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 »
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 the loan requirements of large corporates are growing faster than the ability of large banks to raise capital. Corporates including Reliance Industries, HDFC, Bhel and Indian Oil, are hitting the credit limits of various banks. Reports said that banks lending to individual entities are limited by single borrower exposure… Read More »
A recent press report said that ING Vysya Bank has revised its base rate by 0.25 per cent. The bank has hiked its base rate to 10.45 per cent as against the current rate of 10.20 per cent per annum. The bank has announced that the revised rate will be applicable to all existing loans… Read More »
A recent press report said that Banks’ discrimination of retail borrowers will reduce penal charges under many excuses which improve banks’ profits if the Reserve Bank of India implements the recommendations of a committee on customer service in banks. Reports also said that the retail depositors do not have to stuff their money under the… Read More »
A recent press report said that Catholic Syrian Bank has passed special resolutions seeking shareholders’ approvals for increasing the bank’s share capital by issuing equity shares on preferential basis and/or through private placement mode. Reports said that the AGM also passed a resolution for increasing the FII limit up to 49 per cent of the… Read More »
A recent press report said that YES Bank has signed a memorandum of understanding with the Indian Army for the YES Vijay Salary Account, which has been designed exclusively to meet the needs of the Army personnel. Reports said that the agreement has been signed by Dr Rana Kapoor, Founder, Managing Director & CEO, YES… Read More »
A recent press report said that YES Bank and Malayan Banking Berhad (Maybank), a Malaysian bank has entered into an agreement to collaborate on cross-border investment banking advisory, corporate banking, trade finance, remittance and other allied services. Dr Rana Kapoor, Founder, Managing Director and CEO, YES Bank, said that the banks tie up with Maybank… Read More »
Edelweiss Housing Finance Ltd is likely to introduce a home loan without having to liquidate your lifetime savings for the down payment. According to reports, if a person wants to buy a property worth Rs one crore, then instead of liquidating your investments to make the down payment of Rs 20 lakh you can give… Read More »
A recent press report said that State Bank of India (SBI) has extended 25 basis point concessional home loan schemes till December this year. Reports said that as per the scheme, SBI offers 25 bps discounts on interest rates on its card rate across the tenor of a floating home loan. The scheme was open… Read More »