A recent press report said that the Department of Industrial Policy and Promotion has said that the strategy used by the RBI’s to control inflation is wrong. Reports said that the industry department has suggested an alternative to the central bank to control inflation. Reports said that the central bank has raised its policy rates… Read More »
The Mutual Fund industry was just trying to cope up from SEBI’s blow of banning entry loads on mutual funds units, they have been struck with another lightening. Now, RBI (Reserve Bank of India) has come up with a new regulation that banks need to cap their investments in the liquid schemes of mutual funds at 10%… Read More »
This is mostly answered by approaching a Mutual Fund manager. The manager will ask you a dozen questions wherein he will be able to analyze what are your goals and the investment tenure that you are looking for. Depending on that he will pull out a list of Mutual Funds that have performed well in… Read More »
A recent press release from HDFC bank said that the bank, which is the country’s second largest private lender, has entered into a strategic alliance with Diners Club International to offer Diners Club premium credit cards to the country. According to the statement of the bank, HDFC which is already the country’s largest credit card… Read More »
According to a recent press report, Indian overseas Bank has planned to establish another branch in Bangkok. According to Mr. M. Narendra, the Chairman and Managing Director of IOB, the bank has applied to the Reserve Bank of India for its consent to open one more branch in Bangkok. He added that the Thailand authorities… Read More »
A recent press report said that private sector lender YES Bank has planned to give a big booster to its retail banking operations. The bank has planned to add several new products to its retail portfolio in order to enhance its offerings to the customer. Amongst the new product lines to be introduced include Loan… Read More »
A recent press report said that Public sector lender Canara Bank has set up a wholesale branch in Bahrain. The branch will offer services to the Indian corporations operating in the gulf region. The corporates will be offered a wide variety of products and services through the bank’s new branch. Reports said that through this… Read More »
A recent press report said that the tenure of education loans is expected to be increased to 15 years. At present the repayment period for the same has been set at 5 to 7 years. Reports said that the pressure of installments is going to be lightened with the repayment period getting extended. The extension… Read More »
According to a recent press report, industry chamber Ficci has said that SBI’s credit rating downgrade by Moody’s is likely to have far reaching implications on the Indian banking system as bad debts are expected to rise on account of high interest rates. Ficci has said that the slowing growth, high inflation and interest rates,… Read More »
A recent press report said that private sector lender Federal Bank has set plans to expand its business in the coming 2 years span. The lender has planned to increase its branch count by 245. Reports said that with the new addition, the total branch count of the bank would sum up to 755. Mr.… Read More »