GIC Housing Finance Eyes Rs 10k cr Business in 3 yrs – The New Indian Express #gmac #auto #finance


#gic housing finance

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GIC Housing Finance Eyes Rs 10k cr Business in 3 yrs

CHENNAI: Housing Finance major GIC Housing Finance Ltd is looking at a 66% increase in business by the end of three years to post Rs 10,000 crore in business. The company will also focus exclusively on the middle class housing segment, in tandem with the Prime Minister’s ‘Housing for all’ drive.

Speaking to Express while inaugurating the company’s new office here on Monday, its Managing Director Warendra Sinha said that the company is targeting a 66% increase in size of business from Rs 6,000 crore currently to Rs 10,000 by the end of three years.

“We are confident of reaching the Rs 10,000 crore mark in three years because of the rate at which we have been growing and because we will be focusing on the middle class housing segment almost exclusively,” said Sinha.

Pointing out that the company was not looking to compete with larger finance institutions like banks who had readily available funds necessary, Sinha said that the company will build its business at the middle class segment.

“We are not looking to compete with them but expand in the middle segment of the market,” he said.

He said that the financier has reduced its GNPA from 2.10% in September 2013 to 1.4% in 2014. Net NPA has reached nil. It is also looking to increase the number of offices by 20% by the end of the financial year.


Best Interest Rate on Senior Citizens Bank Fixed Deposits- May 2017 #fd #rates #for #senior #citizens,senior #citizens,fixed #deposit #rates #for #senior #citizens,allahabad #bank #fd #rate,andhra #bank #fd #rate,axis #bank #fd #rate,bandhan #bank #fd #rate,bank #of #baroda #fd #rate,bank #of #india #fd #rate,bank #of #maharashtra #fd #rate,canara #bank #fd #rate,catholic #syrian #bank #fd #rate,central #bank #of #india #fd #rate,city #union #bank #fd #rate,corporation #bank #fd #rate,dcb #bank #fd #rate,dena #bank #fd #rate,dhanalakshmi #bank #fd #rate,federal #bank #fd #rate,hdfc #bank #fd #rate,icici #bank #fd #rate,idbi #bank #fd #rate,idfc #bank #fd #rate,indian #bank #fd #rate,indian #overseas #bank #fd #rate,indus #ind #bank #fd #rate,j #k #bank #fd #rate,karnataka #bank #fd #rate,karur #vysya #bank #fd #rate,kotak #mahindra #bank #fd #rate,lakshmi #vilas #bank #fd #rate,oriental #bank #of #commerce #fd #rate,post #office #5 #year #rd #fd #rate,punjab #and #sind #bank #fd #rate,punjab #national #bank #fd #rate,repco #bank #fd #rate,south #indian #bank #fd #rate,state #bank #of #bikaner #and #jaipur #fd #rate,state #bank #of #hyderabad #fd #rate,state #bank #of #india #fd #rate,state #bank #of #mysore #fd #rate,state #bank #of #patiala #fd #rate,state #bank #of #travancore #fd #rate,syndicate #bank #fd #rate,tamilnad #mercantile #bank #ltd #fd #rate,the #ratnakar #bank #fd #rate,uco #bank #fd #rate,union #bank #of #india #fd #rate,united #bank #of #india #fd #rate,vijaya #bank #fd #rate,yes #bank #fd #rate,citibank #fd #rate,deutsche #bank #fd #rate,standard #charted #bank #fd #rate,,j #k #bank #fd #rate,allahabad #bank,andhra #bank,axis #bank,bank #of #baroda,bank #of #india,bank #of #maharashtra,canara #bank,catholic #syrian #bank,central #bank #of #india,city #union #bank,corporation #bank,dcb #bank,dena #bank,dhanalakshmi #bank,federal #bank,hdfc #bank,icici #bank,idbi #bank,indian #bank,indian #overseas #bank,indus #ind #bank,ing #vysya #bank,j #k #bank,karnataka #bank,karur #vysya #bank,kotak #mahindra #bank,lakshmi #vilas #bank,oriental #bank #of #commerce,punjab #and #sind #bank,punjab #national #bank,south #indian #bank,state #bank #of #bikaner #and #jaipur,state #bank #of #hyderabad,state #bank #of #india,state #bank #of #patiala,state #bank #of #travancore,syndicate #bank,tamilnad #mercantile #bank #ltd,the #ratnakar #bank,uco #bank,union #bank #of #india,united #bank #of #india,vijaya #bank,yes #bank,bank #fd,fixed #deposit,fixed #income,investment #plan


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Best Interest Rate on Senior Citizens Bank Fixed Deposits May 2017

Highest Interest Rate on Bank Fixed Deposits for Senior Citizens May 2017

The post lists down the rate of interest on Bank fixed deposits for Senior Citizens as of May 1, 2017.

You might want to bookmark this page as the FD interest rates would be updated every month. Would help you in better decision making.

Fixed Deposit Highlights:

  • Most banks offer FDs for tenure of 7 Days to 10 Years.
  • The Ratnakar Bank IDBI Bank do offer fixed deposits up to 20 years too .
  • For very short Term Deposits the interest rate is similar to that of Savings Account and so you should not worry about FD. Also Interest up to Rs 10,000 in Saving Account is Tax free .
  • Most banks compound interest quarterly
  • Banks offer Loan/Overdraft against the amount available in Fixed Deposit. The interest is generally 0.5% to 1% more than that offered to FD.
  • TDS (Tax deduction at source) at the rate of 10% is deducted, if the interest income is more than Rs 10,000 in financial year per bank. You can fill Form15G/H
  • You can fill Form15G/H if you want to avoid TDS .
  • There might be penalty for pre-mature withdrawal of Fixed Deposits

Fixed Deposit Interest Rates:

The highest interest rate is offered by The Repco Bank at 8.50% for 1 to 2 years Fixed Deposit.

For comparing the best interest rates on fixed deposits over different duration of investment, we have it divided into following 5 slabs:

  • FD for Less than 1 Year
  • FD for 1 to 2 years
  • FD for 2 to 5 Years
  • FD for 5 to 10 years
  • FD for More than 10 years

We show the highest interest rates on fixed deposits for the above duration buckets. We have also compared the best interest rates on offer by that being offered by State Bank of India (SBI), ICICI Bank and Post Offices.

Interest Rate (Senior Citizens) for FD Less than 1 Year:

The highest interest rate is offered by The Ratnakar Bank (241 days to 364 days) at 7.75% .

Shankar Iyer says:

I suppose there has to be an extensive study before stats are pur out esp. with reference to Ratnakar Bank. If you could check Varacha Bank, Surat Peoples Bank, Sutex Bank, Sarvoday Coop Bank ( all coop banks in Surrat) whose financials are available and NPAs are available for view. These give better returns than Ratnakar. Also, see Gujarat Rajya Karmachari Coop Bank. Investments upto Rs. 1 lac is insured. Also, the investor needs to be educated on the maneouveing of applicant names while opening accounts with coop banks, so that only the benefit of sr citizen is obtained, but the deposits are also insured.

I agree with your views and you can use various combinations of names of account holders to get benefit of deposit insurance. Historically co-operative banks have been riskier and so they offer higher interest rate. Also claiming insurance in case of default is not easy and it may take time. So it s individuals call weather to take risk for slightly higher interest rates.

Your Opinion Matters – Please Share below. Cancel reply


Medical Endoscopy Equipment, Endoscopy Cameras, Light Source Exporters #medical #endoscopy #equipment #manufacturers, #pioneer #healthcare #technologies #exporters, #suppliers #of #endoscopy #cameras #india, #indian #medical #endoscopy #equipment,light #source #manufacturer, #wholesale #endoscopy #cameras #suppliers, #medical #endoscopy #equipment, #endoscopy #cameras, #light #source


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Pioneer Healthcare Technologies is well-known organization that offers a quality range of Medical Equipment. We take great pride in introducing ourselves as one of the major Manufacturers, Suppliers and Exporters of Endoscopy Cameras, Portable Mobile, Endoscopy Unit, ENT Treatment Unit, etc.

Safe Reliable Medical Endoscopy Equipment

Pioneer Healthcare Technologies is well-known organization that offers a quality range of Medical Equipment. We take great pride in introducing ourselves as one of the major Manufacturers, Suppliers and Exporters of Endoscopy Cameras, Portable Mobile, Endoscopy Unit, ENT Treatment Unit, Light Source, Refurbished Endoscopy Camera, Standard Sinoscopy Set, Hysteroscopy Video System, Radio Frequency Surgical Device, Hysteroscopy Set, Laparoscopy Equipment etc. We also offer our reliable services in Repairing of Medical Endoscopy Equipment. We are an ISO 9001: 2008 Certified Company also our product are CE certified as per our certificate no.CE -1375 from U.K certification inspection Limited that aims to emerge as a foremost name in this industry.

Our in-depth domain knowledge and rich experience enables us to design precision Medical Equipment. We have successfully conducted various workshops on Endoscopy surgery and attended various National Level conferences of Otolaryngology, General Surgery and Urology. We look forward to bringing our quality ENT Surgery Products to clients everywhere and thus contribute to the medical sector.

Established in the year 1997, Pioneer Healthcare Technologies is located in the city of Haridwar in Uttarakhand. Under the leadership and guidance of our Owner, Mr. Dinesh Rawat, we are scaling newer heights of success.

We are an organization that does not compromise on quality. Our products are reliable and are made with high quality components. Our products comply with the industry quality standards and so are preferred by clients. The products are precision engineered and have a neat design. Our product are CE certified as per our certificate no.CE -1375 from U.K certification inspection Limited.

Contact Us


Top 10 Cement Companies in India #top #10 #cement #companies #in #india, #cement #companies #in #india, #cement #company #in #india, #cement #industry #in #india, #indian #cement #industry,top #cement #company #list, #list #of #top #10 #cement #companies #in #india, #et #500 #rank #of #top #cement #company


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Top Cement Companies in India

The Indian cement industry is the second largest in the world after China, employing in excess of a million people throughout the country. The cement industry contributes a big deal to the Indian economy, more so because the construction industry in India relies heavily on the cement industry for natural reasons. Indian as well as foreign companies have invested billions in the Indian cement industry after regulations were lifted off in 1982. The cement industry in India is currently undergoing a turnaround phase striving hard to come at par with its global competitors in terms of safety, production and energy efficiency.

During the next four to five years, the Indian cement market is projected to witness a Compound Annual Growth Rate (CAGR) of around 8.96 percent. Approximately 67 percent of the cement consumption can be attributed to the housing sector in India, 13 percent to the infrastructure sector, 11 percent to the commercial construction and the rest to the industrial construction segment. The next two years might see the cement industry add on 5.6 crore tonnes to its capacity due to a steep rise in the demand. The overall cement capacity in India is expected to reach 39.5 crore tonnes by the next year and 42.1 crore tonnes by the end of 2017 from the present 36.6 crore tonnes.

A staggering 97 percent of the total cement production in India comes from the 188 large plants set up across the country, while 365 small cement plants are responsible for the remaining three percent. Just the three states of Tamil Nadu, Andhra Pradesh and Rajasthan are home to 77 of the 188 large plants. Some of the world’s top cement companies are based in India. Seventy percent of all the cement produced in India belongs to the top 20 companies operating in the industry.

List of Top Cement Companies in India

The top cement companies in India in terms of market capitalisation are as follows:-

UltraTech Cement

The biggest player in the Indian cement industry is UltraTech Cement, a product of the Indian multinational conglomerate – the Aditya Birla Group that was founded in 1857. The group started its cement business in 1983 and named the brand UltraTech Cement. This company is based in India’s financial capital Mumbai. As much as 6.4 crore tonnes of grey cement is churned out by UltraTech Cement every year. The company is also the largest cement exporter in India. On 10 July 2015, the market capitalisation of UltraTech Cement was valued at Rs. 85,363.84 crore.

Current market scenario of Ultratech Cement


Kerala Education Minister Blames Finance, Printing Departments Over Textbook Delay – The New Indian Express #personal #finance


#kerala finance department

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Kerala Education Minister Blames Finance, Printing Departments Over Textbook Delay

THIRUVANANTHAPURAM: Education Minister P K Abdu Rabb on Tuesday blamed the Finance Department and the Department of Printing and Stationery for the lapses in the printing and distribution of school textbooks this year.

“The responsibility of the Education Department ends with the supply of paper and other stationery. The remaining work should be done by the Printing Department. Also, repeated queries by the Finance Department delayed the entire process,” Abu Rabb told reporters.

“KBPS, which was entrusted with the printing work, had assured the government early this year that it would complete the printing work before May 15. It was only on April 29 that KBPS said it would not be able to complete the work within that time,” the Minister said.

He refuted reports that the Education Department deliberately sat over the files relating to the printing.

He said though the proposal for printing of textbooks was sent to the Finance Department on May 8, it gave consent only after six months, on November 11. He also said the textbooks for 2015-16 academic year were printed in colour. This caused further delay as the per-day printing capacity of colour printing machines is less compared to black-and-white, he added.

The ghost town

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Indian Journal of Finance #compare #car #finance


#finance articles

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Indian Journal of Finance

Welcome to the Website of Indian Journal of Finance.

Indian Journal of Finance, a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a double blind peer reviewed refereed monthly journal that publishes articles on a wide variety of topics ranging from corporate to personal finance, insurance to financial economics, and derivatives. It provides a forum for exchange of ideas and techniques among academicians and practitioners and thereby, advances applied research in financial management.

The journal, with its mission to promote thinking on various facets of finance, is targeted at academicians, scholars, and professionals associated with the field of finance to promote pragmatic research by disseminating the results of research in finance, accounting, financial economics, and sub – areas such as theory and analysis of fiscal markets and instruments, financial derivatives research, insurance, portfolio selection, credit and market risk, statistical and empirical financial studies based on advanced stochastic methods, financial instruments for risk management, uncertainty, and information in relation to finance.

Indian Journal of Finance is indexed/abstracted in Elsevier’s Scopus; the Cabell’s Directory of Publishing Opportunities, USA; Ulrich’s International Periodicals Directory, USA; the ISSN (ISSN 0973-8711); Journal of Economic Literature (JEL), USA; Econlit (AEA),USA; Index Copernicus Journals Master List, Index Copernicus International, Poland; and Indian Science Abstracts (ISA – NISCAIR). The Index Copernicus Impact Value assigned a value of 7.10 to Indian Journal of Finance. The NAAS Rating of Indian Journal of Finance (conferred by the National Academy of Agricultural Sciences, New Delhi (a Govt. of India Institute)) is 3.76 on a scale of 10.

We are sure that you would like to subscribe to Indian Journal of Finance. The annual subscription charges are ₹ 2000/-, which are payable in advance through a demand draft/multicity or payable at par cheque drawn in favor of Indian Journal of Finance, payable at New Delhi. We will start sending you the copies on receipt of your subscription remittance.

Volume 10, Issue 8, August 2016

Open Access Subscription or Fee Access

Table of Contents

Articles

R. Venkata Raman, V. R. Srinidhi, A. S. Chandramouli

Total views: 319

Rajesh Mishra, Vishal Ahuja

Total views: 256

M. Gowri, Malabika Deo

Total views: 121

Dini Safitri, Nadia Asandimitra

Total views: 157

Copyright © 2007 – 2016 • Associated Management Consultants Private Limited


GIC Housing Finance Eyes Rs 10k cr Business in 3 yrs – The New Indian Express #e #finance #career


#gic housing finance

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GIC Housing Finance Eyes Rs 10k cr Business in 3 yrs

CHENNAI: Housing Finance major GIC Housing Finance Ltd is looking at a 66% increase in business by the end of three years to post Rs 10,000 crore in business. The company will also focus exclusively on the middle class housing segment, in tandem with the Prime Minister’s ‘Housing for all’ drive.

Speaking to Express while inaugurating the company’s new office here on Monday, its Managing Director Warendra Sinha said that the company is targeting a 66% increase in size of business from Rs 6,000 crore currently to Rs 10,000 by the end of three years.

“We are confident of reaching the Rs 10,000 crore mark in three years because of the rate at which we have been growing and because we will be focusing on the middle class housing segment almost exclusively,” said Sinha.

Pointing out that the company was not looking to compete with larger finance institutions like banks who had readily available funds necessary, Sinha said that the company will build its business at the middle class segment.

“We are not looking to compete with them but expand in the middle segment of the market,” he said.

He said that the financier has reduced its GNPA from 2.10% in September 2013 to 1.4% in 2014. Net NPA has reached nil. It is also looking to increase the number of offices by 20% by the end of the financial year.


Kerala Education Minister Blames Finance, Printing Departments Over Textbook Delay – The New Indian Express #ge #commercial #finance


#kerala finance department

#

Kerala Education Minister Blames Finance, Printing Departments Over Textbook Delay

THIRUVANANTHAPURAM: Education Minister P K Abdu Rabb on Tuesday blamed the Finance Department and the Department of Printing and Stationery for the lapses in the printing and distribution of school textbooks this year.

“The responsibility of the Education Department ends with the supply of paper and other stationery. The remaining work should be done by the Printing Department. Also, repeated queries by the Finance Department delayed the entire process,” Abu Rabb told reporters.

“KBPS, which was entrusted with the printing work, had assured the government early this year that it would complete the printing work before May 15. It was only on April 29 that KBPS said it would not be able to complete the work within that time,” the Minister said.

He refuted reports that the Education Department deliberately sat over the files relating to the printing.

He said though the proposal for printing of textbooks was sent to the Finance Department on May 8, it gave consent only after six months, on November 11. He also said the textbooks for 2015-16 academic year were printed in colour. This caused further delay as the per-day printing capacity of colour printing machines is less compared to black-and-white, he added.

The ghost town

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Indian Journal of Finance #lords #of #finance


#finance articles

#

Indian Journal of Finance

Welcome to the Website of Indian Journal of Finance.

Indian Journal of Finance, a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a double blind peer reviewed refereed monthly journal that publishes articles on a wide variety of topics ranging from corporate to personal finance, insurance to financial economics, and derivatives. It provides a forum for exchange of ideas and techniques among academicians and practitioners and thereby, advances applied research in financial management.

The journal, with its mission to promote thinking on various facets of finance, is targeted at academicians, scholars, and professionals associated with the field of finance to promote pragmatic research by disseminating the results of research in finance, accounting, financial economics, and sub – areas such as theory and analysis of fiscal markets and instruments, financial derivatives research, insurance, portfolio selection, credit and market risk, statistical and empirical financial studies based on advanced stochastic methods, financial instruments for risk management, uncertainty, and information in relation to finance.

Indian Journal of Finance is indexed/abstracted in Elsevier’s Scopus; the Cabell’s Directory of Publishing Opportunities, USA; Ulrich’s International Periodicals Directory, USA; the ISSN (ISSN 0973-8711); Journal of Economic Literature (JEL), USA; Econlit (AEA),USA; Index Copernicus Journals Master List, Index Copernicus International, Poland; and Indian Science Abstracts (ISA – NISCAIR). The Index Copernicus Impact Value assigned a value of 7.10 to Indian Journal of Finance. The NAAS Rating of Indian Journal of Finance (conferred by the National Academy of Agricultural Sciences, New Delhi (a Govt. of India Institute)) is 3.76 on a scale of 10.

We are sure that you would like to subscribe to Indian Journal of Finance. The annual subscription charges are ₹ 2000/-, which are payable in advance through a demand draft/multicity or payable at par cheque drawn in favor of Indian Journal of Finance, payable at New Delhi. We will start sending you the copies on receipt of your subscription remittance.

Volume 10, Issue 8, August 2016

Open Access Subscription or Fee Access

Table of Contents

Articles

R. Venkata Raman, V. R. Srinidhi, A. S. Chandramouli

Total views: 319

Rajesh Mishra, Vishal Ahuja

Total views: 256

M. Gowri, Malabika Deo

Total views: 121

Dini Safitri, Nadia Asandimitra

Total views: 157

Copyright © 2007 – 2016 • Associated Management Consultants Private Limited


GIC Housing Finance Eyes Rs 10k cr Business in 3 yrs – The New Indian Express #retail #finance


#gic housing finance

#

GIC Housing Finance Eyes Rs 10k cr Business in 3 yrs

CHENNAI: Housing Finance major GIC Housing Finance Ltd is looking at a 66% increase in business by the end of three years to post Rs 10,000 crore in business. The company will also focus exclusively on the middle class housing segment, in tandem with the Prime Minister’s ‘Housing for all’ drive.

Speaking to Express while inaugurating the company’s new office here on Monday, its Managing Director Warendra Sinha said that the company is targeting a 66% increase in size of business from Rs 6,000 crore currently to Rs 10,000 by the end of three years.

“We are confident of reaching the Rs 10,000 crore mark in three years because of the rate at which we have been growing and because we will be focusing on the middle class housing segment almost exclusively,” said Sinha.

Pointing out that the company was not looking to compete with larger finance institutions like banks who had readily available funds necessary, Sinha said that the company will build its business at the middle class segment.

“We are not looking to compete with them but expand in the middle segment of the market,” he said.

He said that the financier has reduced its GNPA from 2.10% in September 2013 to 1.4% in 2014. Net NPA has reached nil. It is also looking to increase the number of offices by 20% by the end of the financial year.