October 8th, 2011 
Ziaulla Namani This festive season even the banks, like the electronics retail stores, are offering discounts on home loans.
Below are some of the schemes on home loan offered by the banks,
Dual rate scheme
Dual rate scheme fixes the interest rate for first few years and then changes it to the prevailing interest rate.
Posted in Personal Finance 
Tags: Bank Of India, Basis Points, Bps, Dena Bank, Dual Rate, Festive Season, First Few Years, HDFC, home loans, Icici Bank, Increase In Salary, Instalment Scheme, Loan Borrowers, Loan Scheme, Prime Example, Punjab National Bank, Rate Scheme, SBI, State Bank, State Bank Of India 
Comments Off September 29th, 2011 Malvika India’s food inflation rose to 9.13 percent for the week ended September 17 as compared to 8.84 percent in the previous week as prices of vegetables and pulses remained on the higher side, official data showed on Thursday.
Posted in india, News Tags: Annual Inflation Rate, Articles Index, Bank Of India, Basis Points, Bottlenecks, Double Digits, Exercise, Food Articles, India Food, India S Food, Industry Ministry, Inflation Rise, Monetary Policy, Nbsp, Pulses, RBI, Reserve Bank of India, September 17, Vegetables, Wholesale, Wholesale Price Index Comments Off September 22nd, 2011 Ziaulla Namani In order to minimise fraud cases and ensure security of transactions, the Reserve Bank of India (RBI) today asked banks to implement various safety measures related to credit card and debit card usage over a period of next two years.
Posted in india, News Tags: Apex Bank, Bank Of India, Card Safety, Credit Debit Cards, Debit Card Transactions, Delivery Channels, Enablement, Fraud Cases, Fraud Risk Management, Frauds, Imperative Need, Magnetic Strip Cards, Mastercard Visa, Payment Infrastructure, Reserve Bank of India, Risk Management Practices, Safety Measures, Technical Perspective, Technology Infrastructure, Timeframe Comments Off September 16th, 2011 Ziaulla Namani According to the ENS Economic bureau, The Reserve Bank of India on Thursday announced several relaxations in the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000, which will benefit resident and non-resident Indians (NRIs).
Posted in india Tags: Bank Accounts, Bank Of India, Calendar Year, Convertible Debentures, Currency Accounts, Economic Bureau, Eefc, Foreign Currency, Foreign Exchange Management, Life Time, Non Residents, nri, Person Resident, Power Of Attorney, RBI, Reserve Bank of India, Resident Individuals, Rupee Equivalent, Survivor, Transferor Comments Off August 28th, 2011 Ziaulla Namani The business moods of Indian Businessmen are low and their confidence has hit two year low.
The has happened due to the slump in the Indian stock market, rising cost of capital due to aggressive monetary tightening by the Central Bank of India, the RBI.
Posted in india, News Tags: 1 Crore, Bank Of India, Business Confidence, Business Survey, Central Bank Of India, Chambers Of Commerce, Chambers Of Commerce And Industry, Confidence Level, Contractionary Monetary Policy, Corporate India, Domestic Developments, Eurozone Countries, Fiscal Crisis, India Business, Indian Business, Indian Businessmen, Indian Chambers Of Commerce, Indian Stock Market, Rs 250, World Economy Comments Off August 25th, 2011 Ziaulla Namani As per the PTI report, The Reserve Bank of India (RBI) today said the country’s economic growth could moderate to 8 per cent during the current fiscal from 8.5 per cent recorded an year ago due to unfavourable developments.
Posted in india, News Tags: Bank Of India, Commodity Price, Commodity Prices, Domestic Economic Situation, Farm Sector, Gdp Growth, Government Consumption Expenditures, Growth Projection, Growth Prospects, Inflationary Pressures, Input Costs, Price Inflation, Private Consumption, Project Execution, Pti Report, Public Investments, Real Gdp, Reserve Bank of India, Sector Growth, South West Monsoon Comments Off August 18th, 2011 Ziaulla Namani As per the report in Financial Express, the finance ministry is planning to bar industrial houses conducting business in four sectors, including real estate, from seeking banking licences.
Posted in india, News Tags: Adag, Bank Of India, Birla Group, Corporates, Crore, Draft Guidelines, Fdi, Finance Minister, Finance Ministry, Financial Express, Foreign Direct Investment, Including Real Estate, Indian Express, Industrial Houses, Pranab Mukherjee, Promoters, RBI, Reserve Bank of India, Rs 500, Tatas Comments Off August 14th, 2011 Ziaulla Namani Weak markets, the global debt crisis and surging interest rates will cripple Indian companies’ ability to raise funds and manage borrowings and could worsen banks’ credit quality.
Posted in india Tags: Bad Debts, Bank Index, Bank Of America, Bank Of India, Borrowings, Credit Quality, Crisil, Downgrades, Global Debt Crisis, Icici Bank, Interest Rate Environment, Loan Repayment, Merrill Lynch, Quality State, State Bank, State Bank Of India, Stocks Fall, Telecom Tower, Union Bank, Union Bank Of India Comments Off June 29th, 2011 Ziaulla Namani As per the PTI report, India’s per capita income could touch USD 10,000 by 2039, up from USD 1,000 at present, if sustained economic growth of over 8% is maintained for the next 25 years, the country’s Chief Economic Advisor Kaushik Basu said.
Posted in india, News Tags: Bank Of India, Commodity Prices, Crude Oil Prices, Financial Partnership, Gdp Growth, Global Commodity, Growth Momentum, Indian Economy, Indian Finance Minister, Inflationary Expectations, Investment Destination, Kaushik Basu, Level Delegation, Per Capita Income Of India, Pranab Mukherjee, Pti Report, Reserve Bank of India, Side Constraints, Sustained Economic Growth, Term Macro Comments Off June 17th, 2011 Ziaulla Namani The loan amount on home and auto is se to rise as the Reserve bank of India has raised its benchmark rates by 0.25 percent to 7.50 percent.
Posted in News Tags: Auto Loans, Bank Of India, Benchmark Rates, Chanda Kochhar, Cmd, Hard Time, Home Auto, Inflation, Inspite, Installments, Last November, Liquidity, Loan Borrowers, Mv, Nair, Rate Hike, Rate Hikes, Reserve Bank of India, Tenth Time, Union Bank Comments Off June 9th, 2011 Ziaulla Namani As per ‘The Hindubusinessline’, India’s top three urban co-operative banks — Saraswat Co-operative Bank, Cosmos Co-operative Bank and Shamrao Vithal Co-operative Bank — may soon spread their wings across the country and give private sector banks tough competition.
Posted in india Tags: Bank Of India, Business Deposits, Co Operative Bank, Cosmos Bank, Crore, Eknath, Hindubusinessline, India Bank, Karnataka, Madhya Pradesh, Private Sector Banks, Reserve Bank of India, Rs 50, Rs 500, Saraswat Bank, Target, Thakur, Ucbs, Urban Co, Vithal Comments Off June 6th, 2011 Ziaulla Namani A leading global accounting and consultancy firm Price Water Cooper (PwC) conducted a survey on banking and the result of the survey says that India is poised to become the third-largest domestic banking sector by 2050 after China and the US.
Posted in News Tags: 18th Century, Age Population, Bank Of India, Banking In India, Banking Industry, Banking Sector, Bisht, E7, Emerging Economies, Financial Crisis, G7 Countries, Global Banking, Hindustan, Japan Germany, Population Growth, Price Water Cooper, Pricewaterhouse Coopers, Pwc, Uk France, Western Europe Comments Off May 30th, 2011 Ziaulla Namani According to the report appearing in ‘Economic Times’ many foreign investors and private equity funds putting money in Indian firms will soon discover that pulling it out of the country can be a lot tougher than they imagined.
Posted in News Tags: Bank Of India, Convertible Bonds, Convertible Debentures, Economic Times, Equity Investment, Foreign Debt, Foreign Direct Investment, Foreign Direct Investments, Foreign Investors, Foreign Partners, Fund Flows, Indian Insurance Companies, Initial Public Offering, Investment Bankers, Logistics Company, Offshore Investor, Preference Shares, Private Equity Funds, Reserve Bank of India, Stringent Rules Comments Off April 30th, 2011 Ziaulla Namani Financial lenders like State bank of India, ICICI, HDFC and Citibank, who failed to comply with RBI instruction of selling derivative products were fined heavily to the tune of 1.95 crore by the country’s Reserve bank.
Posted in News Tags: Axis Bank, Bank Of India, Barclays Bank, Bnp Paribas, Deutsche Bank Ag, Due Diligence, Financial Lenders, Futures Options, Hdfc Bank, Ing Vysya Bank, Jp Morgan Chase, Jp Morgan Chase Bank, Kotak Mahindra Bank, Kotak Mahindra Bank Ltd, Morgan Chase Bank, Risk Management Policies, Royal Bank Of Scotland, Shanghai Banking Corporation, Standard Chartered Bank, State Bank Of India Comments Off
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Deregulation of the interest rate on savings bank accounts
As per the PTI news, Reserve Bank of India (RBI) said that deregulation of the interest rate on savings bank accounts would benefit savers. RBI believes that it would enable lenders to come out with innovative products to attract more funds from low income households.
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