Special ATM for rural India
Chennai based Vortex Engineering has introduced a special ATM built solely for the rural regions.
Personal Loan lender Axis Bank planning a branch in London
Personal Loan lender, Axis Bank has sent an application for approval of acceptance from Bank of England to allow it to start a branch in London, according to S K Chakrabarti, the bank’s executive director.
Home loan lender SBI opens a branch for ultra rich
The biggest home loan lender in the country, State Bank of India has opened the 1st distinct branch meant exclusively for the ultra rich individuals (HNIs) in the country. The branch is the 1st of its type in India.
The taxpayer and the New Direct Tax code
In the present tax code, if you have invested in long term savings products like PF, gratuity fund, pension fund etc, then you can claim a deduction of Rs 1lakh from being taxed. Now with the introduction of new tax code, you can claim a deduction of an additional Rs 50,000 for tuition fees of… Read More »
Trust EPS, `Earnings per share’ for investing?
While deciding between the companies operating in the same sector, examine the rate at which the EPS of these companies has changed during the final two quarters and compare this difference with the rate of change of EPS during the last 3-5 years. If the EPS has shown an increase, it would mean the company… Read More »
State Bank of Patiala opens 7 more branches in Punjab
State Bank of Patiala has opened another 7 new branches in the Bathinda and Jalandhar districts of the bank. The bank, a subsidiary bank of State Bank of India has taken this measure to boost its access in rural Punjab.
Central Bank of India introduces prepaid cards
Central Bank of India, which are the official bankers of Commonwealth games 2010, have launched pre paid cards meant for the players participating in the games and delegates for the current customers of the bank.
Hero Honda introduces Super Splendor costing Rs 45,950
The country’s biggest two-wheeler manufacturer Hero Honda has introduced a new model of one of its best-sellers, Super Splendor, costing Rs 45,950 (ex- Delhi).
Car loan lender IDBI Bank removes minimum balance condition on savings and current a/cs
Car loan lender IDBI Bank has removed the requirement for minimum balance on its current and savings accounts as well as majority of the service charges on these accounts. The bank has taken this step so as to boost its share of CASA deposits.
CIBIL and NHB to launch central registry for homes purchased using home loans
CIBIL and NHB are making active steps to lessen frauds connected with home loans. Both the companies have chosen to start a central registry of mortgaged homes. One of the prime causes for increasing number of bad loans was frauds in which the borrower took the loan by using fake documents.