...HDFC BANK INTRODUCTION HDFC (Home Development Finance Corporation) Home Loan, India have been serving the people for around 3 decades and providing various housing loan according to their varied needs at attractive and reasonable interest rates. Owing to their wide network of financing, HDFC Home Loans provide services at doorstep and helps you find a home as per your requirements. COMPANY PROFILE HDFC Limited founded in 1997 by Ravi Maurya and Hansmukh bhai Parekh, is an Indian NBFS focusing on home loans. HDFC operates through almost 450 locations throughout the country with its corporate head quarters in Mumbai, India. HDFC also has an international office in Dubai, UAE with service associates in Kuwait. HDFC is the largest housing company in India for the last 27 years. HDFC was amongst the first to receive an in principal approval from RBI to set up a bank in the private sector, as a part of the RBI’s liberalization of the Indian banking industry. It was incorporated onincorporated on 30th august 1994 in the name of ‘HDFC Bank Limited’, with its registration office in Mumbai. HDFC began its operations as a scheduled commercial bank on 16 January 1995. HOME LOAN PRODUCTS • Home Loan: Home loans for individuals to purchase (fresh / resale) or construct houses. Application can be made individually or jointly. • Home Improvement Loan: The interiors of any home reflect the personal preferences and tastes of its owners making it...
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...No major restructuring, to focus on retail advances this year: UCO Bank chief New Delhi: Public sector lender, UCO Bank, has reported a 12 per cent growth in its net profit to Rs.2.53 billion (Rs. 252.84 crore) during the quarter ended March 31, 2012, from Rs. 2.26 billion (Rs. 225.9 crore) in the same period last year. S Chandrasekharan, executive director, UCO Bank, told NDTV Profit that the bank was not planning to take up any major restructuring this year. “Our focus of the year is going to be retail advances,” he said. Profit this time has been lower than expectations, falling 23 per cent sequentially. What led to the same? Yes. The pressures were mainly because of the slippages. We expect around Rs. 840 crore this quarter, and otherwise if you see year-on-year profit, it is much higher than what it was. We could make 22.3 per cent year-on-year from Rs. 907 crore last year to Rs. 1109 crore this year. Only on quarter-to-quarter, the profit has come down. Credit and deposit growth have been a bit sluggish, and consequently your loan-to-deposit ratio (LD ratio) has inched up. Any pressure you are facing on funding side? No. There is no pressure on us. We took a conscious decision of not accepting bulk deposits this year. The deposit growth as per the industry is 6 per cent. We even did not take any bulk deposit last year as there was a 32 per cent growth in bulk deposits this year (This doesn’t read right. Last year…this year…). The credit (deposit) has...
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...HOME LOAN TAKEOVER OPPORTUNITY AND CHALLENGES Internship Report submitted to SBI in completion of the requirement of Summer Internship at State Bank of India NAME OF THE STUDENT: kushal Shah PROJECT MENTOR/ REPORTING OFFICER AT THE BANK: Mr Kumar APRIL 6th 2013 TO JULY 6th 2013 Acknowledgement I take this opportunity to express my profound gratitude and deep regards to Mr. Bhoir, HR, State Bank of India for giving me the opportunity to take up this project and posing faith in me to fulfill the project I also take this opportunity to express a deep sense of gratitude to Company Mentor Mr. Kumar, Manager State Bank of India, for his cordial support, valuable information and guidance, which helped me in completing this task through various stages. I am obliged to staff members of State Bank of India especially Mr. Saraswat & Ms Warrier, HLST Departement, State Bank of India for the valuable information provided by them in respective fields. I am grateful for their cooperation during the period of my assignment. Lastly, I thank almighty, my parents, brother, sisters and friends for their constant encouragement without which this assignment would not be possible. I am also thankful to all the respondents whose cooperation & support has helped me a lot in collecting necessary information. Kushal Shah Bottom of Form Table of Contents Sr. no | Particulars | Page no | 1 | 1. Introduction 2.1. Profile of Student 2.2. Profile...
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...of India From Wikipedia, the free encyclopedia Jump to: navigation, search State Bank of India | | Type | Public | Traded as | NSE: SBIN BSE: 500112 LSE: SBID BSE SENSEX Constituent CNX Nifty Constituent | Industry | Banking, Financial Services | Founded | 2 June 1806 | Headquarters | Mumbai, Maharashtra, India | Area served | Worldwide | Key people | Arundhati Bhattacharya (Chairman) | Products | consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards, | Revenue | 200560 crore (US$32 billion) (2012)[1][2] | Profit | 17916 crore (US$2.9 billion) (2013)[1][2] | Total assets | 1566261 crore (US$250 billion) (2012)[1][2] | Total equity | 98884 crore (US$16 billion) (2012)[1][2] | Owners | Government of India | Employees | 295,696 (2012)[2] | Website | www.sbi.co.in | State Bank of India (SBI) is an Indian multinational banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of December 2013, it had assets of US$388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.[3][4] State Bank of India is one of the Big Four banks of India, along with ICICI Bank, Punjab National Bank and HDFC Bank. The bank traces its ancestry to British India, through...
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...able to finance goods to consumers without charging any interest as they have tie-ups with manufacturers and dealers regarding price of the product as company cannot do business without earning profits. Bajaj Finserv has been growing well since 2008 as due to the recession many of the companies stopped there financing business and there is only one competitor in market HDFC. HDFC provides facility to its credit card customers only so the rest of customers are bound to come to Bajaj Finserv but even HDFC charges interest on EMI but Bajaj Finserv doesn’t charge interest. The extra advantage on Financing for CDs are that BFL is giving loan on CD products within 3 minutes, then why to block the credit limit of HDFC credit card on Consumer Durables products. Rather than to avail the credit card facility in some other section. Products Covered 0% interest Consumer Durables Finance is available on a wide range of products and in over 80 cities across India. Here under is an indicative list of products covered: *...
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...taken anywhere between 5 and 30 years. The amount of loan one is eligible for is dependent on the individual’s credit profile. 2. What is a down payment? What are the ways in which I can source my down payment? Generally as a thumb rule, banks or financial institutions lend 85% of the cost of the property. 15% of the money is expected to be paid as a down payment for the loan. Opting for a personal loan if you can afford that cost as well, pledging your investments, getting loan against your insurance policy etc. are some ways to liquidate your assets and pay your downpayment. 3. Are there any specific loans available for NRIs? Yes, there are specific loans that are tailored for the requirements of NRIs who wish to build or buy a home in India. 4.What is reverse mortgage? This loan facility allows a senior citizen (above 60 years of age) eligible to apply for a reverse mortgage loan and avail 60% of the value of the residential property he resides in and retain the right to continue to reside there. The maximum tenure for this loan scheme is 15 years. B. Loan eligibility and Cost 1. Who is eligible for a home loan? Indians with a regular source of income, which includes salaried individuals, self-employed professionals, self-employed business people, NRI individuals and existing property owners who can pledge it...
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...Hinduja Leyland Finance Ltd (HLF) was incorporated in the year 2008 and is registered as a non-deposit taking NBFC with Reserve Bank of India. It is one of India’s leading non-banking finance companies spread across 20 states pan-India with 1100+ locations. Through a vast network of branches, it provides customized finance for the widest range of utility vehicles, tractors, cars, two wheeler and other commercial vehicles, focusing on the semi-urban and rural sector. Hinduja Leyland Finance is a conglomerate of "HINDUJA GROUP" which has global presence in Automobiles, Energy & Chemicals, IT/ITES, Banking and Finance, Media/Entertainment and Infrastructure. HLF’s goal is to be a one stop shop in the space of vehicle and equipment finance. 1.2 Motivation for study HLF is currently operating its two-wheeler loan business only at select locations in West Bengal and wants to expand its business to other locations of West Bengal .Thus a market research of the various finance companies and the type of products offered by them was necessary. So a questionnaire was prepared and multiple touch points of HERO, HONDA & SUZUKI were visited and required data was recorded and the most viable touch points where the company can start operating could be suggested. 1.3 TWO WHEELERS LOANS INDIA The surging growth of the two wheeler industry in India has been influencing several new entrants to start manufacturing newer version of automobiles. In the last fiscal, the two wheeler...
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...market in India Vishal agarwal, EnErgEtica india Vishal looks at the biomass power plant options in India and studies the financial details for each option. ven today in 2013; over 400 million people in India have no access to electricity. Because of the remoteness of much of India’s un-electrified population, renewable energy can offer an economically viable means of undoing this undone. And what better than a biomass power plant. Today, about 32% of the total primary energy use in the country is still derived from biomass and more than 70% of the country’s population depends upon it for its energy needs in some way or the other. Biomass power generation in India is an industry that attracts investments of over Rs.600 crores every year, generating more than 5000 million units of electricity and yearly employment of more than 10 million man-days in the rural areas. We can divide the biomass power plant market in India into 3 categories. Biogas based power projects Present: • The current availability of biomass in India is estimated to be approximately energetica india E 640 million metric tones per annum. This converted to cubic meters of biogas comes to 12800 million cubic meters per annum (@ 20 cubic meters of biogas per metric ton of biomass). • This should lead to both electricity and heat generation of 25600 GWh and 51200 GWh per annum respectively (@ 2 KWh of electricity and 4 KWh of heat energy per cubic meter of biogas). • The Government of India has estimated...
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...1.1 EXECUTIVE SUMMARY Banking is one of the world’s largest industries. It is also one of the biggest employers. In India however, the banking sector has been a high level of fragmentation with a large Share held by private as well as the Government bodies. The project analyzed the financial data of different Clients of Gondia district central co-operative Bank ltd (GDCC) Maharashtra. The purpose of this project is to identify the Financial position of the clients, their capability to repay the loan and the actual Credit required by them for their business. During this project another main task was to identify the Pre – Sanction and the Sanction Process of LOANS. The study is grounded on the analysis of Financial Reports of the Clients. My study also included how working in the district and what is there performance there. 2.1 INTRODUCATION OF THE SYUDY Decision about housing is among the most important financial decision most of the people ever have to make. Buying a home is a major commitment, and home payments take a big chunk of the family budget. In 1970s, home payments took about one-quarter of a family’s take-home pay. People bring about 1/3rd of their salary to their...
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...Cd/EMI industry and My future predictions By: Stephen Brown Table of Contents Chapters Page Chapter-1 Introduction pgs 1-2 Chapter-2 History and changes of EMI pgs 2-4 Chapter-3 History of Music Industry pgs 4-6 Chapter-4 Negative effects on Music Industry (past and present) pgs 6-8 Chapter-5 Conclusion pg 8 References pg 9 1 In recent years and in the past there have been constant changes in the selling of music cds by corporations within the industry. Over the years many different situations have caused music corporations abroad to be faced with negative results and now just as before new problems exist which must be analyzed and corrected or the industry will suffer. In the nineties events such as mega retailers undercutting prices of the industry contributed to what was considered as the major music selling problems them. Within the last several...
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...Punjab National Bank Zonal Training Centre Ludhiana RETAIL LENDING SCHEMES Updated up to 31.05.2013 INDEX 1. HOUSING LOAN 2. CAR LOAN 3. PNB SARTHI (Two Wheeler loan) 4. EDUCATION LOAN 5. MORTGAGE LOAN AGAINST IP 6. PERSONAL LOANS 7. LOAN FOR PENSIONERS 8. ADVANCE AGAINST GOLD JEWELLERY/ORNAMENT 9. PNB BAGHBAN SCHEME 10. FUTURE LEASE RENTALS 11. SCHEME FOR FINANCING PROFESSIONALLY QUALIFIED MEDICAL PRACTITIONERS 12. PNB GRAMIN CHIKITSAK 13. SCHEME FOR FINANCING TRADERS (MODIFIED SCHEME) 14. SUPER TRADE 15. ADVANCES AGAINST FUTURE CARD RECEIVABLES 16. GENERAL GUIDELINES OF RETAIL ADVANCES 17. PNB SCORE – Rating model for Retail Loans - --------compiled by Kanwal Kumar, Senior Faculty, Zonal Training Centre, Ludhiana HOUSING LOAN Eligibility Purpose & Extent Individual & Joint Owners HUF is not considered as Joint owner. Purchase of Plot Rs.50 lac. However, RM & above may consider Loan up-to 100 lac in Metro and State Capital. Further, it be ensured that the loan amount for purchase of Land/Plot under any circumstance is not more than 60% of the eligible loan amount as per the repayment capacity. Construction of House Need based Purchase of Built House Need based Repair & Renovation Rs. 20 lac Cost of furnishing Max. 10% of the loan for repair up-to maximum of Rs. 2.00 lac Pari pasu Charge CH powers up to 20 lac to Govt. Employees Loan limit up to 30 lac Risk Weight is 50% Loan limit above 30 lac Risk Weight is 75% LTV Ratio more than 75% Risk Weight is 100% Loan...
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...2014-2018 Global Polymerase Chain Reaction (PCR) Market EMISPDF us-thermo-url from 208.89.140.11 on 2014-11-24 17:09:41 GMT. DownloadPDF. technavio insights Downloaded by us-thermo-url from 208.89.140.11 at 2014-11-24 17:09:41 GMT. EMIS. Unauthorized Distribution Prohibited. 2014-2018 Global Polymerase Chain Reaction (PCR) Market Table of Contents 01. Executive Summary.......................................... 1 02. List of Abbreviations ......................................... 2 03. Scope of the Report.......................................... 3 03.1 Market Overview .......................................................... 3 03.2 Product Offerings .......................................................... 3 04. Market Research Methodology ..................... 6 04.1 Market Research Process .......................................... 6 04.2 Research Methodology .............................................. 6 05. Introduction ....................................................... 8 06. Market Landscape ........................................... 9 06.1 Market Overview .......................................................... 9 06.2 Market Size and Forecast........................................... 9 06.3 PCR Market in US ........................................................ 10 06.3.1 Mark et Size and Forecast .................................................. 10 06.4 PCR Market in Europe......................................
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...INTRODUCTION In the recent years the demand of home loans has increased dramatically. Part of the reason for this increase is because of accessibility of loans has gotten bigger. Today home loans are available in the market at very low and good rates that meet the demands of many home buyers. A home represents the largest asset that typically people have and this is why home loans have such a huge impact in the loan market today. When a person purchases a home he or she will be investing a huge amount of cash. Many people can’t come up with the whole money to pay out to the house, while some others can’t even afford to invest money for the house they will like to purchase in part this is how home loans have turned out to be a benefit for people who want to buy the home of their choice but cannot afford it at the time. Now day’s home buyers don’t have to worry much about the source of money for their homes. Home loans have made the life of many house buyers much easier. But house buyers should be very careful when choosing a home loan. Before doing anything else. Borrows should make a through research of the current interest rates in the market and then opt or go for any home loan. Buyers could even go for home loans by mortgage. This way the borrowers can get a loan after pledging or securing any asset or securities of their own against amount of money barrowed by them. When getting a home loan the individuals should consider taking care of different aspects related...
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...BANKING IN INDIA Banking in India originated in the first decade of 18th century. The first banks were, The General Bank of India, which started in 1786, and Bank of Hindustan, both of which are now defunct. The oldest bank in existence in India is the State Bank of India, which originated in the "The Bank of Bengal" in Calcutta in June 1806. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras. The presidency banks were established under charters from the British East India Company. They merged in 1925 to form the Imperial Bank of India, which, upon India's independence, became the State Bank of India. For many years the Presidency banks acted as quasi-central banks, as did their successors. The Reserve Bank of India formally took on the responsibility of regulating the Indian banking sector from 1935. After India's independence in 1947, the Reserve Bank was nationalized and given broader powers. Early history The first fully Indian owned bank was the Allahabad Bank, established in 1865. However, at the end of late-18th century, there were hardly any banks in India in the modern sense of the term. The American Civil War stopped the supply of cotton to Lancashire from the Confederate States. Promoters opened banks to finance trading in Indian cotton. With large exposure to speculative ventures, most of the banks opened in India during that period failed. The depositors lost money and lost interest in keeping deposits...
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...MAHARASHTRA GRAMIN BANK MODEL EDUCATIONAL LOAN SCHEME FOR PURSUING HIGER EDUCATION IN INDIA AND ABROAD 1. INTRODUCTION: Education is central to the human resources development and empowerment in any country. National and State level policies are framed to ensure that this basic need of the population is met through appropriate public and private sector initiatives. While government endeavour to provide primary education to all on a universal basis, public funding of higher education is not considered feasible. Cost of education has been going up in recent times and since the student has to bear most of the cost, there is a clear case for institutional funding in this area. This model education loan scheme is an attempt to bring out a viable and sustainable bank loan scheme to meet the aspirations of our society. Knowledge and information would be the driving force for economic growth in the coming years. The current rate of economic growth of the country demands technically and professionally trained man power in large numbers. In this backdrop, loans for education is seen as investments for economic development and prosperity. The model Education Loan Scheme was developed by the Indian Banks’ Association to help meritorious students pursue higher education in technical and professional courses. As the focus is on development of human capital, repayment of the loan is expected to come from future earnings of the student after completion of education. Hence...
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