Personal loan lender, Vijaya Bank has decided to concentrate on expanding its access in the northern part of the country. A senior official of the bank said, 74% of its new branches will be situated in the northern part of India.
Historically, gold has been the perfect hedge for inflation. This is based on data from the year 1800 AD. But in terms of absolute returns gold has fared rather poorly giving returns at only 0.8% above inflation. Real estate and shares beat gold squarely on the capital appreciation front. Real estate and shares have given… Read More »
The country’s biggest lender, State Bank of India (SBI), is aiming for 20% of its net income from overseas operations in the next 2-3 years, a senior official of the bank said.
Officials of the leading personal loan lender in the country, State Bank of India have chosen not to participate in the all India strike to be held on September 7.
DLF, India’s biggest real estate company, is in advanced discussions with Hilton Hotels and Resorts to subcontract management of its super luxury vacation homes including villas and apartments in an imminent project in Kasauli. It is one of the few deals in which a hotel chain will handle the entire project as normally vacation homes… Read More »
The biggest lender in the country, State Bank of India may carry on offering its teaser loan scheme even after September is over.
Bank of Baroda has space to generate up to Rs30-40 bn in FY11, its senior official has said. The funds would be generated as tier-I and tier-II capital, Chairman and MD M.D. Mallya said. The PSU lender, which increased the benchmark prime lending rate by 50 basis points to 12.50% in August, anticipates deposits increasing… Read More »
A unique identification number (Aadhaar), may shortly be sufficient for a person to obtain a new mobile connection or open a bank account.
Textile giant Raymond’s plans to develop its 125-acre land housing its factory in Thane, is expected to be delayed as the Maharashtra Government has declined to give it an NOC for the aim unless the company settles the compensation problem with its workers.
Leading car loan lender in the country, HDFC Bank has raised its Benchmark Prime Lending Rate (BPLR) by 50 basis points. The new BPLR of the bank is 16.25% with immediate effect.