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Top News of This Weekend                 (6 Sept. to 11 Sept.,2010) Presented By:- SupriyaNayyar
HDFC reintroduces dual rate Home Loan Scheme ,[object Object]
Under this new dual fixed rate structure, loans up to the end of this fiscal will be priced at 8.5%.
While for FY12, loans would be priced at 9.5%.
Thereafter, loans would be linked to the then prevailing Prime Lending Rate.
HDFC raised its retail prime lending rate by half a percentage point.,[object Object]
SBI’s Base Rate now stands at 7.5% a year.
SBI wants to continue with scheme as it has been a Profitable one.
It will make HDFC its prime competitor in the Home Loan Turf---run for its money.
As HDFC’s benchmark rate, its fresh home loans upto Rs.30 lakhs are now available at 9.25% a year. & Loans above Rs.50 lakh at 9.75% per annum.,[object Object]

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Top news of this weekend (6 sept

  • 1. Top News of This Weekend (6 Sept. to 11 Sept.,2010) Presented By:- SupriyaNayyar
  • 2.
  • 3. Under this new dual fixed rate structure, loans up to the end of this fiscal will be priced at 8.5%.
  • 4. While for FY12, loans would be priced at 9.5%.
  • 5. Thereafter, loans would be linked to the then prevailing Prime Lending Rate.
  • 6.
  • 7. SBI’s Base Rate now stands at 7.5% a year.
  • 8. SBI wants to continue with scheme as it has been a Profitable one.
  • 9. It will make HDFC its prime competitor in the Home Loan Turf---run for its money.
  • 10.
  • 11. The regulator has highlighted the fact that Willis India had not divulged details of the charges to its overseas parent.
  • 12.
  • 13. The big change is that the same tax slabs will apply to men & women and the tax exempt savings have been recast.
  • 14.
  • 15. It appears that investments in PPF, PF,NPS, Premium for Pure Life Insurance and in savings schemes as notified by the government are eligible for this deduction under EEE treatment.
  • 16. EEE refers to the Tax Incidence ---exempt at the time of Investment, exempt during accumulation, and exempt at withdrawal.
  • 17.
  • 18. Alex Wynaendts, Chairman of the executive board & CEO of Aegon.
  • 19. Aegon has a 26% stake in its India JV with partners Religare and Bennett Coleman & Company holding 44% & 30% respectively.
  • 20.
  • 21.
  • 22.