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Posts Tagged ‘SBI’

India Co. loss over Rs 28,000 crore

Seven of the top 10 Indian companies have lost more than Rs 28,000 crore in their market capitalisation in just a week’s time, and Coal India was the hardest hit with a loss of over Rs 7,000 crore.

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PSBs extend home loan tenor upto 30 yrs

Fearing credit turning bad assets in the wake of high interest rates, a number of state-run banks, led by SBI, have decided to raise home loan tenors to 25-30 years or till the borrower touches 70 –well past their working age.

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Discounts on the home loan this season

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.

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Affordable housing loan cell by SBI

As per the PTI news the country’s largest lender State Bank of India, SBI on Tuesday inaugurated its first ‘affordable housing loan’ cell in Mumbai, which will provide a platform for its customers to interact with the bank.

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Tata, the best Indian brand

In today’s market scenario customer is the king. He has a choice of selecting a product, brand from multiple choices available.

In order to win the consumer companies and brands are going out of the way to convince them.

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Six of top-10 firms lose over Rs 42,000 crore this week

Press Trust of India has reported that the combined market capitalisation (m-cap) of six of the country’s top-10 firms went down by Rs 42,791 crore during the past week, with two of the country’s top lenders, SBI and ICICI Bank, bearing the maximum loss.

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Indian investors wealth eroded by Rs 1.6 lakh crore as market goes downward

According to the report by the Press Trust of India (PTI), due to the poor industrial growth and negative global cues, Indian investors in the stock market saw their wealth eroded by 1.6 lakh crore.

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Bounced cheque may lead to the closure of your bank account

Take extra caution before writing a cheque. Country’s largest money lender State Bank of India (SBI), is planning to close the account of those customers who release a cheque without adequate fund in their account.

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Rs. 1 crore to open an account with SBI

After extending the service to urban middle class and rural poor State Bank of India (SBI) is now aggressively targeting the millionaires of the country.

This move by the bank is to shed its PSU image.

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Cheaper loan rates to woo customers this festive seasons

PSUs are planning to attract customers by offering them loans at a cheaper interest rate.

In order to increase the customer in their loan registers banks are planning to woo individuals with cheaper loans even as interest rates are on the rise.

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Loans to get costlier as PSU’s increased their base lending rate

State Bank of India (SBI), the country’s largest banking player on Monday beefed up its benchmark lending rate by 50 basis points to 12.25%.

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Slowly banks are raising fixed deposit rates

In the coming months fixed deposit can again be a good investment option as the deposit rates are on their way up. But the things will get better in fiscal 2010-11.

Last week HDFC Bank had raised its deposit rates by 25-150 basis points (one basis point equals one-hundredth of 1%) across various terms.

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Artbitrage funds have a greater scope in 2009

If you are interested in investing in equities but fear the market volatility, the smartest way will be to invest in arbitrage funds. These mutual funds are the best performing funds among the equity category in 2008.

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