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State Bank of India (SBI), the country’s largest lender, reported a net profit of Rs 2,810 crore for the quarter ended September 30, a 12 % rise compared with the Rs 2,501-crore net profit in the year-ago period. Pratip ChaudhuriThough the banking behemoth reported a growth in profit after two quarters, investors were not impressed, […]
If your friend borrowed cash from you and promised to repay on a certain date. Now, the time arrives and then he fails to pay, what will you need to do? Will you not likely tell him of his duty? Or perhaps, are you wealthy enough to mind his personal debt and end up forgetting […]
The National Housing Bank (NHB) will set up a loan guarantee fund of Rs 1,200 crore for the urban poor. The broad contours of this proposal announced during the Budget 2011-12 guarantees housing loans up to Rs 5 lakh for the urban poor in metros and other cities. “The scheme (which will not cover the […]
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