According to recent press reports Karnataka Bank Ltd, private sector banking institution based in the town of Mangalore in Karnataka has signed an agreement with Bartronics India Ltd in order to boost up the process of providing banking services in remote villages under its financial inclusion plan. The agreement was signed by the Managing Director… Read More »
A recent press report said that Kendriya Vidyalaya Sangathan (KVS) and Union Bank of India,India’s largest state-owned banks, have signed a Memorandum of Understanding (MoU) for salary disbursement of KVS employees across the country. According to the agreement, the bank has accepted to offer inclusive solution for disbursement of salary to all the 56,000 KVS… 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 »
Housing finance as a financial service is relatively new venture in India with a very quick growth in the sector. In 1970, the Housing and Urban Development Corporation (HUDCO) was set up to finance housing and urban infrastructure activities followed by the Housing Development Finance Corporation (HDFC) in 1977, which was the first housing finance… 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 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 »
According to a recent press report Oriental Bank of Commerce (OBC) has planned to achieve a growth rate of 30 per cent in value terms during the current fiscal its small and medium enterprises (SME) portfolio. The growth in advances to the small and medium enterprises segment in the year 2009-10 was to the tune… Read More »
According to a recent press report Indian Bank has announced seven per cent increase in net profit to Rs 439 crore in the fourth quarter of 2010-11.The bank had recorded Rs 410 crore profit for the same period last year. The board of directors has recommended a dividend of 75 per cent which is Rs… Read More »