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 »
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 »
With the arrival of base rate, banks are worried that it may erode their profits. Banks say that once the base rate is implemented, they would pay more to the depositors but won’t earn a parallel income. Also they fear that home loans would be affected as old customers were given loans based on PLR.
Shriram Group, the Chennai based financial institution is set to foray into the gold loan segment. The company would rely on its robust client base and branch network as core competencies. Currently, the consumer finance division of the Group, Shriram city union finance ( Scuf) operates in gold loan business.
India’s biggest lender, State Bank of India has posted a Rs. 674 crore increase in its non performing assets in the 4th quarter of the financial year just ended. This increase in NPAs can be credited to the corporate sector. But the NPAs of its agricultural loans along with the retail loan portion including personal… Read More »
Almost all the tax saving financial instruments today fall in the EEE tax regime. The taxman is truly the best friend for the investors in these tools. These investments do not tax us, the investors, at the time of investment, during the tenure of the investment and also at the time of the maturity.
CPP Card Protection is India’s first 24-hour Card Protection service for use in the event of card loss, theft and related fraud. One free call to CPP ensures your cards are cancelled immediately; they also provide emergency travel and hotel assistance. You can now protect all your important cards & valuable documents including all your… Read More »
It is a cycle. When there is a boom, there is always a crash around the corner. Real estate prices became sky scrapers by themselves and the inevitable, a stabilization and correction of prices was bound to follow. People whose lives have seen more than one recession have come to terms with it and have… Read More »
To get the best out of the tax savings, it is good to let the partner with the higher pay make a higher contribution towards the home loan resulting in a better tax benefit collectively. In any case as both Niranjan and Chitra are earning, other expenses can be managed with the income of the… Read More »
While mediclaim or health insurance policy is an indemnity policy i.e., it reimburses your actual medical expenses, critical illness policy is a defined benefit plan i.e., it gives you a lump sum on diagnosis of any of the pre-specified critical illnesses irrespective of your medical expenses.