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Why the State Bank of India is in love with home loans


In yesterday’s edition of The Daily Reckoning
, I had discussed why teaser rate home loans are a bad idea. Arundhati Bhattacharya, the chairperson of the State Bank of India (SBI), recently put forward the idea that the country’s largest bank should be allowed to launch teaser rate home loans. 887 more words

Equitymaster

CHANGE IN PERSPECTIVE - Article by Abidan Shah

A CHANGE OF PERSPECTIVE – Article by Abidan Paul Shah

(Published in the newspaper Daily Dispatch, Henderson on August 22, 2015)

After my last article – “Why we love our community?” – many of the readers thanked me for refuting a report floating on Facebook that we are one of the worst places to live in North Carolina. 526 more words

Community

Pension issues in SBI–a petition addressed to the Bank by Ramchandra Upadhyaya:

Quite pertinently meaningful a petition addressed to the Chairperson of State Bank by Ramchandra Upadhyaya, a retiree as General Manager of the Bank, in most logical an order with facts and figures, is the one that warrants a close perusal by the pensioners of all cadres in India.

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Sbi

Pension issues in SBI -Justice delayed is justice denied: (Part 1)

Like cries in the vacuum, like talking to the authorities concerned with deaf ears, like bubbles scrambling in a river for their survival, the pensioners in State Bank of India are disparately gasping for some relief that is all the times denied to them both by SBI management and the Government of India. 478 more words

Sbi

It is a big deal. Why payment banks will change the banking game for you and me

The Butterfly Effect holds that a butterfly flapping its wings in some place can, in theory, cause a hurricane somewhere else weeks down the line. The term, coined by Edward Lorenz, came into vogue as weather forecasters saw that a small variation in initial atmospheric conditions can lead to completely unanticipated weather outcomes elsewhere. 1,268 more words

SBI Launches Buddy App For Android

Country’s largest lender State Bank of India on Tuesday launched a mobile wallet app, SBI Buddy, in collaboration with Accenture and MasterCard. 306 more words

Tech News

World Humanitarian Day - August 19th 2015

If you are a refugee who has crossed a border to seek safety, international law offers you some protection. But if you are displaced within your own country, you are often beyond help. 979 more words

Rotary