Central bank of India has entered into an agreement with Star Union Dai-ichi Life Insurance to launch a scheme that assures life-time annuity for senior citizens opting for a reverse mortgage loan from the bank.
P/E ratio (Price Earnings Ratio) shows what the market thinks about the earnings potential and future business forecast of a company. Companies with high P/E ratios are the darlings of the investors and thus enjoy a higher market rating. In order to use the P/E ratio properly, take into account the future earnings and growth… Read More »
These funds are suitable for novice investors who don’t have any clue about the stock market investment. However over a long term, these funds should form a part of overall portfolio of investors. This is because investing solely in these funds will deprive the investors of earning higher returns generated by mid and small cap… Read More »
As a consequence of the RBI‘s decision to restore the all-in-cost ceilings on external commercial borrowings (ECBs) with effect from January 1, banks may see improved credit demand, especially from mid-rung and smaller companies.
Central Bank of India plans to raise Rs 400 crore through a bond issue in two months, and may also get Rs 700 crore as fresh capital from the government.
Closer to home, an 18-year-old IIT student posed as a bank executive, got credit card details from customers, and then used the data to book air tickets and buy laptops. He tied up with a travel agent to cancel the tickets and share the returns, while he sold the laptops across the country at a… Read More »
As a matter of prudence one might think of withdrawing investments from risky products to safe ones, just before the requirements arise. Say, disposing off the equity investments just when the junior is 16 or 17 and putting the money in MMMFs or debt funds or fixed deposits. This practice shall definitely bring the return… Read More »
Whatever your earnings, you can set aside a portion for saving. Simple budgeting, translated as spending lesser than you earn can pave the way to start saving. If you do not think about saving as early as possible you will lose out on significant sums of money at a later stage in life. Needs are… Read More »
ICICI Bank has announced a fixed-cum-floating home loan rate scheme under which the bank will offer loans at a fixed rate of 8.25 per cent for the first two years, irrespective of the amount, and from the third year onwards, the rate will be the applicable floating rate and will vary depending on the amount… Read More »
Kotak Mahindra Bank has announced a new fixed cum floating loan scheme wherein the bank will offer a rate of 8.49 per cent for the first 30 months from the date of disbursement and for the rest of the loan duration, the rate will be the applicable floating rate. The fixed rate of 8.49 per… Read More »