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Written by Site Administrator
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Tuesday, 13 October 2009 09:48 |
HDFC Bank posted 24.28% for the quarter ending September 2009. Their net profit projections are at 663.94 crores. Housing Development Finance Corporation Ltd is India’s largest home loan provider. HDFC Shares closed up 2.41 per cent over previous close at Rs 2758.30.
HDFC has plans to partner with Post Office to increase its market presence in the microfinance segment. Discussions are currently on between both parties to work out an action plan.
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Written by Site Administrator
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Monday, 12 October 2009 09:31 |
Starting Oct 15, you can withdraw money from third party ATMs only 5 times a month, each transaction not exceeding Rs. 10,000. You will charged a nominal fee for every withdrawal from your sixth transaction onwards. Third party ATMs are ATMs of banks other than tbe banks in which you hold your savings account.
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Written by Site Administrator
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Thursday, 08 October 2009 09:51 |
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The deputy governor of RBI, Mr.K.C.Chakrabarty, speaking at a seminar organized by ICICI Bank has said that they are not really worried about the strengthening of the Rupee against the dollar. However, the volatility of the rupee is a cause for concern. This does indicate a positive sign about the growth of rupee from the officials at RBI. This assertion from the deputy governor makes it clear about it even as HDFC Bank in its FX Research report expressed surprise at the growth of rupee in recent times. |
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Last Updated on Monday, 12 October 2009 09:47 |
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Written by Site Administrator
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Thursday, 08 October 2009 09:33 |
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Reports are coming in that the Reserve Bank of India may hike interest rates keeping in view the inflationary pressure and the rising prices. In the fourth quarter of the current fiscal, that is, January to Aprial 2010, the interest rates may be hiked by 0.5 percent say experts from the Financial sector. Mr. Parekh, the Chairman, speaking at a forum mentoned that the lowering of interest rates earlier this fiscal has resulted in the growth of Home loan approvals at the rate of 30% during July-September and that there is enough surplus with the commercial real estate developers at this point. So, those who have homw loans running on their sweet homes must keep their fingers crossed. For those who are trying to buy a new house on loan, hurry up or you will end up paying more. |
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Written by Site Administrator
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Wednesday, 07 October 2009 11:38 |
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The Banker Magazine, at the 9th annual Banker awards in London awarded State Bank of India the “Best Banker of the Year 2008.” The Chairman of SBI, Mr. O.P.Bhatt was present at the awards ceremony to collect the award on behalf of the bank.
Based on sound research and analysis of performance, sustainability, financials and many other criteria, SBI has emerged to be the topmost in India.
SBI, incidentally, is also the largest bank in India with a wide reach and penetration into the most rural areas of the country.
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