Indian Bank is set to organise an All India Loan Mela on 17th and 18th September.In these Loan Mela camps, loans will be offered for Home Loans, Vehicle Loans, micro/small/medium scale industry loans (Mudra).
Petrol price was on Thursday increased by 58 paise per litre and diesel price was cut by 31 paise per litre.The price reduction will be effective midnight.Rates will differ from state to state due to differential local sales tax or VAT rates.
When you think of loans, we think of arduous procedure to get it. Now things are made easy. BankBazaar.com, has launched the world’s first multi-brand, paperless e-KYC platform for instant loan approval.
Protests continue in Karnataka including Bengaluru and Mysore, as a sign of their condemn towards releasing water to Tamil Nadu.Curfew is announced in most parts of Bengaluru. Hence, AirAsia airline has announced offers for its passengers.
Riots have broken in many parts of Karnataka since Supreme Court ordered the Karnataka to release water from Cauvery to Tamil Nadu. Because of this, Bangalore which is being considered as the Silicon Valley of India has been deeply affected.
The central government has introduced a new toll-free telephone number; 1924 for the public to make calls on complaints regarding the postal system.
The Minister of State for telecommunications, Manoj Sinha inaugurated this toll-free service yesterday (Monday, 12th September) in Delhi.
EPF subscribers to get lower Interest
...........................................................................................................................
It is expected that EPFO subscribers may get a lower interest at a rate of 8.6 per cent. This is lesser when compared to last year
The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme has come into effect from 1.6.2016.
Public offering by ICICI prudential life insurance is set to begin on 19th September. This is first of its kind for an Initial Public Offering (IPO) in insurance sector. From 19th and 21st September, public can apply for this IPO.
Need for ATM will not become less
...........................................................................................................................
Automated teller machine (ATM) manufacturer NCR Corporation managing director Navroze Dastur said: Though the banking technology like e banking and mobile banking has advanced, the need for ATM will not become less.
ICICI, the 2nd largest private sector bank in India, had introduced the services of the robotics software in its functioning.ICICI is one of the very few banks across the world to have implemented the robotic software in service.
Equitas Small Finance Bank which has Chennai as its headquarters has commenced its banking operations with 3 branches in Chennai.Equitas Small Finance Bank plans to have a network of 412 branches spread across 11 states.
Sensex and Nifty tops the chart
...........................................................................................................................
According to an analysis of various asset classes and their returns by city-based brokerage Centrum Group equities have been the best asset class in the past 25 years, The Sensex and the Nifty being the second best performers.
In a recent study it has been made known that India is the second most unequal nation in the world where millionaires control over half of its total wealth. According to wealth research firm New World Wealth, after Russia.
A heavier fine will be imposed by Punjab National Bank from October on current account holders for not maintaining the quarterly average balance as per the revised tariff.For PNB Smart Banking current account, silver account holders.
The Reserve Bank of India (RBI) in a press release has mentioned: Dr. Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013
Data has shown that a growing number of high net worth investors are slowly gravitating toward more structured products like the AIF, or Alternative Investment Funds. These provide flexibility and investment opportunities.
The central board of the SBI had approved the acquisition of all the five associate banks and Bharatiya Mahila Bank and finalised the swap ratios for the merger.The State Bank of India plans to initiate its merger with its five associates.
The income tax department has now given the declarants under the Income Disclosure Scheme (IDS) the option to file declarations electronically under digital signature with the Commissioner of Income Tax, CPC, Bengaluru.
Air Carnival, a regional airline in India has launched evening flights between Chennai and Madurai. In his not about this, the Chief Executive Officer of the airline, Manishkumar Singh stated that Air Carnival has been offering flight services.
