Personal loans are making their re-entry!
During the height of recession, banks had stopped offering personal loans. However they have started offering these loans again, but have become very strict with offering unsecured loans.
Holiday for the adventurous – Trekking!
Flights are available from Delhi which ranges from Rs 6500-13000. Flights from Chennai to Leh costs around Rs 9000-13500, from Mumbai to Leh costs around Rs 8500-12000, and flights from Kolkata to Leh costs around Rs 9500-11000. From Delhi, taxis are also available which cost – Indica (4 people) 12,000 and Qualis (6 people) 15,000.
Daily interest now for saving bank account holders
Earlier, any deposit in the account between the 10th and the end of the month, would not earn the account holder any interest as it is not part of the interest rate calculation. Any withdrawal between the same period, would result in lower interest income as the lowest balance would be taken into account for… Read More »
Daily interest on savings account to impact banks’ margins
Interest on savings accounts would be computed on a daily basis from 1st April 2010. while the savings account holders are happy, the banks are not happy. This is because the banks’ margins are set to be impacted with the introduction of this new system.
SBI starts strategic training center to sharpen trainee skills
SBI has started a strategic training unit (STU), to bring the bank’s complete training system under a single command, led by a chief general manager. This was done with the aim of improving expertise, especially among the 25,000 extra recruitment that the bank is scheduling for the present financial year.
Savings deposits likely to earn you more : Crisil
Crisil has said the cost of deposits for banks will increase by 10-20 basis points as they start computing interest on savings account balances on an everyday basis. The effect will be maximum for banks which have a major portion of salary accounts with highly variable balances.
SBI denies immediate rate increase
The country’s biggest lender State Bank of India has said it will not increase its lending rates right away but will wait for additional signs from the Reserve Bank’s impending annual monetary policy.
ICICI Bank and HDFC Bank downplay their ‘foreign’ status
ICICI Bank and HDFC Bank played down issues of being considered as foreign banks due to their majority foreign shareholding and said they persist in remaining Indian.
Maruti increases prices of numerous cars
India’s leading car manufacturer Maruti Suzuki has increased prices of many models as it claimed that the company intends to pass on to clients a portion of the increase in input costs and expenses associated with adhering to new emission norms.
Nano to roll out from Sanand factory on Gujarat Day
Tata Motors may launch its first Nano on May Day to commemorate the golden jubilee of Gujarat which was born on 1st May 1960. This is regarded as a emblematic gesture towards the government that bailed out the project from its problems in West Bengal.