A company official said that increase in loan disbursements, reduction in cost of funds, and lower non-performing loans helped HDFC achieve this milestone. The interest spread on loans for the quarter was 0.01 % higher at 2.2 per cent compared with 2.19 per cent in the preceding quarter and 0.04 % lower when compared to… Read More »
Inspite of the recession taking its toll on the state of finances of this country, some banks seem to have registered a good growth in profits thanks to the life saving measures implemented by the RBI to safeguard the economy from crumbling.
There are a host of insurance, saving and financial planning options in the market. In this blog, we attempt to give you information on most of such products available in the market. Provided below is an overview of ICICI Pru Elite Pension plan. Check it out to see if it works for you!
IRDA is currently reviewing the existing Banacassurance model (agency distribution arrangements through banks) and has set-up a seven-member committee to study the subject. Mr Kannan said that the regulator was aiming for an open architecture and added that the tie ups between banks and insurance companies must be operationally feasible, administratively possible and at the… Read More »
It is that time of the year when festivities bring a smile on everyone’s face. Pst October is usually a high spend time frame, where people indulge a bit having worked hard all year. From now until new year its time for loosening the purse strings. Retail markets well aware of this put up great… Read More »
Union Bank of India has tied up with Belgium based KBC group post SEBI approval to start this mutual fund joint venture. KBC, which is making its entry into the domestic market through this JV, is one of the largest MF players in Belgium. The company has assets under management worth Euro 174 billion as… Read More »
SIB has become the largest service provider among the 21 banks and financial institutions participating in the scheme, with 105 of its branches designated as the Point of Presence (POP). An SIB release said in Thrissur on Saturday that of all the institutions selected by PFRDA, SIB has got the largest Points of Presence.
Interest rates for NRE deposits having one to two years, two to three years and three years and above tenures have been revised to 3.01 per cent (3.08), 3.10 per cent (3.10) and 3.67 per cent (3.74) respectively
Earlier this week IDBI bank had cut its home and auto loan rates by 0.25 – 0.5 %. Interest rates for home loans up to Rs 30 lakh will be 8.75 per cent as against the existing 9 per cent. Loans between Rs 30 lakh and Rs 50 lakh will attract a rate of 9… Read More »
A Foreign Currency Convertible Bond (FCCB) is a type of convertible bond issued in a currency different than the issuer’s domestic currency. In other words, the money being raised by the issuing company is in the form of a foreign currency. It gives two options. One is, to get the regular interest and principal and… Read More »