Category Archives for "Banking"

CIBIL tv advertising campaign-to teach the need for credit score

Credit Information Bureau of India Limited (CIBIL) launches tv advertising campaign-to teach the need for credit score of individuals while applying for loans and crredit cards.CIBIL’s rating measures one’s ability to pay back thier loans and other dues. Higher rating ensures faster loan approval.CIBIL Credit Information Report (CIR) empowers both loan providers and individuals to […]

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Fixed Deposits or Recurring Deposits?-benefit analysis

Fixed deposit or Recurring deposit, which yields more?

Financial planning is important in the current economy, where expenses run over income and savings are relatively small or nil. Financial planning will reap rewards in future.

There is always a doubt zone where to invest your surplus fund in fixed deposit or in Recurring deposit. Both FD (fixed deposit) and RD(recurring deposit) has more growth

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Companies applied for banking licence

In order to expand banking facilities,RBI has issued guidelines to allow corporate houses to set up banks.

The Reserve Bank of India in all received 26 (twenty six) applications. The names of the applicants are:-Aditya Birla Nuvo Ltd., Mumbai.
-Bajaj Finserv Ltd., Pune.
-Bandhan Financial Services Pvt. Ltd., Kolkata.
-Department of Posts, New Delhi.
-Edelweiss Financial Services Limited, Mumbai.

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