SBI improved its ranking from 70th to 57th position
Even as the world financial markets have seen either the total disappearance or the loss of positions of top banks and financial institutions due to ongoing subprime crisis, it is now time for the Indian state owned banks and financial institutions to scale heights in global markets.
State Bank of India, the country’s largest bank and [...]
SBI’s Bhatt declared as Indian of the Year 2007
Shri O P Bhatt, has been declared the CNN-IBN Indian of the Year 2007 in the Business category ahead of Vijay Mallya and the Ambanis .
After much deliberation, the jury voted for the maverick banker Shri O P Bhatt, at the helm of the State Bank of India since 2006, as the CNN-IBN’s businessman of [...]
SBI’s 1000 days Fixed Deposit(FD)
Until a few years ago, FD rates were quoted in either number of months or years, but ICICI Bank took the initiative to launch specific days FD with launch of 390/ 590/ 890 days FD.
With the turmoil in US financial market and its impending effect on India, Indian customers are now more inclined to invest [...]
How to apply for a PAN card?
Personal Account Number(PAN) is mandatory for all who are coming under the Income Tax liability. To pay the TAX to indian government, you must attain PAN card first by applying through filling PAN card application. It is also compulsory to quote PAN in all documents pertaining to economic or financial transactions notified from time-to-time by [...]
What are the documents required for PAN application?
Along with Form 49A, you need to attach the following documents:
(i) Proof of Identity – Copy of any one of the following:
a. school leaving certificate
b. degree certificate
c. depository account
d. credit card
e. bank account
f. water bill
g. ration card
h. property tax assessment order
i. passport
j. voter identity card
k. driving licence
l. certificate of identity signed by a MP/ MLA/Municipal Councillor/ Gazetted Officer
(ii) Proof of Address – Copy of any one [...]
Factors needs to consider for computing taxable income
The following factors need to be taken into consideration for the computation of total income:
(i) Residential status: This will determine what kinds of income of an assessee are taxable in India. It is important to remember that residential status is different from citizenship, and that it has to be determined separately for every assessment [...]
List of banks in India
In this post I am presenting list of popular nationalised and private banks in India. It is not the complete list but it will be more helpful if you want to find most popular banks in india. Wikipedia has detailed explanation on Banking in india. The following are the list of nationalised banks in India:
Allahabad [...]
Learning Fixed Deposits(FD) Interest Rates in Indian Banks
What is Fixed Deposits(FD)?
Fixed Deposits (FD) is a system where a person – known as a depositor – deposits a lump sum amount of money in bank at a predetermined fixed period. The longer the period of the fixed deposit, the higher is the interest rate the depositor earns. The number of days an amount [...]