SBI to gain most from lower necessities

The relaxation in norms for provision of bad loans will help commercial banks in India. Banking regulator RBI has said that banks need not maintain a 70% provision coverage ratio beyond September 2010 on an ongoing basis. According to RBI, for incremental NPAs (non-performing assets), banks can now revert to the old practice of staggered […]

How to pay when travelling abroad

Sheldon Concessio is travelling to Luxemburg this June and spending two months there. According to the Reserve Bank of India guidelines, one can carry around Rs 2 lakh cash on a foreign trip in one financial year. But Concessio may need more money and wants to know the options available. Ravi Menon, head-foreign exchange, Cox […]

HDFC Bank release its 2000th branch

Oldest snobbish facet container to opened effect in Mangaliya Sadak close Indore HDFC Repository, India’s  ordinal maximal non-public sector reserve, inaugurated its landmark 2000th effect at Mangaliya Sadak in Madhya Pradesh. Mr. Bharat Sovereign, Meet Lead, HDFC Stockpile inaugurated the diverge. Mangaliya Sadak is a village close Indore, and is a rich farming order in […]

Tax issues with owning more than one property

This article idea triggered from a simple query — how many properties a person can own? On the face of it, the answer is even simpler — as many as you want. There are no restrictions on the number of properties you can own either under the general laws or under the income tax laws. […]

Interest rates on loans may mount further, but not on FDs

Customers should support for higher interest rates on loans they take but not on their fixed deposits, say bankers. The Reserve Bank of India (RBI) is all set to walk reference portion rates by at minimal 25 ground points in the yearbook monetary policy accounting on May 3 to mastery elated inflation. This will promote […]