Convert Lakhs to Crores to Million to Billion – Conversion Calculator
You can use this simple calculator online to convert Millions to Lakhs or Lakhs to Millions . You can also use to convert millions to crores or billions etc
Misc
9.50% IFCI NCD Issue Jan 2015 – Details & Review – Tranche II
9.50% IFCI secured redeemable non-convertible debentures (NCD) Issue January 2015
IFCI has opened its public issue of NCDs Tranche II on 01-Jan-2015 & it closes on 04-Feb-2015 offering 8 investment options with yield upto 9.50% . This is the second NCD issue by IFCI with previous one issued in Oct 2014.
Type of Instruments – Public issue of the secured redeemable non-convertible debentures (NCD)
Size of Issue –Rs. 250 crore with an option to retain oversubscription up to the residual shelf limit of Rs. 790.81 crore
Listing – Proposed to be listed on NSE & BSE (within 12 working days of closing the issue)
Credit Rating – Brickwork Ratings ‘AA-’ with ‘Stable’ outlook, ICRA ‘A’ with a ‘Stable’ outlook. These NCDs are ‘Secured’ in nature and in case of any default in payment...
Shriram Transport Finance STFC NCD July 2014 – Details & Review
Shriram Transport Finance Company (STFC) has opened its public issue of NCDs on 02-July-2014 & it closes on 22-July-2014 offering 8 investment options with yield upto 11.75%.
This is the first NCD issue of this financial year from STFC. The comapnby has few NCD issues in 2013-2014
Type of Instruments – Secured Redeemable NCDs
Size of Issue - Rs 1000 crore through this issue, with an option to retain oversubscription upto Rs 1000 crore, aggregating to a total of upto Rs 2000 crore.
Listing – Proposed to be listed on NSE & BSE
Credit Rating - AA/stable by CRISIL and AA+ by CARE
Investment options – Annually / Cumulative Interest for 36 months, 60 months , 84 months
Annual Interest Payment:For Individual Investors
STFC NCD July 2014 - Annual Interest Option
...
[How to] check CIBIL Credit Score & Credit Report Online in India
CIBIL TransUnion Score (Including Credit Information Report) is your detailed credit history & repayment discipline.
Every individual has the right to access his Credit Information Report (CIR). It is through this that a person can check and analyze whether he is in the defaulter list of the concerned bank or not.
Before you apply for a Home Loan, Car Loan, Personal Loan or a Credit Card, check your Credit Score.
CIBIL
Credit Information Bureau (INDIA) Limited (CIBIL) is the central repository of credit information of all borrowers. It contains data of the credit history of all borrowers associated with the member banks / financial institutions.
CIR is a factual report which gives an idea on the credit payment history of the borrower which has been compiled from information collected...
ICICI Young Stars Savings Account – Review & Details
ICICI Bank Young Stars Account is a Bank account for children in the age group of 1 day - 18 years.
Features
Free Young Stars ATM cum Debit Card - issued only on request and if your child is above 7 years of age.
You can choose limit of daily card of Rs. 1,000 / Rs. 2,500 / Rs. 5,000 per day
Special Internet Banking
Standing Instructions Facility for automatic transfer money from parent's account to child's account
Investment Features
To promote investment habits in child, ICICI Young Star account also offers
Money Multiplier facility
Recurring Deposit facility - to transfer funds to a recurring deposit for a fixed period.
Normal Banking Features
SMS alert Facility
Anywhere Banking
Free multi-city chequebook
Free Email Statement facility
Standing instructions...
Check if you are Resident or Non Resident under Income Tax Act ?
Many NRIs are not aware that the he concept of "Non-resident" is different under Income Tax Act & under FEMA.
Under Income Tax Act, the status depends on the actual number of days for which one stays in India.
A person is Resident in India
1) if he is in India for more than 182 days during the fiscal, beginning 1 April and ending 31 March.
OR
2) If he is in India for 60 days or more during the year and 365 days or more during the earlier 4 fiscals. If you fulfil both these conditions, you are regarded as a tax resident of India, though you have been in India for less than 182 days.
There are two relaxations available from this period of 60 days, which provide relief to many NRIs, preventing them from becoming tax residents of India.The 60 days clause will be replaced by 182 days in...
Send Money from UAE to India instantly – Emirates DirectRemit
UAE-based bank 'Emirates NBD' has launched 'DirectRemit' service which would enable customers to speedily transfer money to other banks in India.
A first-of-its-kind remittance service, it would also allow Non-Resident Indian (NRI) customers to remit money to any HDFC Bank Account in India in just 60 seconds.
Money Transfer time
Emirates NBD said with the launch of this service, customers can transfer money to other banks in India with their remittance being processed within an hour.
Delivery to HDFC Bank is immediate, Mon-Sat 7am-8pm UAE time.
All other bank credits will take 60 minutes, Mon-Fri 7:30am-4:30pm UAE time, Sat 7:30am-10:30pm UAE time.
Charges
Transfers to HDFC Bank and ICICI Bank accounts in India - FREE
Transfers to all other Indian banks - AED 10
According to...
12% SREI Infra Finance NCD May 2014 – Details & Review
SREI Infrastructure Finance has opened its public issue of NCDs on 09 May 2014 and it closes on 9-Jun-2014
Type of Instruments – Secured Redeemable NCDs
Size of Issue - Rs 150 crores
Listing – Proposed to be listed on BSE
Credit Rating - AA-/negative by CARE and AA by BRICKWORK
Investment option – Monthly / Annually / Cumulative Interest for 3 yrs, 5 yrs
About Company
SREI is a Public Financial Institution (PFI). It is a RBI registered non deposit taking NBFC.
The company provides financial services to its customers engaged in infrastructure development and construction, with particular focus on power, road, telecom, port, oil and gas and special economic zone (SEZ) sectors in India with a medium to long term perspective.
Total income on a standalone basis for the period ended March 31...
[How to] improve your Credit History & CIBIL Credit Score
Credit history is playing an increasingly important role in financial transactions. Almost all credit institutions today check the applicants credit report from CIBIL before deciding on loan and credit card applications. In addition to your credit report and credit score, lenders weigh a number of factors to determine if you are able and likely to repay the debt.
CIBIL Credit report is a snapshot of your past and current credit relationships. It is now mandatory to maintain a good credit score for getting all types of borrowings from banks, whether it is a home loan, car loan, personal loan or business loan.
What affects the Credit score?
Following are some points that can affect your credit score:
Irregularity in Loan repayment
Default in repayment of Credit card bill
Cheque bounce...
[How to] correct or rectify errors in CIBIL report
In my earlier post, I explained – How to check your CIBIL report & score online.
Once you have downloaded the report, you should check whether the information mentioned is correct and belongs to you.
Have you noticed any entry which does not belongs to you ? Are there any errors ? Are you in CIBIL defaulter list because of wrong data?
In this article, I will explain How to rectify such errors in your CIBIL report
1) Get a copy of your CIBIL report:
Read my post - How to get CIBIL report / score online
2) Identify the discrepancies:
Once you get the report, you should go through the report carefully. Check Basic details like Name, DoB, Address, Transactions etc are correct.
Errors / Mistakes can fall in any of the 4 categories
On your personal information
Account details
Own...