With interest rates hike looming in the air, most investors are puzzled as to what type of funds should they opt in order to promote a healthy growth of their investments. In such a scenario, debt funds should not be a probable choice since they operate on bond prices, as in there is an inverse… Read More »
A recent press report said that Downplaying Moody’s decision to downgrade rating of State Bank of India is not going to fast-track recapitalization of the PSU bank. Reports said that State Bank of India (SBI) had submitted the proposal a couple of months back to raise Rs 20,000 crore through the rights issue. The bank… Read More »
A recent press report said that RBI is taking measures to control inflation but it is important to concentrate more on the supply side. It also said that it’s time to innovate new ideas to overcome the inflation because the agriculture investment has been reduced from 4.37 per cent to 1.83 per cent and also… Read More »
According to a recent press report SBI has increased the lending rates by 25 basis points and deposit rate by 100 basis points. It has a positive impact on savings because the returns are high, but the home loan and auto loans interest rates have gone higher. The bank’s current deposit interest rate is 9.50… Read More »
A recent press report said that ING Vysya has recorded that the net profit of this fiscal year has been raised up to 53 per cent of Rs.115.4 crore through higher net interest income and sound asset quality. Mr. Jayant Mehrotra, CFO, ING Vysya bank said that although the margins were under pressure, the profit… Read More »
According to a recent press report, Yes Bank has planned to extend a helping hand to the Agribusiness according to which it will offer assistance in the fields of financial solutions, Strategic advisory and Research. The Agribusiness is one of the Pillars of our Economy; now days the agribusiness through the modern technology is moving… Read More »
According to a recent press report, the increase in the Repo Rate may not result in increase in the interest rates for Fixed Deposit. A report said that the banks will revise the interest rates for deposits once the central Bank makes changes in the repo rate. Reports said that the RBI has increased Repo… Read More »
According to a recent press report Union Bank has reported a modest growth in profit. The main reason for its growth profit was the increased NPAs and the decrease in credit Growth. Mr. M. V. Nair Chairman and Managing Director of the bank said that the reason for modest growth was the shifting of bank… Read More »
According to a recent press report Life Insurance Corporation of India, the traditional insurance company has launched Business vertical which is LIC Direct. Reports said that the added feature will allow the customers of the LIC to easily get access to their different plans and clarify their doubts. It is very Quick, Simple and Easy… Read More »
According to a recent press report, the interest rates are growing higher and higher and the report from the bond market also reveals the direction of the interest rates. Reports said that banks are not ready to get back the 7 –year and 10 – year government paper. Even though the government borrowings were high… Read More »