Citi mantra to global market revival: Capital Strength and Earnings Power

13 mar 2009

The global markets are witnessing a brief revival during the week primarily attributed to the internal memo issued by Citi CEO Vikram Pandit to its employees. Off late Citibank had become a penny stock with 40% of it owned by US Government, however it has but all seems to have tide the storm and brought back the bank into shape.

Nationalisation fears make Citigroup less valuable than SBI

23 feb 2009

Over four quarters of continuous losses and erosion in 90% of its market cap, Citigroup shares have touched a new low of $1.95 making it less valuable than even State Bank of India.

Bank Account 26/11- an Axis Bank initiative

18 jan 2009

To benefit the families of 17 slain security personnel in the 26/11 Mumbai terrorist attacks, Axis Bank has come forward with a novel way of setting up a special account "Account 26/11".

Are NABARD Bonds the best Government backed investment option?

25 nov 2008

Faced with stock market fall and safety of investments in various instruments, many investors are resorting to options which are safe and Government backed with decent returns. Apart from Bank FD, PPF, NSC, KVP, there is an option of investing in Bhavishya Nirman Bonds which are issued by NABARD, which claims to give attractive return to investors.

IDFC buys Standard Chartered Mutual Fund to become third largest AMC

07 mar 2008

Infrastructure Development Finance Corporation (IDFC) has outbid other bidders such as Shinsei Bank, Indiabulls to emerge as winner in race to acquire Standard Chartered Mutual Fund for $205 million. Earlier, RBI had disallowed Swiss Bank UBS to acquire Stanchart AMC.

Reliance mPay – Use your Reliance Mobile as a virtual HDFC Bank credit card

19 feb 2008

In yet another step forward towards mobile banking, Reliance Communications and HDFC Bank have launched India’s first virtual credit card. Anyone who has a HDFC Bank credit card and a Reliance mobile can use this service and as per current estimates, around 15 lakh people qualify under this.

Impact of Standard Chartered acquisition of American Express Bank in India

18 sep 2007

Standard Chartered is acquiring US-based American Express Bank for $860 million in a cash deal. But the sale does not include the primary business of Amex which is credit cards and travel-related businesses.

Clarifications on filling new ITR forms

16 jul 2007

As the last date for filing returns for the Asstt.Year 2007-08 is drawing to close, a lot of issues confuse the assessees as they fill the new forms. Herein certain clarifications are provided to ease the filling process.

Tatas entering into banking

11 jul 2007

Recently formed Tata Capital is picking up a 4.6% stake in Development Credit Bank (DCB) for about Rs.85 crore fueling speculation that this may be a beginning of Tata Sons’ interest in establishing a banking entity.