Money market is the market for short term debt finances. It comprises of the call and notice money market, repo market and the market for debt instruments such as treasury bills that have an original maturity of less than one year. The money market does not exist in a specific physical location or follow a [...]
After the Yorkshire and Chelsea building societies met to discuss a possible merger yesterday, it has been reported that the two plan to go ahead with the deal to create the second largest building society in the UK. The Yorkshire is already the second largest building society in the UK to the Nationwide, and Chelsea [...]
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Securitization began in India in the early nineties. CRISIL rated the first securitization programme in 1991-92 when Citibank securitized a pool from its auto-loan portfolio and placed the paper with GIC Mutual Fund. The market for ABS has been stagnant largely for want of a suitable enabling regulatory framework. In the Indian context, the benefits [...]
The Indian economy is growing strongly which ensures better recovery and asset valuation. Progressive bank reforms and low interest rates will increase borrowing activity to meet their financial targets. Banking industry is making rapid strides with Information technology driven initiatives and has led to expansion of products (i.e.) expansion of financial services giving birth [...]
If your a student , there’s no reason you shouln’t have an account with no fees and no minimums. If you decide to stick with a big bank account , make sure your in a student account with no annual fees.Here is a example of what you need to say! You: Hi i’m a student [...]