The Art of Money by KG

RBL bank, earlier name Ratnakar bank was established in 1943 and currently it is one of the fastest growing private banks. It provides customer centric solution for almost all segments of Indian market like large institutions, Small Entrepreneurs, Individuals, etc. RBL boasts of robust management which took charge in 2010. The current MD and CEO of RBL bank is Mr. Vishwavir Ahuja. He previously served as MD and country CEO of Bank of America for the Indian subcontinent. Under his able and creative leadership, RBL has quickly transformed from a traditional bank to new age bank with usage of latest technology. In the last six years RBL has invested heavily in building strong banking platform. RBL has a total business size of over Rs 31000 crore. It has around 201 branches and 365 ATMs across 16 States and Union Territories. Issue Details ·          Issue date: 19 th August 2016 to 23 rd August 2016 ·          Issue price: Rs 224 to Rs 225. ·          Face value

Dilip Buildcon is Bhopal; Madhya Pradesh based Private sector Engineering, Procurement and Construction Company with primary focus on road projects in India. Core business of Dilip Buildcon is construction projects across India in road and irrigation sectors with primary focus on Highways, city roads and bridges. Company also owns largest fleet of construction equipments in India and one of the biggest employers in Construction sector with more than 17500 employees.  In last 5 years company has completed construction of 51 road projects in Madhya Pradesh, Gujarat, Himachal Pradesh, Rajasthan and Maharashtra. Now they have presence in 14 states of India. Company Promoters Dilip Suryavanshi, Seema Suryavanshi, Devendra Jain and Suryavanshi Family trust. Issue details ·          Issue date:  August 1, 2016 to August 3,2016 ·          Issue Type: Book built issue IPO ·          Issue price: Rs 214 -  Rs 219 per Equity share ·          Market lot: 65 shares

Dear Friends, You all should have heard about the current Sovereign Gold bond scheme going on for the current financial year 2016-17 (For latest details please visit my another post --> Link ).  SGB is available with tenure of 8 years with exit options available in 5 th , 6 th , 7 th year also. Let’s discuss about this scheme in detail. What is Sovereign gold bonds (SGB) scheme? SGB is a government security issued by Reserve Bank of India on behalf of Government of India . It is denominated in grams of Gold. You can buy from a minimum of 1 gram to a maximum of 500 grams. SGBs are simple and useful substitute of holding physical gold. Benefits of SGBs There are multiple benefits of investing in SGBs over holding physical gold. 1.     SGB is available both in paper as well as Demat format. 2.     Risk and cost of secured storage of physical gold is fully eliminated. 3.     No extra/hidden charges like making charges. 4.     No issue regarding

One of the leading private banks in India, ICICI bank is offering a very good option of Flexible Recurring deposit by the name iWish. This is really a great concept and offers a great flexibility to user. Biggest plus point of iWish is use of Goal based saving and use of Social networking to share the goals and wishes with family and friends. User can see their savings as the percentage of goal achieved, this gives an added push for the user to save more and achieve goal. Now the first question, who can open an iWish account? Anyone having a savings account with ICICI bank and having net-banking activated can open a savings account. Process of opening an iWish account 1.     Login to your account using ICICI net-banking.  (http://www.icicibank.com/)       2.     Go to Exclusive offerings à iWish – flexible RD 3.     Click on Start Now and create a new goal Now you are all set to rock and roll. Now comes one more important ques

Types of Bank account in INDIA Dear Friends, There are multiple types of accounts provided by bank which caters to the various needs of the customers. Today we will go through the details and features of such accounts. 1.       Savings Account: ·          This is the most common type of bank account. It is the sophisticated form of the Piggy bank which we all would have used in our childhood. Savings account allows us to withdraw or deposit money multiple times. There are some added facilities like ATM card, Cheque books, Withdrawal forms which help us to do monetary transactions. There are limited numbers of transactions available in savings account. ·          Savings account is generally used to keep our money in a bank. It earns us an interest of 4-6% per year.  Most PSU banks give 4% interest but some private players have made the market better for customers by giving 6 to 7% interest (based on some conditions). ·          Most banks keep a minimum amount