State Bank of India (SBI) announced the rate cut on home loans by 50 bps. India’s largest lender has become the first bank to cut home loan rates two times in the year 2017. The bank has cut interest rates on home loans to 8.35% (p.a.) from 8.60%...
Read MoreYay, PMAY! – Home Buyers, it’s time to Cheer
Some of us are looking to buy their first home. Others, stay with parents, but want to buy another home. Regardless of your need, home-buying comes across as daunting. And to make matters worse, you feel as though the government doesn’t care...
Read MoreSEBI Permits to Invest in Mutual Funds via Digital Wallets
Now, apart from recharging phones and paying utility bills, you can use the digital wallet to invest in mutual funds. In an attempt to utilize household savings into capital market and encourage digitalization in investment instruments, the...
Read MoreSBI and Credai Sign MoU to provide affordable housing
State Bank of India and realtors body Confederation of Real Estate Developers’ Association of India (Credai) have signed a memorandum of understanding to offer loans to the customers and builders for affordable housing projects. The agreement aims...
Read MoreIndia Post Payment Bank to Inaugurate 650 Branches in 2017
India Post Payment Bank (IPBB) Giving a new string to the newly found payment bank concept, India Post Payment Bank (IPPB) is all set to take the segment by storm by opening 650 branches in 2017, rapidly moving away from the first two branches which...
Read MoreSBI to levy a charge of ₹100 on cheque payments on SBI credit cards
State Bank of India, one of India’s leading banks has begun charging a fee of ₹100 for payments on credit cards made through cheques. SBI Card, which is an arm of the bank will now charge a fee of ₹100 for all cheque payments made for dues...
Read MoreEdelweiss Group to Take Over Ambit Alpha Fund
Edelweiss Financial Financial Services Ltd is all set to take over Ambit Alpha Fund, the flagship hedge fund of Ambit Investment Advisors, with an Asset Under Management (AUM) of more than Rs 1,100 crore, as per the statement. However, the size of...
Read MoreDeposit Black Money till Midnight, Says IT Department !
Pradhan Mantri Garib Kalyan Yojana (PMGKY) Today is the last day to declare your undisclosed income, which is actually black money, under Pradhan Mantri Garib Kalyan Yojana (PMGKY). Hold your horses for a moment, you have time until midnight so...
Read MoreSubmit your Form 1 by April 10 under PMGKY
Central Board of Direct Taxes (CBDT) has issued a notification yesterday stating that any black money declarant can file a declaration through Form 1 by April 10, 2017, in case he/she has paid the penalty and tax by the set deadline. Under the...
Read MoreSBI to Rationalise 1500 Branches Post Merger With Associate Banks
State Bank of India is all set to complete the merger with its 5 associate banks and Bharatiya Mahila Bank. As per the government orders issued, State Bank of India Act, 1955 the undertaking of State Bank of Bikaner & Jaipur, State Bank of...
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