The bank also has a presence in around 18 countries across the globe. They offer a wide gamut of retail products to its retail customers and as well as other banking products related to the corporate segment. These include ICICI personal loans, ICICI home loans, ICICI car loans, ICICI credit cards, ICICI LAP etc. They… Read More »
Axis bank’s registered office is located at Ahmedabad while all its core operations happen at its Central office in Mumbai. With a wide network of more than 853 branches and over 3723 ATMs, the bank has strengths in both retail and corporate banking. Axis bank brands all its loan products with the use of the… Read More »
The bank’s focus is on asserting its presence in all the vital and central industrial and commercial hubs to service their corporate clientele and on the other hand it also aspires to ramp up its retail customer base for deposit and loan products. HDFC Bank Limited’s retail segment currently offers HDFC personal loans, HDFC home… Read More »
Do you know in those days the loans were restricted to Rs. 1 L only and the loan tenure was a mere 3 months only?! Also, these were security loans. Another trivia to note is that in this period lending against shares of the banks or on the mortgage of houses, land or other real… Read More »
Banks feel the need to educate the consumer on financial literacy and in a move to stress this Reserve Bank came out with a concept paper on the subject and Financial Literacy and Credit Counselling (FLCC) centres in April 2008. These centres could be a great resource for loan applicants as a final step in… Read More »
Apart from the exciting and often tempting credit card offers, have we ever looked at the fine print, the stuff that actually makes the difference between a good and a bad choice? Most probably, not. Here is some information you should always look at before you opt for a credit card.
Over the years the tax rates have been mostly reduced with the intention of making them more rational and in tune with the international practices. It has reached a stage where any further reduction is not logically possible. At the same time the government has to think of ways of increasing its income. Hence, the… Read More »
Source based taxation is a process in which the income tax is calculated on the basis of the source of income whereas residence based taxation calculates income on the basis that individuals are taxable in the country or tax jurisdiction in which they are residing.
The new code suggests a rate of 0.25% of the value of gross assets for Banking companies and 2 percent for all other companies. A very striking aspect of the new code’s suggestions is that the MTA will be a final tax and it will not be allowed to be carried forward for tax credit… Read More »
This interest range for the bank to choose from is termed a spread. This spread is left to the discretion of the bank and depends on the other factors involved in loan eligibility like the credit profile of the loan consumer for instance. According to RBI regulations, banks are required to make changes in existing… Read More »