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Invest small sections in NCDs and company deposits

With the increasing interest rates, returns from non-convertible debentures (NCDs) and corporate fixed deposit are on the rise. In fact, some of these are elevated than bank fixed deposits. Industry players say Shriram Transport Finance, Shriram City Union Finance, Manappuram General Finance and Muthoot Fincorp plan to begin NCDs in the coming months. Frequently, the […]

Don’t let lack of funds impede your future

How to get the loan You would need to submit a few documents and also place for the margin money. Documentation: Beside the education loan form, you will need to attach certain documents. The mark sheet of the last qualifying examination along with proof of admission to the new institution and details of scholarship, if […]

Bank of India increased deposit rate by up to 2.5%

State-owned Bank of India (BoI) on Tuesday increased fixed deposit rates on various maturities by up to 2.5%. For fixed deposit with a tenor between 15-30 days, the new interest rate will be 4.50% against the existing 2.75%, while 46-90 days fixed deposits will attract an interest rate of 5.50%, an increase of 150 basis […]

SBI focuses on investor confidence after Q4 earnings

State Bank of India (SBI) will mitigate risk on its agriculture portfolio by buying insurance cover for all crop loans. The nation’s largest lender, which had almost doubled bad assets in farm loans in fiscal 2011, will link the crop loans to crop insurance. “Delinquencies will be in crop failure. In that case, crop insurance […]

Credit card operations of SBI show good results

State Bank of India has seen an improvement in performance of its credit card segment in the fiscal last ended. After long years of losses, the credit card segment of the bank has finally borne profits and that too at a time when results have been coming negative from all segments of the bank. The […]