EPS denotes Earnings Per Share. It is a ratio that denotes the net profit or loss credited to the share holders for every share held. It is a widely used ratio that plays a vital role in valuation of the shares of the company. The term “earnings” used here denotes the part of the company’s… Read More »
NAV of a mutual fund is grossly misunderstood by the investors as well as the mutual fund. Low NAV does not indicate the fund is cheap, nor does it impact the returns in any way. So always remember this when selecting fund for investment. Rather focus on the quality of fund, which will greatly impact… Read More »
This type of home loan offers the flexibility of an increased loan amount eligibility keeping in mind the future, career growth, prospects of the home loan borrower. You can either opt for an increasing EMI component with time or a higher EMI payment initially, which reduces in later years. It can be structured according to… Read More »
In the case of real estate transactions, mortgage deeds etc. which tend to be high, the stamp duty value is also high. Stamp Duty charges also vary from state to state and are left to the discretion of the state government. There is a state to statewide variation in stamp duty rates across the country.… Read More »
Typically, people in their late 20s and early 30s, with family obligations, should begin by looking at property. In fact, up to 50% of your fund should be invested in property, as it appreciates over the long term. Following this should be up to 30% exposure in equities/ mutual funds, to reap the high returns… Read More »
IndusInd Bank is aiming to achieve a 25 per cent growth in its business volumes in Kerala during the current financial year.
Federal Bank Ltd has recorded a 30.16 per cent increase in net profit for the first half of this year at Rs 237.45 crore over Rs 182.43 crore recorded for the same period, the previous fiscal.
Corporation Bank’s net profit rose 52 per cent to Rs 292 crore in the second quarter of 2009-10, compared to Rs 192 crore in the corresponding quarter last year.
The Oriental Bank of Commerce is planning to expand its global footprint by opening offices in the UK and Hong Kong. Earlier this year, the bank had opened a branch in Dubai on March 30. With this, the bank got overseas presence first time after being established in Lahore in 1943.
Muthoot Finance has reduced gold loan interest rate to 12 per cent from November 2. According to press release provided at Kochi, loans up to Rs 1 crore are available under this scheme at all Muthoot Finance branches numbering more than 1,300 in 21 States.