Indian Bank’s fall 21 per cent net profit

The fall in net profit is mainly attributed to reversal of interest on account of restructured loans and increased provisioning against non-performing loans.
Indian Bank has reported a fall of 21 per cent in its net profit in the fourth quarter till March 2012 to Rs. 345.42 crore against Rs. 438.86 crore in the same period in the previous year.

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Debit And Credit cards

Debit and Credit cards

have become an integral part of our daily lives. In fact it is impossible to think of living without them. Anybody might need money at any point of time. Since it cannot be predicted when you are going to need money, these cards have come as a great option. The invention of plastic money has altered the scenario altogether. These cards are easy to operate and provide convenience of transaction. These cards have removed the burden of carrying cash. One just needs to carry the cards to any of the ATMs worldwide. It is especially useful for overseas travelers. For the globe trotters, the ATM cards are extremely option as one can swipe them at important locations anywhere in the world.

Plastic money has come as a great alternative to traditional money. It comes in form of cards under different categories of credit cards, debit cards and prepaid cards. They have provided an easy way out in situations of financial emergencies. In case of urgent need for money one can use these cards for instant money. They are extremely easy to carry and can be used at ATM of any bank. Although, it requires utmost security in handling but with proper security measures they have come as a boon in financial transactions. One just needs to insert the card into the ATM and follow the instructions on the display screen.

These cards come in categories of credit, debit and prepaid cards. The credit cards offer the most as they can be used for optimal use. These cards can be used without much limitation and users virtually have a free hand in withdrawing and spending money.

Credit card: this card has plenty of options but it should be used with attention. In case of falling into wrong hands, it can cause untold loss. So, maximum security and preventive steps should be taken when using it. On one hand, the credit card liberates the user with practically limitless spending, on the other there is risk of debt trap. The user of the card has to pay back the card company which ‘spends’ on behalf of the user or customer. This should be taken care of while shopping. One should be fully aware and cautious while spending and over spending must be avoided at any cost.
Debit card: This is a relatively secure option. It allows for spending only within limits. Although at first thought it does not seem to be a good option, but it is better because there is no danger of debt trap. One cannot withdraw money after her or his bank balance is finished. So, it offers a great option and security as well from the debt trap.

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CDC Small Business Finance

CDC Small Business Finance founded in 1978 by Arthur H. Goodman, small businesses grow by providing an array of loan programs and services.Small business owners, brokers and lenders have relied on CDC for over 30 years to provide more than $8 billion in financing,which has helped in 33 years create over $8 billion in SBA-504 financing and other funding, resulting in more than 100,000 new jobs. CDC programs assist entrepreneurs throughout California, Nevada and Arizona.

Is a not-for-profit organization stimulating economic development by serving the financing needs of small businesses in California, Arizona and Nevada. Specifically, CDC offers fixed-rate, low down-payment, commercial real estate loans for the purchase of office and industrial buildings.

CDC also offers an array of community loan programs focusing on women, minority and veteran-owned businesses – those small businesses that face the greatest obstacles to securing capital. Additionally, in 2005 CDC created the Direct Capital loan programs, which provide financing through Community Reinvestment Fund to help small businesses, including nonprofits, in qualified areas.

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The limited but safe option : Debit cards, prepaid cards

More Details about Debit cards, prepaid cards here.

Credit and debit cards have become an integral part of our daily lives. In fact it is impossible to think of living without them. Anybody might need money at any point of time. Since it cannot be predicted when you are going to need money, these cards have come as a great option. The invention of plastic money has altered the scenario altogether. These cards are easy to operate and provide convenience of transaction. These cards have removed the burden of carrying cash. One just needs to carry the cards to any of the ATMs worldwide. It is especially useful for overseas travelers. For the globe trotters, the ATM cards are extremely option as one can swipe them at important locations anywhere in the world. These cards come in categories of credit, debit and prepaid cards. The credit cards offer the most as they can be used for optimal use. These cards can be used without much limitation and users virtually have a free hand in withdrawing and spending money. In the second type of card, that is, the debit card, user is limited by the account of in his or her bank account. The third category is of prepaid cards which are typically used for shopping and gift purposes.

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It Is Better To Work with the Right Mortgage Broker

mortgage broker

If you plan to purchase a home then financing is very important factor. The best way to obtain financing is by working with a mortgage broker.

Mortgage broker is an independent loan professional, he or she are not working with a particular lender only. Mortgage broker can contact a lot of lenders and can shop the best loan rates. There are a lot of benefits in working with mortgage broker. So it is better to work with mortgage broker than with a lender. Because in working with mortgage broker, you will be having plenty of options to choose from. Mortgage broker can help you obtain wide ranges of loans. But before that you have to make sure to find the right mortgage broker that can help you out with your financing.

Are You Work with the Right Mortgage Broker

mortgage broker is the key to finance a good home loan.But in order to have good home loan, you have to find the right mortgage broker. There are a lot of mortgage brokers out there, but you have to give some of your time in order to find the best one and someone you will be comfortable to work with.

The right mortgage broker will not force you in a particular loan. A right mortgage broker will not just give you a good loan option but he or she will be the one responsible to give the documents to the lender. The mortgage broker will be the one who will deal with the lender, even if there are any problems or questions with the lender. The right mortgage broker will assist you and help you out all through out the process; he or she will be responsible with the paperwork and so on.
A right mortgage broker will tell you your situation at the moment and will give you suggestions on some loan programs.He will hand you some profile of different loans and the modes of payments, the interest rates and the likes. Certainly, different loans have different benefits and advantages, so you have to evaluate the different proposals that the mortgage broker handed you.


In finding for the right mortgage broker, you have to see if the broker will give you his or her cell phone number. This is a very important factor that you need to know, if the broker will give you his or her number.

http://needoffinance.blogspot.com/ mentioned some tips and guides in finding the right mortgage broker to help you out in having a good loan in purchasing a new home.

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Know about Broker !

whos is Broker ?

An individual person who is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders. Also, person who acts as an intermediary between a buyer and seller, usually charging a commission. A "broker" who specializes in stocks, bonds, commodities, or options acts as an agent and must be registered with the exchange where the securities are traded. Antithesis of dealer.

or

whos is Broker ?

A person or firm that conducts transactions on behalf of a client. Some brokers only conduct transactions while others also offer different types of investment advisory services. Brokers derive their profit from commissions on orders given. That is, they usually collect a percentage of the value of each transaction, though some charge flat fees. Clients may give orders in a variety of ways. One may meet with a broker, call on the telephone, or give orders over the Internet. Brokers handle two main types of brokerage accounts: advisory accounts and discretionary accounts. Brokers are only allowed to conduct transactions on advisory accounts on the specific orders of the account holder, or under very specific instructions. On the other hand, they have much more leeway over discretionary accounts, conducting transactions not prohibited by the account holder in accordance with the holder's investment goals and the prudent man rule. In practice, most brokerage firms are in fact broker-dealer firms. Most brokers must register with the SEC.

or

whos is Broker ?

An agent employed to make bargains and contracts for compensation. In the real estate industry, a broker does not make contracts and bind his or her principal but,instead,acts as an intermediary between buyers and sellers.

• The broker-in-charge or qualifying broker in an office is responsible for setting office poli- cies, supervising agents in the execution of their legal responsibilities, and complying with all regulatory requirements. All contracts with consumers are with the broker, who is the only one legally permitted to enter into such relationships. The broker may then delegate some responsibilities to agents or other licensed salespersons, but does not thereby relieve himself or herself of liability.

• Brokers have fiduciary responsibilities to their principals, called clients. They must exercise honesty, integrity, care, and skill in carrying out their duties. All other persons, called customers, are owed the duty of honesty.

• The broker must submit all written offers to the principal as soon as received and may not hold any offer while waiting for a more attractive one.

• All earnest monies coming into the possession of the broker must be deposited into an escrow account as soon as possible according to the instructions of the offer, but it may hold a check, undeposited, in a file if the offer states the check may not be deposited until the offer is accepted.

• All client monies, such as from property management activities, must be maintained in an escrow account and cannot be comingled with the broker's other funds.

or

whos is Broker ?

. A broker acts as an agent or intermediary for a buyer and a seller. The seller, buyer,and broker may all be individuals, or one or more may be a business or other institution.

eg, a stockbroker works for a brokerage firm, and handles client orders to buy or sell stocks, bonds, commodities, and options in return for a commission or asset-based fee.

Stock brokers : Stock brokers must pass a uniform examination administered by the NASD and must register with the Securities and Exchange Commission (SEC).

floor broker: A floor broker handles sell and buy orders on the floor of a securities or commodities exchange. A real estate broker shows the seller in a real estate transaction and receives a commission on the sale.

If as a real estate buyer you hire someone to represent your interests, that person is known as a buyer's agent. A mortgage or insurance broker acts as an intermediary in finding a mortgage or insurance policy for his or her client and also receives a commission.

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Which Business Loan to Take?

Here are the different types of loans:

Long-term loans are probably the most common types of loans available. These loans can be used a working capital funding source and you can repay them on a monthly basis over a term agreed with your bank or financial institution.

Short-term loans on the other hand are supposed to be repaid within a year in a lump sum, instead of monthly.

Credit lines are usually used for working capital funding. Instead of granting you the entire loan amount, the financial institution will give you a certain amount each year.

Where to get funding?

When looking around for small business funding resources, your bank should be your first stop, especially if you have a history of working together before. Familiarity does go a long way in clearing any insecurities and doubts. There are many other types of lenders as well, the only differentiating factor between each of them would be the kind of loan they grant – secured or unsecured. Banks grant unsecured loans, while financial institutions are in favor of secured ones.

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