Foreign banks to be given entry on the precondition of financial inclusion
Foreign banks may get entry in India but only if they fulfill the condition that they participate in the total financial inclusion.
Gauge fund performance, use standard deviation!
Standard deviation steps in where average failed. It gives you an idea about the rating of the quality for the average. It can be defined as the difference between the numbers used in calculating the average and the actual average. It is an indication of how accurately the average represents its parent numbers.
Indiabulls Financial launches special home loans for employed
IndiaBulls Financial has launched a special home loan scheme particularly designed for the employed class. The scheme gives home loans at an interest rate of 8.5%.
India’s passenger car exports fall by 7%
India’s Passenger car exports fell by 7.21% in August, as car manufacturers chose to concentrate on healthy local market, while the international markets have not yet seen the rise in demand, SIAM said.
New banking licenses to be given to 4 initially
New banking licenses are attracting a range of corporates and non banking finance companies (NBFCs). But RBI is not very liberal in this respect. It is believed that the central bank would begin the step by issuing only 4 banking licenses in initially and that also not in one shot.
RBI likely to decontrol savings account shortly
Savings bank accounts may stop earning fixed interest rates very soon. The Reserve Bank of India is planning to decontrol the interest rates on these accounts shortly. Savings bank rates are the only rates still controlled by the apex bank.
Personal loan lender Axis Bank introduces IMT service
The Personal Loan lender in the country, Axis Bank has launched Instant Money Transfer (IMT) service. It is a new remittance service having pioneering characteristics.
Car loan lender Federal Bank plans to achieve Rs 75,000 crore business
Car loan lender, Federal Bank has said that it plans to achieve a total business of Rs 75000 crore in this fiscal on the back of the robust deposit and credit increase.
Harley Davidson to open Harley Owners’ group shortly
The Indian division of high-end bike maker, Harley-Davidson, intends to start a Harley Owners Group, popularly called as HOG, in India soon.
Suzuki Motorcycle introduces SlingShot in South India
Suzuki Motorcycle India Private Ltd, an associate of Japanese two-wheeler maker Suzuki Motor Corporation has introduced Suzuki SlingShot in South Indian market.