Banks set to raise salaries by up to 14%

The branches of banks and their front offices are set to recover their lost glory. A year back, problems in worldwide financial markets and subsequent economic slowdown affected the sector.

Which mutual fund is right for you? Some tips

Figure the objective of the investment. Understand the scope or mandate of investment. It outlines the debt-equity mix and the type of instruments that the fund would invest. It indicates where your money will be invested by the fund manager i.e. whether large, mid- or small-cap specific, the level of diversification, the option to the… Read More »

Which loan is better for a businessperson?

The easiest loan that any businessman can get is the daily/weekly payment loans from local financiers. But the interest rate here can be very high – in the order of 3% and above per month. Also there is the element of getting lesser amount that the loan amount due to advance payment of EMI. A local… Read More »

Union Bank expects an increase in bad loans in next quarters

Union Bank of India foresees an increase in non-performing assets (NPA) in the forthcoming quarters. In fact, the bank has already seen slippages due to its restructured loans. The bank’s chairman and managing director MV Nair said that till December, the bank has seen a 5% reduction in the restructured loan portfolio worth Rs 4,700-crore.… Read More »

Should you prepay your home loan?

Saving on the net interest is the significant advantage of prepaying the home loan, other than the fact that you will retain the complete ownership of the house earlier than planned. The longer the loan tenure, the more the interest repaid, hence its best to repay your home loan in the shortest loan tenure possible,… Read More »

SBI introduces ‘SBI Gift Card’ in Hyderabad

State Bank of India (SBI) today introduced a new product called ‘SBI Gift Card’ in Hyderabad. The gift card was formally introduced by the mayor of  Hyderabad city, B Karthika Reddy. The function was attended by the bank’s Chief General Manager for AP region Shiv Kumar.

Standard Chartered Bank looking to hire smaller IT companies

Standard Chartered Bank, a leading Singapore-based bank predicts India will play a leading role in the technological aspect and introducing new products. It is also ready to work with smaller IT companies in order to offer economical services to its customers.

Indian investors lap up real estate in Dubai

During the year 2009, Indian investors ended up lapping the largest chunk real estate sales in Dubai. This was discovered in a new study conducted by FutureBrand’s Gulf Real Estate Study.