CIBIL is nothing but the mirror of your earlier loan credit card repayment track. It stands for Credit Information Bureau (India) Ltd. CIBIL gives A Credit Information Report (CIR) which is a factual record of a borrower’s credit payment history compiled from information received…
Category: Finance
The Madras High Court Bench ordered notices to RBI and IBA challenging levy of charges for using ATMs
The Madras High Court Bench ordered notices to Reserve Bank of India and Indian Banks Association on a public interest litigation petition challenging levy of charges on savings bank account holders in six metropolitan cities for using ATMs, belonging to…
SBI Shares Splited from Face Value of Rs.10 to Rs.1 on 20.11.2014
The country’s largest public sector lender had subdivided the face value of its equity shares to Re 1 from Rs 10. State Bank of India has informed the exchanges State Bank of India has informed the exchanges that it has fixed…
Return on Capital Employed (ROCE)
ROCE is a financial ratio that measures a company’s profitability and the efficiency with which its capital is employed. Return on Capital Employed (ROCE) is calculated as: ROCE = Earnings Before Interest and Tax (EBIT) / Capital Employed “Capital Employed” as…
Home Loan upto 90% of the value of the property
NHB (National Housing Board, a 100% Subsidiary of RBI & Regulator of Housing Finance Companies in India) has allowed HFC’s to lend upto 90% of the value of the property in case of Loan above Rs. 20 lakhs. You may…
Days Payable Outstanding — DPO
A company’s average payable period. Days payable outstanding tells how long it takes that company to pay its trade creditors, such as suppliers on an average. Days payable Outstanding is typically calculated either quarterly or yearly. The formula to calculate…
Credit growth up 11% but still lags deposits at 13%
After remaining sub-10 per cent for two consecutive fortnights, bank credit grew 11 per cent to Rs. 62,69,007 crore for the fortnight ended October 3. In the corresponding fortnight last year, bank credit stood at Rs. 56,50,107 crore. In the last fortnight, the credit…
RBI may Increase CRR
RBI is expected to increase CRR next month to signal a rate increase. In what could be the first sign of a rise in interest rates, bulk deposit rates have started rising. Deposits of over Rs 5 crore are usually classified as bulk deposits. At…
September retail inflation comes down to 6.46%
India’s annual consumer price inflation eased for a second straight month in September to 6.46 percent, its lowest level since the government started releasing the data in 2012. With core inflation coming off incrementally, RBI’s comments on controlling inflation may…
Merger &Acquisition hit a downfall of 65%
Mergers and acquisitions deals in India have dropped 65 per cent sequentially to $4.7 billion in the quarter ending September, according to Mergermarket, a global M&A intelligence service provider. Deals in the quarter were 20 per cent lower than $5.9…