Think small for Buying a New Car

Buying a car is perhaps the first big ‘buy’ for most of us. And to make a well-informed decision, we need to work out the logistics of car ownership in its entirety, and not just limit it to the cost of the car. Apart from the EMIs (equated monthly instalments) on your car loans, there’s […]

RBI never understood teaser loans: OP Bhatt

Outgoing State Bank of India (SBI) chairman Om Prakash Bhatt continued his defiance of the central bank on the teaser loan front saying “The Reserve Bank of India (RBI) never understood our special home loan product. “Obviously, they (RBI) have not understood our product (the special SBI home loan product),” Bhatt, who is superannuating on […]

Axis Bank opens Six more branches in Mumbai by March 31

Private sector Axis Bank plans to launch six additional branches in Mumbai making it total number of branches in Maharashtra to 181 by March 31. These branches, located in the Mumbai Circle, also include branches in Navi Mumbai and Turbhe. Aims and Plans: Axis Bank plans to take its products and services into the farthest […]

Special home loan plan Continues: SBI

The Reserve Bank of India and State Bank of India may still be arguing on whether the fixed-cum-floating rate home loans should be termed ‘teaser’ or ‘terraced’. But small borrowers such as Kamlesh, a nurse in a government hospital, say that they couldn’t have asked for a better deal at a time when rates are […]

In times of inflation, make a beeline for fixed deposits

Spiralling inflation, rising interest rates, a flat stock market and falling bond prices – this has largely been the scenario in the country over the past six months or so. The Reserve Bank of India (RBI) has been in-creasing the key interest rates gradually quarter after quarter and it appears that some more hikes cannot […]