Recent reports said that 26.4 per cent of the country’s internet users have visited an online property of a bank in March. According to audience measurement platform ViziSense, out of the seven crore internet users in the country, 1.85 crore have visited an online property of a bank in March. Reports said that the growth… Read More »
State-run banks will take a strike of Rs 4,000 crore this financial year with the banking regulator directing these lenders to provide for the pension liabilities of their retired staffs in the balance sheet for ‘10-11. This is step is likely going to reflect on the profitability of the banks. Banks have asked for the… Read More »
Chennai-based public sector bank, IOB do not plan to raise their base rate immediately. Mr. M. Narendra, Chairman and Managing Director, Indian Overseas Bank, told the press that the bank will take a decision on raising its base rate seeing the move from other public sector players after the Monitory Policy Revision which is expected… Read More »
It’s always nice to take a leave from our regular work and spend time with the family and friends on a vacation. It is not an easy task to plan for a travel during vacation, the expenses involved is very huge these days. The banks in our country offer travel loans which meet travel expenses… Read More »
Recent reports said that Indian bank has planned to grow in its total business by 24 per cent that is Rs. 2, 25,000 crore in the current fiscal. The growth is expected to include Rs. 1, 00,000 crore of advances in 2011-12 and the total business which stood at Rs.1, 82, 000 crore. The bank… Read More »
What are bad debts? Most of us would have come across this term at some point of time. Bad debt literally refers to the debt or the money owed by someone which has lesser or no chance of being recovered. This term is mostly found on the balance sheets of companies and banks. In companies… Read More »
Balance sheets form a fundamental documentation of an individual, company, non profit organization or government department or agency showing the current financial condition of the entity. It includes a glimpse into the assets and liabilities of the entity. A balance sheet therefore gives a picture of the net worth of an entity. Balance sheets generally… Read More »
In the background of the earthquake and tsunami in Japan, nuclear reactors have become a heated topic of discussion. Unaffected by the panic created by the nuclear radiation hazard that threatened Japan, India is likely to go ahead with its nuclear plans. Nuclear Power Corporation (NPCIL), the country’s sole nuclear utility, has approached a leading… Read More »
IndusInd Bank has tied up with a housing finance company (HFC) to originate and distribute mortgages for a fee. Under this agreement, the borrowers would be customers of the bank while being in the books of HFC. Currently, home and personal loan together account for just Rs 227 crore (1 per cent of book worth… Read More »
Loan value is the highest amount of credit/loan that a lender/bank is willing to give based on the value and nature of the asset that is used to secure the loan. The assessment of loan is the first step to granting of any kind of secured loan, including a mortgage loan where the pledged property… Read More »