First of all let us see what the core difference between public sector bank and a private sector banks is. Public sector banks are those which are operated by govt. bodies and the employees get salaries from the government funds. Private sector banks are the banks which are controlled by the private lenders with the… Read More »
Term loan are loans offered by banks and financial institutions to borrowers who will have to repay the amount in a specific repayment schedule with floating interest rates. Term loans are generally offered for businesses. Term loans are borrowed for the operations of small business units; it is not a personal loan. The loan amount… Read More »
Savings Bank Accounts are meant to promote the habit of saving among the citizens while allowing them to use their funds when required. The main advantage of Savings Bank Account is its high liquidity and safety. On top of that Savings Bank Account earns moderate interest. Savings Bank Account can be opened in the name… Read More »
Today there are a lot of technological advancements in our country. The technological development has reduced the burden of people, where it has replaced manual work by computers in every place. Computers have become very efficient in managing work. Each and every sector is dependent on the computers to get work done easily and efficiently.… Read More »
Marriage is one of the most important occasions in one’s life especially in countries like India where the celebrations keep going for nearly a week. Marriages involve a lot of expenses and it is in fact prestigious issue that makes it more expensive. Marriage loans have become one of the most popular personal loan available… Read More »
A recent report 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… Read More »
The country we live in is rich in culture and heritage. ‘Every person has his own way of celebrating festivals according to his own culture and practices’, is what exists in writing. But the ultimate truth is that, the level of celebrations at any point of time is completely dependent on the weight of a… Read More »
Bank of Maharashtra has planned to focus more on farm lending. According to recent reports the bank has planned to grow its business by 22 per cent in the current financial year. It has decided to offer loan to retail, small and medium enterprises, agriculture and mid-sized corporate and grow low-cost current account and savings bank… Read More »
Recent press reports said that Corporation Bank is expecting its credit growth and deposits to expand by 25 per cent and 22 per cent respectively, in the year2011-12. Mr. Ramnath Pradeep, Chairman and Managing Director of corporation bank spoke to the press about the bank’s expectation on the credit growth and the deposits in the… Read More »
The cash surrender value is the amount of cash a policyholder gets from the life insurance company if he/she actually surrender/cancel a life insurance policy before its maturity or becomes payable by death . This amount is net of any surrender charges and outstanding policy loans and interest thereon. The cash value of the policy… Read More »