Bachelor's Area

IDFC is back on track in 2009-10, largely led by traction in fee-based income, though core business also showed improved performance. Net interest income from infrastructure lending maintained last year’s growth rate of 34 per cent year-on-year (yo-y), aided by improved net interest margins of 2.8 per cent. Non-interest income rose 55 per cent to Rs 950 crore after falling marginally in 2008-09 due to increase in the equity book, jump in assets under management (led by mutual funds) and strong momentum in capital markets. Net profit rose 42 per cent to Rs 1,062 crore, as provision for loans declined 15 per cent due to near-zero non-performing assets. IDFC’s balance sheet size grew 13 per cent to Rs 33,562 crore - almost double the growth rate of 7 per cent clocked in 2008-09 - as loan book expanded 21.5 per cent to Rs 25,000 crore. Gross approvals tripled, while gross disbursements jumped 60 per cent, mainly on account of alower base of last year. The widening gap between disbursem...

Do you think that recession is going to be over now. So dear friends you are wrong, this is just the start, the Zimbabwe thing alerts us, but noone cares about that time, stilla very less are concerned about this. No problems at all, soon you need not to worry about this, because nothing would be left to get worried about. Today India's Sensex closed below 10,000, so its jus a begining, recession is coming. So, better take precautions, otherwise things will be more worse than one expected. Recession is coming... make your own judgment, don't panic! Do what is wise. The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the is expected to last. Suggestions: 1. Don't take any loans; buy homes, properties with loans, or even cash. Keep as much cash as possible. 2. Pay off as much of personal loans, private loans, as debt collection will be hastened. 3. Sell any stocks you can even at lower pr...

Banking in Switzerland is characterized by stability, privacy and protection of clients' assets and information. The country's tradition of bank secrecy, which dates to the Middle Ages, was first codified in a 1934 law.All banks in Switzerland are regulated by the Federal Banking Commission (FBC), which derives its authority from a series of federal statutes. Opening a Swiss bank account too is no big deal. All you need is a valid passport and $10 million and you can go either directly to the bank or use a broker,since $10 million is the minimum balance one should have to open an account in Swiss Bank. There is a lot of paper work involved but nothing that will scare depositors away. Once an account — either numbered, which costs more, or with your name — is created, you are assured of complete privacy. Swiss bankers are not even supposed to reveal that you are a client, let alone the details of your account. So once you have a Swiss bank account, all you have to do is to ensur...

Since many sites offer buying of items and services online and to help them some sites provides their services to help the customer.but while making an account on such sites like paypal ,alertpay and others they ask to add ur credit card information. But people who think adding your card is not safe to these sites,by the way this is fully safe,but still you you dont want to add your card to these sites then try making virtual credit card,this is the service offered by banks for online things.I dont know about other banks but HDFC provides this service and I also registered on Paypal using this. Once you register on HDFC bank for netsafe you get a functionality to create a virtual card.opt that and create your card.This card is same as your card with different card number.its expiry period is around 3 months( I guess) and once its used it gonna expire.SO its the safest thing you can do.Try HDFC bank for this service and enjoy the services of paypal with much more comfort...!!! If you ha...