icici bank

Tax benefits of Home Loan- Overall there are two types of tax benefits that are available on the repayment of a housing loan. Interest paid on the loan is eligible for a deduction up to Rs. 1.5 lakh per annum from the taxable income of the individual under Sec 24 when the property is self-occupied or it is one ownership property lying vacant. The return of the capital of the loan along with the interest up to Rs. 1 lakh is included in the benefit under Sec 80C. Full Article

The Central Information Commission (CIC) has directed the Reserve Bank of India to disclose an advisory note it issued to ICICI Bank for alleged violation of any RBI guidelines or for contravention of the provisions of money laundering and foreign exchange acts. The case relates to an RTI application filed by SS Vohra, who had sought to know details of such advisory notes issued by the apex bank to Patna and Hong Kong branches of ICICI Bank. Full Article

Mukesh Ambani has got company of at least 29 fellow corporate executives, including four from his own group Reliance Industries , in terms of annual salaries running into crores of rupees for the latest fiscal. These include JSW Energy's Sajjan Jindal, Hindustan Construction's Ajit Gulabchand, Raymond's Gautam Hari Singhania, ICICI Bank's Chanda Kochhar, Axis Bank's Shikha Sharma, as also Infosys' S Gopalakrishnan and S D Shibulal. Full Article

Country's largest lender SBI today announced a hike in lending rates by 75 basis points (bps), making housing, auto and other loans dearer for both new and existing borrowers. State-owned SBI has increased the base rate, or the minimum lending rate, by 75 bps (0.75%) to 9.25%. The new rate is effective from May 12, the lender said in a statement. Full Article

As many as 57 Indian companies including Reliance Industries , State Bank of India and Oil & Natural Gas Corp. figure in The Forbes Global 2000 list of public companies based on their rankings for sales, profits, assets and market value. Reliance with sales of $45.3 bn is ranked 121st in the list with three public State Bank of India Group (136, $29.1 bn), Oil & Natural Gas Corp. (172, 22.6 bn) and Indian Oil (243, $52.1 bn) taking the next three places among the Indian .. Full Article

India’s largest lender, the State Bank of India (SBI) is set to increase its base rate by 25 basis points, the Business Standard reported Monday. According to the report, the SBI is set to increase its base rate by 0.25 percent before the Reserve Bank of India’s annual policy review schelduled for May 3. Full Article

The country's largest private bank ICICI Tuesday said its customers would be able to withdraw cash using debit cards at approved merchant establishments even if they choose not to make purchases from the particular shop. 'This facility will be avai Full Article

Major lenders, including State Bank of India (SBI), ICICI Bank and HDFC Bank, on Friday raised their lending and deposit rates by up to 100 basis points on the eve of the New Year. While the hike in lending rate would make auto, home and commercial l Full Article