SBI to extend teaser home loan further
India’s biggest lender, State Bank of India might be extending the duration of teaser home loan scheme further. But this decision depends completely on the liquidity status of the bank.
SBI to hike loan limit by 10 times
State Bank of India will shortly be hiking the loan limit to people purchasing land to construct a house by 10 times. This move by the banking giant is meant to raise its grasp on the home loan segment.
Bankers expect to earn better this fiscal due to decrease in number of bad car loans
The financial year just ended had seen a sharp increase in bad loans including car loans due to the economic slowdown. This year banks are optimistic about delivering an improved performance due to better economic situation and repayment behavior.
Banks to adopt competitive pricing for personal loans in base rate regime
The banking industry is all set to move ver to the base rate regime from personal loan July 2010. With that aim, all banks are busy computing their corresponding base rates on which they would base their pricing for
Mobile banking system of SBI to include non-Java, non-GPRS systems
State Bank Freedom- the mobile banking service of SBI is now available on both non- Java as well as non- GPRS phones. Till date, the service was restricted just to Java-enabled mobiles over SMS/GPRS/WAP and non-Java phones having GPRS connections.
What you need know about travel insurance
With the increasing competition between insurance companies, the procedure for making claims has become very easy. Generally, you need to call up a toll free number of the insurance service provider and register your claim. You will be advised on the documents that would be needed to be submitted to process your claim. A Third… Read More »
Start your tax planning now – Part 2
The returns that the infrastructure bonds will give are not clear at present, as they have not been in the market for the past 5 years. However returns in the range of 6 to 8% can be expected. You can expect these bonds to be in the market during the tax saving season – December… Read More »
Exchange traded funds for passive investors
Most investors tend to think that an ETF is the same as an index fund. While an index fund also mirrors returns of a particular index, ETFs have an edge over index funds because of the benefits it provides.
SBI anticipates increase in interest rates shortly; car loans to become expensive
India’s biggest lender, State Bank of India has said that there may be an increase in the interest rates in the next days. This may make car loans more expensive. The Chairman of SBI, Mr O.P. Bhatt said, “There continues to be surplus liquidity in the system and credit offtake has not picked up, in… Read More »
No. of credit card holders fall
According to the reports of March, the number of credit card holders has fallen. The number has gone below the 20 million mark and is presently at 18.3 million. The report acknowledging this reduction has been released by the Reserve Bank of India. The previous fiscal saw a big portion of 6.04 million cards stopped… Read More »