Loans are nothing less than blessings for people who need urgent money or are facing some downtime. In simple words, bank loans like personal loan are an excellent tool to meet the expenses for a person who has no other means of financing.
Sunday, 16 October 2011
Saturday, 15 October 2011
Today's Business lines
Car loan in jiffy, via the net:
It is now possible to get a car loan at the click of the mouse. Fill up the online form and after checking the eligibility of the applicant, a sanction letter will be issued within seconds.
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click here |
Check credential of Builder
For every credibility gap there is a gullibility fill.
Always check credibility track record and quality of construction of the builder. Projects by lesser-known builders with doubtful financial strength and execution ability are prone to inordinate delays. Also, long term maintenance cost due to poor construction can often negate any price benefit you may see upfront.
ICICI Securities Launches Target Investment Plan
Investors in the equity markets will now be able to systematically invest variable amounts every month after taking stock of the prevailing market conditions. ICICI securities are announced the launch of ‘Target Investment plan’ (TIP) on its online broking platform, which provides investors the flexibility to decide on the amount of investment they want to make every month, unlike a traditional systematic investment plan (SIP), which requires equal monthly installments. According to the plan, the amount of monthly contribution will be determined by the prevailing market performance and so investments will increase when the market is low and will be less when the market is high.
Centre Strenghtens law to recover bad Loans
The government approved amendments to the SARFAESI and debt Recovery acts to enables bank to effectively deal with the menace of bad loans and also encourage them to disburse credit freely to home and corporate loan seekers. The cabinet approved the introduction of the enforcement of security interest and recovery of debts laws (Amendment) bill,2011, in the next winter session of parlia-ment, the information and broadcasting minister, Ms ambica soni, told reporters. The bill seeks to amend the securitization and reconstruction of financial assets and enforcement of security interest act and recovery of debts due to banks and financial institutions (RDBF) act so as to strengthen the regulatory and financial institutions through the enforcement of security interest and recovery of debts laws bill, 2011. “The proposed amendments would enable banks to improve their operational efficiency, deploy more funds for credit disbursement to retail investors, home loan borrowers without fearing for recovery, thus bringing about equity,” she said.
The suggested amendments would strengthen the ability of banks to recover debts due from the borrowers, enhance the ability of banks to extend credit to both corporate and retail borrows, reduce the cost of funds for banks and their customers and reduce the level of non-performing assets, she said.
1. In Jan 2008, suppose you deposit 1 lakh in bank time ranges or corporate, you get 30,000R/- profit.
2. Suppose anybody want pay 1 lakh in savings bank account they get 11,000R/- profit.
3. Suppose we save 1 lakh and loss in shares, gold, silver, time range deposits, savings bank account we get profit.
According to this we prove it; it’s better to save and invests in different ways not in one way.
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