ArticleField.comInternet's Fastest Growing Free Content Article DirectoryHigher savings bank rates are good. But look at other factors like transaction costs, post-tax returns. Within a week of the Reserve Bank of India deregulating savings bank rate, banks have begun announcing higher interest rates for their savings bank accounts (SB). YES Bank raised its rate by 200 basis points (bps) to six per […]
ICICI Bank Ltd., India’s largest private-sector lender by assets, Monday exceeded market expectations with a 22% jump in second-quarter standalone net profit as its loan portfolio grew and it benefited from a sharp decline in provisions. Net profit for the July-September period rose to 15.03 billion rupees ($307.5 million) from 12.36 billion rupees a year […]
Home loans rates in India have risen 12-13 times in last two years. This has been done by policy followed by Rbi to ensure Inflation comes down. Rbi doesn’t directly increase rates but with policy matters ensures that Banks doesnt have much liquidity and thus increasing rates is only option for the Home loan banks. […]
The Union cabinet today approved a 1 per cent interest subsidy on new home loans up to Rs 15 lakh if the cost of the house does not exceed Rs 25 lakh. According to government sources, about 30 % of home loans fall in this bracket. The scheme had been announced in the budget as […]
Financial Planning is coming up in a big way, in Banking, Insurance and Financial sectors. Financial Planning is the process of meeting an individual’s life goals through the proper management of his finances. Life goals can include creating wealth, buying a house, going for vacations, saving for a child’s education or planning for retirement. Individuals, […]
