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As per reports, Mahindra Finance is ready to roll out its mutual fund biz. According to Ramesh Iyer, managing director, the non-banking finance division of the $11.1-billion Mahindra Group is looking for in-principal nod from the securities market watchdog Securities Exchange Board of India (SEBI) and it should come by August 2011. Mr. Ramesh said, […]

1. Constrict Up Your Credit The terms of your Car loan are based on your credit score. If you have perfect credit, you receive the lowest possible interest rate. If you don’t, you have to pay more because of your questionable repayment history. If you have problems with your credit and you don’t need to […]

However, there is no tax benefit available on a pure property loan. But some benefits may be available in future, depending on when you complete the construction of the property, besides it will also depend on whether property is for self residence or renting out. I want to buy a plot for Rs8 lakh. What […]

The National Housing Bank (NHB) has increased standard assets provisioning on retail home loans from 0.1% to 0.4% that will impact the earnings of housing finance companies. This was indicated by NHB executive director RV Verma, who was speaking on the sidelines of a seminar on inclusive growth by Skoch. He said NHB has not […]

Fixed income investors are constantly in search of products that offer them higher interest rates. With interest rates inching up, fixed deposit and bonds have caught their concentration. And guess what? They really have a lot to choose from these days. Apart from the traditionally safe bank fixed deposits, today, there are company fixed deposits […]