There are people who have a lot of money, but don’t know how to invest or deposit it wisely. They just leave it in the bank as dead asset. Sometimes they trust their friends or relatives and invest in some foolish schemes. These schemes may or may not give them returns. This is where the Wealth Management Services come in.
Posts Tagged ‘State Bank Of India’
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Best Banks in India – Career Wise
Posted by Tushar Mathur on March 13th, 2010
Indian Banking Sector
In India Banking is still in the developing stage. A big part of it is under the control of the states. India’s largest bank, The State Bank of India, is very small compared to the globally large Citibank. According to The Banker magazine, SBI is only one tenth of Citibank, which is a sister concern of Citigroup in the USA. The next biggest bank in India is ICICI, which is only half the size of that.
Slowly banks are raising fixed deposit rates
Posted by Tushar Mathur on February 26th, 2010
In the coming months fixed deposit can again be a good investment option as the deposit rates are on their way up.
Banks report surge in Casa ratio as against fixed deposits
Posted by Tushar Mathur on February 4th, 2010
In the past few months term deposit rates have lost sheen as banks have reduced rates. Now people prefer to park their money in current account savings accounts (Casa) rather than investing their money in fixed deposits for longer duration.
Banks low-cost deposits share drop to a 10-year low
Posted by Tushar Mathur on December 28th, 2009
In the recent times group of pubic sector banks has witnessed drop in their low-cost deposits, the drop is a 10-year low While individuals are preferring bulk deposits and more are depositing more money in fixed deposits, which offered higher interests a year ago.
Also, the opening of customer-savvy private sector banks is responsible for bringing down investments in low-cost deposits (savings and current account balances) at public sector banks.
This year public sector banks, savings and current account balances accounted to 31 per cent of their total deposits, which was 34 per cent in 1999 and was at peak of 38 per cent in 2066, as per the study conducted by Indian unit of London-based investment banking group, Noble.
But among the public sector banks there have been some of the exceptional banks like State Bank of India (SBI) and Bank of Baroda (BoB).
