Maruti Suzuki India has plans to introduce a new model of its small car Alto, the largest selling model in India, with a bigger engine. The industry sources say, the company intends to introduce the new Alto with a one-litre petrol engine from its newest series of engine, the K-Series.
Jet Airways has announced a tie up with SBI Card in which customers can book airline tickets via their portal using the credit card alternative. SBI Card is a joint venture between State Bank of India, the country’s biggest lender and GE Capital.
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.
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.
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.
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
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.
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 »
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 »
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.