SBI to submit revised proposal on rights issue in June

State Bank of India (SBI) today said it will submit the revised proposal to the government for Rs 20,000 crore rights issue next month. The bank will file the revised proposal next month, SBI Chairman Pratip Chaudhuri said on the sidelines of an event. The public sector lender is hopeful of a rights issues this […]

No deposit, no rental fee, only an fixed deposit

The surging interest rates on bank deposits have opened up a new scheme for the real estate sector. Departing from the common rent and deposit permutations, landlords in some areas of the city are now demanding only a fixed deposit from the renter as payout for the duration of the lease. The concept came into […]

Barclays Continues to Grow its Money Management Business

Barclays Bank has been very particular about which of its businesses it wants to continue to invest in since the economic downturn. And its recent actions clearly highlight its focus on core retail and commercial banking operations as well as its credit card business – both of which have been intensified in emerging economies like […]

Bring extra tax benefits with Joint Home loan

Joint Home loan helps lift up more finance, bring extra tax benefits – High real estate prices and interest rates on home loans have pushed the so called dream home beyond the reach of many common people. And the floating rate on home loans – now the norm among lenders and which can inflate the […]

The five investment products at the centre of complaints

The Financial Services Authority (FSA) was particularly serious of the fact that many customers caught up in the complaints handling line were older and more vulnerable individuals. Five products were indentifed as being at the centre of complaints prepared by customers. These were: • The cooperative Investment Plan: This used to be called a unit […]