A recent press report said that the emergence of new private banks in the country will not take place immediately. The finance minister had said in the budget that the Reserve Bank of India would grant fresh license to private sector banks in view of the growing market, but the Reserve bank of India has… Read More »
The word mortgage has to be explained clearly before we start. Any property that is pledged to the financial institution/ bank until the repayment of a loan is done is called a mortgage. Generally houses, land etc are taken as mortgage. The word mortgage loan would mean two different things in Indian scenario and US… Read More »
Future Capital has introduced Loan against Property with easy repayment options. This loan supports dream of building the business to new heights, consolidating debts or even arranging funds for a marriage in the family, etc. The Loan against Property is offered against residential premises, a plot of land or commercial properties. A mortgage of property… Read More »
Gold has always been a blessing in disguise at the time of financial crunch. In international market, any time the market went down gold has been used for hedging the prices. Even in case of an individual, gold is a hedging tool .in time of financial crunch in an individuals’ life, gold has always helped… Read More »
This loan of Future Capital finances purchase of consumer durables, like LCD/LED TV, Microwave, Washing Machine, and Air Conditioner. This consumer durables loan makes these small comfort equipments affordable to the common man without much effort and easier repayment options. This is a kind of personal loan which makes ones home better equipped. The Consumer… Read More »
A consumer forum held Bank of India, guilty of improper service after it issued two duplicate passbooks to the estranged wife of a client without the client’s knowledge and charged him for it. The South Mumbai District Consumer Disputes Redressal Forum ordered the bank to pay Mr. Amar Shukla Rs 13,000 for mental agony and… Read More »
A recent press report said that the Reserve bank of India has asked the banks to implement 1% interest subsidy on home loans up to Rs.15 lakh as per the budget announcement. The 1% charge will be implemented on home loan up to Rs. 15 lakh where the cost of the house does not go… Read More »
Recent reports said that 26.4 per cent of the country’s internet users have visited an online property of a bank in March. According to audience measurement platform ViziSense, out of the seven crore internet users in the country, 1.85 crore have visited an online property of a bank in March. Reports said that the growth… Read More »
According to a recent press report, the account holders of Union Bank of India can pay their income tax through the bank’s ATM. The Bank has a net work of 2, 600 ATM’s. The customers of Union Bank of India who are willing to pay their taxes through the bank’s ATM have to register their… Read More »
Credit from banks in India has increased over 22% annually to touch Rs. 40.76 lakh crore towards the end of the last fiscal. This increase in credit is likely to indicate the boosting in the industrial activity. This is recorded as of April 8th of this year as against the last year’s amount of 33.37… Read More »