http://www.rupeetimes.com/news_advice News & Advice from rupeetimes.com (C) 2007 rupeetimes.com Mon, 01 Dec 2008 10:30:16 +0530 Private lender, HDFC Bank does not follow the PSU banks on reducing its benchmark lending rate or PLR. The bank refused to cut interest rates till the time its cost of funds come down.HDFC Chairman Mr Deepak Parekh said: "Cost of funds is still high. So once it comes down, we will reduce interest ra... http://www.rupeetimes.com/news/fixed_deposits/hfdc_bank_lending_rates_to_remain_unchanged_for_the_time_being_1899.html 12345678901899 Mon, 01 Dec 2008 10:20:07 +0530 With the aim of boosting demand in realty sector, the government is planning to introduce an interest subsidy in home loans that will make home loans cheaper for the customers.The real estate sector which has spill over effect on many industries like cement and steel is likely benefit by this move.... http://www.rupeetimes.com/news/home_loans/interest_subsidy_on_home_loans_1898.html 12345678901898 Mon, 01 Dec 2008 10:10:07 +0530 Terrorist attack in the financial capital of the country, Mumbai has left the entire industry in deep shock following which equity, currency, bond and money markets remained closed on Thursday, November 27th.The banks branches that are located in the areas surrounding terror attacks remained closed... http://www.rupeetimes.com/news/car_loans/financial_capital_witnessed_low_customer_and_staff_turnout_1897.html 12345678901897 Mon, 01 Dec 2008 09:56:22 +0530 Fixed deposits offered by the banks are likely to see a reduction in the interest rates from the next month. In fact some banks have declared a cut in the deposit rates of these safe instruments.State Bank of India, country's largest bank has lately announced a reduction of 50 and 25 basis points on... http://www.rupeetimes.com/news/fixed_deposits/banks_fds_to_offer_lower_interest_rates_1896.html 12345678901896 Mon, 01 Dec 2008 09:35:19 +0530 The havoc in Mumbai city compelled state-run, Andhra Bank to cancel its board meeting that was proposed to take place on November 27th at the Oberoi Hotel in Nariman Point.Chairman and Managing Director of the bank, RS Reddy, who was coming to Mumbai from Hyderabad, to attend the meting cancelled hi... http://www.rupeetimes.com/news/personal_loan/andhra_bank_board_meeting_cancelled_due_to_terrorist_attack_1895.html 12345678901895 Fri, 28 Nov 2008 11:30:27 +0530 Sometimes we come across certain situations where we may require a large amount of funds to support our need. It might be to complete your college education, pay your medical bills or may be to consolidate your debt. Under such situations we mainly look at various finance options but it is really ha... http://www.rupeetimes.com/article/home_loans/home_equity_loan_a_shoulder_you_can_bank_upon_1894.html 12345678901894 Fri, 28 Nov 2008 11:11:24 +0530 The Indian industry may face the hitch of rising short-term trade credit. The short term trade debt in the country that is to be settled by March 2009 amount to Rs 3.69 lakh crore and out this Rs 2 lakh crore seem to be in the trouble zone.Short-term trade credit is the buyers and suppliers credit w... http://www.rupeetimes.com/news/credit_cards/shortterm_trade_credit_a_problem_for_the_industry_1893.html 12345678901893 Fri, 28 Nov 2008 11:00:58 +0530 The largest bank in the country, State Bank of India is all set to start a 24-hour banking service in Lucknow, Uttar Pradesh.Chief General Manager of SBI in a Lucknow branch, Shiv Kumar said, "We will offer round-the-clock banking facilities at a centre that will be set up at the main SBI branch in... http://www.rupeetimes.com/news/car_loans/24hour_banking_service_by_sbi_1892.html 12345678901892 Fri, 28 Nov 2008 10:53:18 +0530 State-run, Punjab National Bank (PNB) has declared yet another cut in its benchmark prime lending rate (BPLR). In its board meeting held on November 26th, PNB has announced a 100 basis cut in the BPLR from 13.5% to 12.5%.Earlier on October 31st, PNB had cut the PLR by 50 basis points. "Since interes... http://www.rupeetimes.com/news/fixed_deposits/pnb_cuts_its_plr_to_125_1891.html 12345678901891 Fri, 28 Nov 2008 10:45:29 +0530 Leading Asian Bank, DBS Bank has appointed the new Head for its Consumer Banking division in India. Rahul Johri has been announced as the new name for this post.Prior to this position at DBS Bank, Rahul was the Business Head of Retail Liabilities with Barclays Bank, India. He was one amongst the sta... http://www.rupeetimes.com/news/personal_loan/rahul_jhori_new_head_of_dbs_banks_consumer_banking_1890.html 12345678901890