Lending rates not to increase till May says O.P. Bhatt
State Bank chairman OP Bhatt said that lending rates are unlikely to increase at least in the next 3-4 months since any rate increase in a low-demand situation can harm banks’ margins.
RBI grants full licence to Experian
The competition in this arena is expected to further strengthen the infrastructure capabilities of CIBIL, which currently has the first mover advantage and a huge database to its credit, not to mention a huge list of banks and financial institutions as its members. On the other hand the new entrants come with the rich experience… Read More »
The concept of risk & investment in India!
Protecting the principal thus cannot be a reasonable objective for an investor, unless it is for the short term. A person who wants protect the principal for making a house down payment after 5 months, wanting to buy a bike after 3 months, who has her daughter to be married off in the next 4… Read More »
Budget 2010 – May not make taxpayers happy
Changes related to the Personal Income Tax like increasing the limits under Section 80C and hiking the tax slabs in a big way may not happen. A marginal increase in the tax slab as in the previous budget may be the best that individuals can expect. Implementing and change in the 80C limit of increasing… Read More »
Budget 2010 and the New Direct Tax Code
The New Direct Tax Code talks of talks of going for EET for most of the favoured investment and savings avenues of Indians today. Life insurance, provident funds and superannuation are the schemes that will be affected. The New Pension Scheme had at the time of launch itself been under the EET regime. The budget… Read More »
How to use Section 80C instruments smartly?
How about saving for retirement while simultaneously enjoying tax benefits? Then how about investing in pension funds? You can opt for pension funds offered by both insurance companies as well as mutual funds. However be warned that while you don’t pay tax on investing, you will have to pay tax on the pension.
Late for filing tax? Here’s help
Usually July 31st is the last date for filing tax returns. It is important to file the returns on time in order to avoid paying penalty. Besides it is a mandatory requirement of the government. Any person whose gross salary exceeds the basic exemption limit is required to file his income tax returns.
M & M set to enter motorcycle market
Auto major Mahindra & Mahindra said that it will enter into the motorcycle market with an entire range of products in this year and also it is yet to decide on continuation of its joint venture with French auto manufacturer Renault during the next 45 days. Anand Mahindra, who is the Mahindra & Mahindra vice-chairman… Read More »
RBI move-base rate vs. current BPLR–What’s new?
RBI has recommended that the BPLR system be replaced by a base rate system below which no lending can be done. This recommendation comes in the backdrop of the BPLR system failing to achieve what it was originally intended for – transparency in lending rates charged by banks. The report submitted by the working group… Read More »
Tracing the BPLR story
The evolution of the BPLR can be traced back to September 1990 when the first attempt to rationalize the administered lending rate structure was made by removing multiplicity and complexity of interest rates. According to this structure, the advances of scheduled commercial banks were divided into six slabs and progressively higher interest rates were prescribed… Read More »