Irda's new guidelines for pension plans guarantee returns, but the rate is too low to beat inflation
A senior bank official said the preliminary report would come in three months.
Sebi has said the MF cannot use the money in the unit capital account.
The firm is looking to raise as much as Rs 1,000 crore through short-term commercial paper.
The scaling down of the branch expansion plan is part of SBI's overall game plan to check costs.
Buying a second-hand car has become hassle-free, courtesy the presence of corporate players like Maruti Suzuki's True Value and Mahindra and Mahindra's First Choice.
With the Indian Premier League (IPL) story getting murkier, investigative agencies have cast their net wide to include banks. The idea is to dig out information about their financial exposure to the 10 IPL franchisees.
Banks might reject your loan application if you defaulted on your telephone or electricity bill, soon.
For instance, in the last quarter of the previous financial year, Emaar MGF sold 650 flats, priced at Rs 48-80 lakhs (Rs 4.8-8 million), in its Gurgaon project within a day of launch.
With the economic turnaround now on a firm wicket, the Reserve Bank of India has made restructuring of debt by companies tougher.
A number of public sector banks will have to stock up on core capital, if the Reserve Bank of India decides to ask banks to leave out hybrid instruments while computing Tier-I capital adequacy, as indicated by RBI last week.
Savings bank account holders are a happier lot. The reason: They will earn more on their deposits from April. However, this isn't good news for banks, as their margins will come under pressure
With the government raising the gratuity limit, it makes sense to negotiate for a higher basic salary to ensure a better payout.
On the Budget day, when the Finance Minister reads through reams of paper, the common man is often left confused. Worse still, there are a whole lot of numbers and jargons like capital account expenditure and current account deficit that could baffle many.
One can equate SIPs to the recurring deposit.
In the past one year, banks have actively beefed up their loan against property portfolio. Post October 2008 credit crunch, bankers looked for products that were secured and Loan against property (Lap) was an obvious choice.
Life insurers are aggressively targeting HNIs. A look at some of the products on offer.
The buoyant foreign capital flows in debt instruments since the beginning of 2010 could weigh on the Reserve Bank of India's decision on whether to raise policy rates.
With the Reserve Bank of India allowing retired teachers, kirana shop owners and public call office (PCO) operators to be hired as business correspondents, banks are set to hire over 200,000 people over the next few years to push financial inclusion initiatives.
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