UCO Bank posts 38% rise in net profit
Kolkata-based UCO Bank has reported a 38.40 per cent rise in net profit to Rs 207.72 crore for the second quarter compared to Rs 150.09 crore in the same period last year.
Central Bank eyes 25 pc growth in home loans
A top official of Public Sector lender, Central bank of India said in Mumbai that the bank was expecting its home loan segment to grow by 25 per cent in the current fiscal, which would widen the portfolio size to Rs 10,000-crore.
RBI may keep key rates unchanged: Macquarie Research
According to Macquarie Research, the Reserve Bank of India is likely to keep its benchmark lending and borrowing rates unchanged in its monetary policy review next week, but may start hiking them from April 2010.
An intro on dhanalakshmi bank
Dhanalakshmi Bank was incorporated on 14th November, 1927 by a group of ambitious entrepreneurs at Thrissur, Kerala with a Capital of Rs.11, 000 and 7 employees. The bank became a Scheduled Commercial Bank in the year 1977.
Federal Bank
It was in 1931 that The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorised capital of Rs. 5000 at Nedumpuram in Central Travancore under the Travancore Company’s Act. In 1941, Shri K.P Hormis and friends stepped in to help the bank which was on the verge of liquidation and… Read More »
A note on HDFC bank
HDFC bank was incorporated in August 1994 in the name of ‘Housing Development Finance Corporation Limited’, with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. Currently the bank has a network of nationwide network of 1,416 Branches and 3,570 ATMs in 550 Indian towns and… Read More »
Development Credit Bank
The Development Credit Bank was established in the year 1930. The main promoter of the bank is the Aga Khan Fund for Economic Development (AKFED) which holds over 26% stake in the bank.
Can bonds give more return than the interest rate?
At the time of maturity of the bond, the company may not be in a position to repay the principal. This means the capital for the investor is at risk. There are credit rating agencies that monitor the credit worthiness of the companies on an ongoing basis. Their reports will serve as valuable inputs for… Read More »
Mutual fund investment? Profit from the right plan
Are you looking for income? Do you want to ensure your investments provide you with regular income? If so, then opt for dividend option. It will also help you book profits and thus protecting your investment from a sharp fall, caused by market crash. On the other hand, if you are saving for some future… Read More »
Funding the down payment for your home loan
There are a few more options too that you could look at. For instance, you can obtain a loan against the surrender value of your life insurance policy from the insurance company or from a bank or obtain a loan from your provident fund account if you have had an employee provident fund account for… Read More »