Top Investment Banks in India

in Banking,Investments,Personal Banking

Investment banks are very popular in India that take care of the capital needs. An investment bank helps corporations, governments and individuals by providing financial assistance. They also assist in foreign exchange, equity securities, meters and acquisitions of companies and other services like fixed income instruments and market making. Most of the banks in India are owned by state or are completely private like ICICI and HDFC bank.

Here are some of the top investment banks in India

Investment banks India

Bajaj Capital

Bajaj Capital expands all over the country. It expands across 120 offices in 50 cities along with a network of 10,000 advisor associates. The investment banking service provided capital raising solutions for business. There are fiscal planning facilities and it also gives consolation to organizational investors, non-resident indians and other investors. There is a great variety of investment schemes like life insurance, general insurance, mutual funds, etc.

ICICI Securities Ltd.

ICICI bank is the most recognized private bank in India. ICICI Securities Ltd. is a subsidiary of ICICI Bank. Its operations are in various segments like institutional equities, equity capital markets advisory services, consultant services, fiscal good distribution and retail and financial product distribution. It is spread throughout the country catering the needs of corporate and retail clients. This investment back has also been listen under Financial Services Authority, UK and MAS, Monetary Authority of Singapore (MAS).

Kotak

Kotak Mahindra Capital Company assists various banks, financial institutions, government companies with international and domestic capital markets. It leads in public equity offerings. It is a full service investment bank with core areas of mergers and acquisitions, advisory services, equity issuance and fixed income securities.

Industrial Development Bank of India (IDBI)

IDBI is a leading public sector bank. It has been categorized as “other Public Sector Bank”. The banking arm, IDBI bank was merged into IDBI.

IDFC

The various sectors under the financial assistance of IDFC are agriculture related business, healthcare, tourism and infrastructure.

Tata Investment  Corporation Limited (TICL)

TICL is a non banking financial company that has been listen under RBI in the category of ‘Investment Company’. It offers long term investments in equity of various companies from different sectors.

{ add comment }

Education Loan in India – Factors to Consider before Applying for Education Loan

in Student Loans

Education Loan India

Educational expenses are increasing by leaps and bounds and many people cant afford good education these days. If cash is your hurdle when it comes to education then education loans have come to your rescue. These education loans cover all the tuition expenses and other expenses incurred during academics. All you need to do is complete few formalities and give your documents.

Education loan is a great financial assistance that can shape the future of your child. Usually banks or financial institutions provide loans for courses like medical degrees, engineering or management studies.

Eligibility:
- The applicant should be an Indian national
- The applicant needs to show a secured offer letter especially if studying overseas
- Those applicants applying for colleges or Indian universities should have an admission through proper selection process.

There are several private banks, foreign bank, nationalized banks and private lending institutions that offer student loans. Some of the most popular banks are:

- Axis Bank Study Loan
- Bank of India Loan
- Bank of Baroda Loan
- Bank of Maharashtra Loan
- HDFC Education Loan
- ICICI Bank Education Loan
- IDBI Bank Education Loan
- Indian Overseas Bank Loan
- Oriental Bank of Commerce
- State Bank of India Loan

There are various terms and schemes offered by banks. At present they can offer up to Rs 20 lakh for studying overseas.

Following expenses are usually covered.
- Travel expenses
- Cost of two wheelers
- Examination and hostel charges or accommodation
- Cost of books, uniform and other equipment required

Education Loan Repayment
- The repayment needs to be done usually one year after the course is completed or after six months of the course when a graduate gets a job. It is in the form of equated monthly installments.

Security
- For the loans of up to Rs 4 lakhs no security is required.
- If the loans are in the range of Rs 4 lakhs to Rs. 7.50 lakhs then there is an involvement of third party guarantee.
- If the loans are above Rs Rs. 7.50 lakhs then collateral security or guardian/parents/third party guarantee is required .

The security can in various forms like land/building, public sector bonds, units of NSC, KVP, UTI, gold, shares or LIC policy. It can be bank deposit in the name of parent/guardian or student.

Tax Benefit
- One can also avail tax benefit. The repayment of loan is deductible under Section 80C according to the Income Tax Act. This is usually for the loans taken for higher education like post graduate courses or masters. It is deductible for usually eight years starting from the day of repayment.

Following is some of the factors one should compare before applying for any education loan.
- Interest rates
- How the interest rate is charged?
- The waiver period
- Fees and other costs like administrative fees, processing fees or documentation costs.
- Collateral, guarantee required.
- The down payment which has to be made with every loan. It ranges from 5 percent to 20 percent of the amount.

{ add comment }

Ways to Save Money on Your Household Bills

in Ways To Save Money

Save Money on Your Household Bills

With fluctuating economy there is a dire need to stop the budget from overshooting. With few measures and steps one can save money on household bills. You will reap huge savings if you are cautious and make smart moves in long run. One should make saving their habit in day to day life and you will save big bucks gradually.

Here are some of the ways to save money on your Household Bills.

1. Cut down on mortgage
One of the best ways to save big bucks on household bills is to save on monthly mortgage payment. You might have got the best interest rate but you can also think of refinancing at even a lower rate if your have worked on improvement of your credit score.

2. Coupons, discounts and offers
Keep yourself informed about what is happening around. Avail various discounts and offers. Clip the coupons from the newspapers and find them online. One can save around hundreds of dollars every month on grocery bills.

3. Bundle the services
Club all the cable, telephone and internet services by subscribing with the same provider. One can easily save $20 or more than that every month.

4. Buy in bulk
You will save lot of money if buying in bulk. Non perishable items like toilet paper, tooth paste, soap and other supplies can be bought in bulk. Grab the good deals and stock up on such items.

5. Save on maintenance and repairs
It is very important to take care of your house from the start so that you wont end up spending a lot on maintenance and repairs. Make sure your house is in good shape and any of the damage is fixed immediately. Address various problems as soon as possible so that the inexpensive repairs wont become big and then cost you a bomb.

6. Saving money on electricity and home heating bills
- Programmable thermostat
You can save money on the energy bills by installing a programmable thermostat. It can be programmed according to your needs when you are asleep or away from home. It is said that thermostat should be turned down to 10 degrees if going to work and when going to bed. This will save around 14 percent on the utility bill.

- Compact Fluorescent Lighting
Compact Fluorescent Lighting should be used that use half of the energy compared to incandescent light bulbs. They also last longer in addition to saving energy.

- Furnace should be cleaned and checked at frequent intervals. This is an effective way to cut down on heating costs.

- Change the air filter on the furnace regularly and a dirty air filter will only decrease the life expectancy of the furnace blocking the air flow.

- Don’t run appliances like dishwashers and washing machines frequently only when you are running full loads of dishes or laundry.

- The shades and blinds should be open and natural daylight should be allowed. There is no need to run light bulbs throughout the day.

- Temperature of the water in water heater should be around 115-120 degrees tats will reduce the use of power.

{ add comment }

← Previous Entries

Next Entries →