FINANCE TIP OF THE DAY
Can you afford your loan?!
Know the quantity of loan you can afford. The banks may sanction loan based on your income but you should look at your monthly expenditure and see if you can afford the maximum that banks offer. As a thumb rule, remember not to let your credit exceed 40% of your income!
Search Results for: total number of branches of pnb in india
re and expands its branch network to more than 500. The bank’s capital has gone up by Rs 380 crore thus making its capital adequacy ratio (CAR) 20%. In the next fiscal the bank intends to start 125 new branches across India thus taking the total branch number to 400. Also, another 550 ATMs would be launched thus raising the ATM number to 1000. Currently, the bank is present in 14 states having 275 branches and 450 ATMs. The bank plans…
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Foreign banks may get entry in India but only if they fulfill the condition that they participate in the total financial inclusion. Senior officials of the finance ministry say that RBI is eager to reciprocate signals by UK, Europe and US. As of now, 12 banks of foreign origin can start branches in India, within a year and this number will go up to 20. This decision follows UK expressing interest in allowing Indian banks to function there…
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