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RBI Rate Cut Vs. Realty Market and Loans EMI

Reserve Bank of India has brought down the Repo Rates by 25 basis points which is now 6.25%.  This move is expected to Bring down the interest rates on Home Loans and Bring down the EMIs (Equated Monthly Instalments) on Loans. The overall feeling in the Economy is: Both Builders and analysts predict the cut

RBI Rate Cut Vs. Realty Market and Loans EMI

Reserve Bank of India has brought down the Repo Rates by 25 basis points which is now 6.25%.  This move is expected to Bring down the interest rates on Home Loans and Bring down the EMIs (Equated Monthly Instalments) on Loans. The overall feeling in the Economy is: Both Builders and analysts predict the cut

Bad Loans Recoveries and Profitability at PNB

Punjab National Bank, the heavyweight in the PSBs sector, has shown improvement and recorded a surprising profit for the December quarter which indeed is treated as a turnaround.   Main reasons attributed are: A notable decline in Risk Weighted Assets Government’s Capital infusion Improvement in Capital Ratios Fall in Provisioning However, the bank would be compelled

Bad Loans Recoveries and Profitability at PNB

Punjab National Bank, the heavyweight in the PSBs sector, has shown improvement and recorded a surprising profit for the December quarter which indeed is treated as a turnaround.   Main reasons attributed are: A notable decline in Risk Weighted Assets Government’s Capital infusion Improvement in Capital Ratios Fall in Provisioning However, the bank would be compelled

TDS relief for Bank Depositors

A Good news for Bank Deposits.  Banks will not deduct TDS from Fixed Deposits or for that matter Term Deposits, on interest income upto Rs. 40,000.  However, it is said that the interest income will be taxable as per the slab rate as per current income tax law.  What does this mean? An individual can

TDS relief for Bank Depositors

A Good news for Bank Deposits.  Banks will not deduct TDS from Fixed Deposits or for that matter Term Deposits, on interest income upto Rs. 40,000.  However, it is said that the interest income will be taxable as per the slab rate as per current income tax law.  What does this mean? An individual can