A recent press report said that Axis Bank has announced the launch of ‘NISHCHINT’ a lifetime ‘Fixed Interest Home Loan Scheme’ which offers home buyers housing loans at a fixed rate of 11.75% p.a. for the entire duration of the loan. The duration of the loan is fixed as 20 years. Mr. R. K. Bammi,… Read More »
A recent press report has said that private sector lender Catholic Syrian Bank has set up the first biometric ATM from its side. The ATM has been set at a village called Ozhur in Malappuram district of Kerala. Reports said that the installation of the biometric ATM has come up as a step ahead towards… Read More »
A recent press report said that the RBI has asked banks to implement various safety measures related to credit card and debit card usage over a period of next two years in order to minimize fraud cases and ensure security of transactions. Reports said that the RBI has asked banks to strengthen the existing payment… Read More »
A recent press report said that City Union Bank Limited has planned to open nine branches during October-November. Among the nine branches that are to be opened seven will be in Tamil Nadu, one in Bhubaneshwar and another in Raipur. Dr. N. Kamakodi, Managing Director and Chief Executive Officer of the century-old private sector bank… Read More »
A recent press report said that ICICI Bank has lowered the pace of deposit growth from foreign markets. It has decided to focus on growth of deposits from local grounds. Ms. Chanda Kochhar CEO and MD of the bank said that the bank is hardly growing retail deposits in these markets. She said that the… Read More »
Most of the time, we heed to the advice of the experts thinking their decision is the ultimate. Any deviations from such solutions to our financial queries can cause upheaval in our financial management. But this perspective is very wrong. There is no harm in questioning your agents’ financial decisions; after all it is your… Read More »
Investing without any goal in mind can leave you nowhere. It does not give you the drive as to where and how much you need to invest any fund, or even what is the type of fund you want to opt for. Having a goal in mind gives you the pursuit you need to opt… Read More »
Most investors hang on to only a few catchy phrases when it comes to portfolio building and growth in their investments. One such phrase is diversification. By diversification, we mean that, when an individual’s funds are invested in limited number of funds but which are aggressive in nature. Although this is the basis on which… Read More »
When you decide to build your portfolio, find out what your financial goals and requirements are. Categorize them into short and long term goals. Requirements like buying a laptop, or going to a foreign destination etc should also be included. Once you are done with them, next step is choosing the avenues where you want… Read More »
A recent press report said that RBI has constituted a 9-member panel to look into various issues related to priority sector lending, including review of loan limits under the segment. Reports said that the committee will be headed by Mr. M V Nair, Chairman and Managing Director, Union Bank of India and that the panel… Read More »