It was a typical Sunday afternoon. It took some time for Nidhi to soak in the ambience of the lounge bar that she was visiting after months. She was still furious at the cab driver, who had taken a circuitous route to the place so that he could charge her more. Her friend Renu, who… Read More »
Are you overprotective about your funds? Or, are you eyeballing an excellent diversification tool for your relatively riskier portfolio? Then Fixed Income schemes are the best investment option for you. Fixed income schemes are those that help an investor to earn pre-defined returns within pre-defined time frame. These kind of investments are apt for those… Read More »
A recent press report said that the Finance Ministry would make discussions on the modalities and ways for the capitalization of financial institutions including banks. The Department of Financial services have formed a committee which is expected to make a presentation of the issues involved in capitalization of financial institutions. The secretaries of the Department… Read More »
According to a recent press report the Reserve Bank of India’s quarterly data, has said that SBI group’s share in deposits fell to 21.6 per cent in March 2011 from 22.5 per cent at the end of 2010. Government-owned banks improved their share in deposits from 51.9 per cent to 53 per cent. Reports said… Read More »
A recent press report said that Oriental Bank of Commerce (OBC) has entered the credit card segment through a tie-up with SBI Cards. The co-branded credit cards, will be both magnetic stripe and chip-based. The cards are to be launched out through OBC branches around Diwali. Reports said that the bank is one of the… Read More »
A recent press report said that State Bank of India (SBI), Ukhrul Branch located inside 17th Assam Riffles Campus Somsai, has distributed nine ceiling fans to Ukhrul Model High School under the hospitality theme “Community Services of Banking” by the SBI Bank Manager Mr. R. K. Tiken Singh in a simple function held at Model… Read More »
A recent press report said that State Bank of India has announced a special car loan scheme which will provide credit at attractive interest rate. The new car loan product will charge Rs 1,700 as EMI on a loan of Rs 1 lakh, at an interest rate of 11.5 per cent per annum. If someone… Read More »
A recent press report said that State Bank of India (SBI) has said that lending rates would continue to stay upward in the wake of growing inflation. Mr. Pratip Chaudhuri, Chairman, SBI told the press that the interest rates are likely to remain high because of the high inflation. He said that the Reserve Bank… Read More »
A recent report said that State Bank of India (SBI) has planned to raise overseas debt of $5 billion this fiscal through the medium term note (MTN) route. Mr. Pratip Chaudhuri, Chairman, SBI, said that the timing and the number of tranches for the fund-raising will be based mainly on the on credit growth in… Read More »
A recent press report said that Bank managements have set aggressive goals for their branches to sell equity schemes with systematic investment plans (SIPs) that could restore the drooping riches of the mutual fund industry. Reports said that SBI, the country’s largest lender has planned to sell 25 lakh SIP units this financial year ending… Read More »