State Bank of India (SBI), the country's largest bank, posted a 10.2% year-on-year jump in standalone net profit for the quarter ended September to Rs2,490.04 crore.Growth was driven mainly by a 50.4% growth in non-interest income to Rs3,525.16 crore. Non-interest income includes fee income, trading income, commissions, mark-to-market profit and licence fees.Net interest income (NII), however, rose...
|
are cracking down on payday loan companies because of high interest rates. GetECash says that if you pay your loan back on time, the interest rate is actually lower than bank fees and is much faster. The problem is people often compare the higher interest rate of late payments to regular bank rates.) November 13, 2009 –- States are cracking down on payday loan companies because of high interest rates....
|
( Interesting Articles and other reading material you find interesting and want to share with the world)ManagementParadise...
|
ICICI Bank Ltd, India's second-largest lender, on Friday reported a shrunk balance sheet and, consequently, a fall in its interest and non-interest incomes. However, thanks to its efforts to prune operating expenditure, it managed to report a 2.5% year-on-year rise in net profit to Rs 1,040 crore. The bank reported an 18% fall, year on year, in operating expenses to Rs 1,424 crore. Sequentially, expenses...
|
NEW DELHI: Punjab & Sind Bank (PSB) on Wednesday slashed interest rates on the agriculture loans by two per cent with a view to assist farmer community in meeting their fund requirement for the Rabi crop. The peak level rate of interest of 13.5 per cent has been brought down to 11.5 per cent per annum, PSB said in a statement. In case of crop loans up to Rs 3 lakh, the rate of interest will be 7 per...
|
For the six months ended September 30, 2009, Federal Bank earned a total income of Rs.2,059.29 crore, registering a growth of 16.11 per cent, as against Rs.1,773.64 crore for the corresponding period in the previous fiscal. This growth in total income was supported by growth in income from advances, income from investments and non-interest income, according to the unaudited financial results announced...
|
KochiGENERAL MANAGEMENT: Principle of scientific management, brief treatment of managerial functions.Personnel management: The personnel function, staff role of personnel department, personnel functions, job design, job information, personnel management.Forms of business organisaton: salient features of solo-proprietor-ship, partnership, joint-stock company, private limited and public limited companies.FINANCIAL...
|
ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar today said there were no plans for acquisitions or mergers by the countrys largest private sector lender and there was no proposal to change the interest rates structure.''We have acquired two banks in the past, but there is no proposal for any acquisition or merger at present,'' Ms Kochhar said addressing a press conference on...
|
JALANDHAR: Punjab & Sind Bank today launched a special scheme to provide finance to doctors and medical institutions for setting up of Nursing Homes or Pathological labs apart from reduction in the rate of interest on agriculture loans. "We have reduced the rate of interest on all fresh loans sanctioned to farmers community for ensuing Rabi crop season and also decided to make available the loans to...
|
Punjab & Sind Bank (PSB) on Wednesday slashed interest rates on theagriculture loans by two per cent with a view to assist farmer community inmeeting their fund requirement for the Rabi crop.The peak level rate ofinterest of 13.5 per cent has been brought down to 11.5 per cent per annum, PSBsaid in a statement.In caseof crop loans up to Rs 3 lakh, the rate of interest will be 7 per cent as perRBI guidelines,...
|
