Small bank licensee, Ujjivan Financial Services Ltd, plans to open 100 bank branches in order to meet the regulatory norms of a small bank license. Ujjivan’s Rs 885-crore IPO was fully subscribed by 122% on May 2, the last day of its public issue. Although the RBI regulations require Ujjivan to have at least 25% […]
State Bank of India (SBI), the largest public sector bank in India, is expected to initiate a merger with its 5 associate banks in accordance with the instructions of the government. This step would be in line with the Indian government’s efforts to implement consolidation among state-owned lending institutions such as SBI and its associates. […]
Toyota Kirloskar Motor Pvt. Ltd. (Toyota), the India-based subsidiary of Toyota Motor Corporation of Japan, is all set to launch its new Toyota Innova Crysta in the first week of May. Though the official unveiling of the vehicle hasn’t occurred as of yet, a number of images and details of the new vehicle are available […]
A financial goal that transcends all regions and communities is that of owning a home. Once the required financial planning is done and necessary savings accumulated, the next question is whether to buy an apartment or an independent house.
The other day Mr. Sharma, the general manager in a private company, reached for his wallet and realised that he had lost it. His wallet contained credit cards from three different banks and two debit cards. A methodical approach after this would have been to call up each bank and report about the missing cards. […]
Out of the various offers available on a credit card,, one of the most interesting is the equated monthly installment (EMI) option for big ticket expenses you are unable to pay off immediately. The following are some key factors you need to consider before opting for an EMI conversion on your credit card debt. WHAT […]
As per data recorded during the January to March 2016 period, the Indian automobile market has witnessed robust growth despite restrictions on sale of high engine capacity diesel vehicles. During the study period, utility vehicle sales witnessed an increased by 12.7% to reach the 213,000 units mark as per data published by SIAM (Society of […]
Royal Bank of Scotland (RBS) has decided to close its corporate banking operations in India as a part of Chief Executive Ross McEwan's plan to limit RBS operations to 13 out of the present 38 countries. The decision to wind down its Indian units comes after its failure to find a buyer due to the stringent […]
With the continued decline in the value of the rupee vs. the US dollar and a substantial increase in tuition fees at overseas institutions, the education loan requirements of Indian students have witnessed a noticeable increase in recent times. According to data provided by education loan providers in India, the loan requirement of students interested […]
DCB Bank has become the first domestic bank in India to provide biometric-based ATM services that won’t require people to enter their debit card PINs. The bank has installed an Aadhaar-based ATM at its corporate office in Lower Parel Area of Mumbai. It will test the new technology at its pilot ATM for more than […]
