragedy of the earthquake, tsunami and nuclear disaster in Japan has not only shaken the world’s third largest economy, but also brought tremors to the global economy. As per, economist Robert Shiller, the Japanese quake and the tsunami could reach a global scale and this can be seen from the fact that the… Read More »
Mr. M V Nair’s view on the RBI’s hike in policy rates
Mr. M V Nair, Chairman and Managing Director, Union Bank of India, said that the RBI is likely to increase key policy rates in the month of May due to continuing high inflation in the country. This increase in key policy rates will add pressure to the banks’ lending rates. He also said that the… Read More »
What is a Mortgage?
The word mortgage has to be explained clearly before we start. Any property that is pledged to the financial institution/ bank until the repayment of a loan is done is called a mortgage. Generally houses, land etc are taken as mortgage. The word mortgage loan would mean two different things in Indian scenario and US… Read More »
Housing Finance in India
Housing finance as a financial service is relatively new venture in India with a very quick growth in the sector. In 1970, the Housing and Urban Development Corporation (HUDCO) was set up to finance housing and urban infrastructure activities followed by the Housing Development Finance Corporation (HDFC) in 1977, which was the first housing finance… Read More »
Future Capital – Loan against property
Future Capital has introduced Loan against Property with easy repayment options. This loan supports dream of building the business to new heights, consolidating debts or even arranging funds for a marriage in the family, etc. The Loan against Property is offered against residential premises, a plot of land or commercial properties. A mortgage of property… Read More »
Future Capital – Loan against gold
Gold has always been a blessing in disguise at the time of financial crunch. In international market, any time the market went down gold has been used for hedging the prices. Even in case of an individual, gold is a hedging tool .in time of financial crunch in an individuals’ life, gold has always helped… Read More »
Future Capital – Consumer durable loan
This loan of Future Capital finances purchase of consumer durables, like LCD/LED TV, Microwave, Washing Machine, and Air Conditioner. This consumer durables loan makes these small comfort equipments affordable to the common man without much effort and easier repayment options. This is a kind of personal loan which makes ones home better equipped. The Consumer… Read More »
Base Rates
Reserve Bank of India (RBI) proposed the base rate system to replace the prime lending rate (PLR) for banks to bring about more transparency in the lending operations of the bank across the country. The base lending rate shows the actual cost to banks that has to be covered through lending. RBI’s definition of base… Read More »
Bank to pay 13K for trouble in issue of duplicate passbook
A consumer forum held Bank of India, guilty of improper service after it issued two duplicate passbooks to the estranged wife of a client without the client’s knowledge and charged him for it. The South Mumbai District Consumer Disputes Redressal Forum ordered the bank to pay Mr. Amar Shukla Rs 13,000 for mental agony and… Read More »