Mr Sengupta said, “Loan growth is unlikely to cross 20 per cent this year going by the current credit off take. Next year we should see higher growth at around 25 per cent. Deposit growth is also likely to be along the same lines at 25 per cent.” The bank is planning to open 200… Read More »
It has been brewing for sometime now, credit card spending is on the decline. The recession has tightened the purse strings of individuals who may have temporarily shelved their credit cards. An indication of some such development is evident by the figures discovered during a survey for credit card spends and usage patterns.
LIC Children’s Plan – Komal Jeevam is a money back plan for children aged 0-10 years and offers financial protection on the unfortunate event of the death of the parent or grandparent who is eligible to purchase the policy for the child
SBI is all set to expand its business and explore contemporary models of banking to keep abreast with the current banking trends in India. Towards this end, SBI looking to raise up to $1 billion in bonds.
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 »