About Muthoot Finance: Largest Gold Loan finance company. Revenues from Gold loan contribute most of the income of the company. Total income of Muthoot finance was Rs.2315 Crore for year ending on 31st March 2011,,nearly 112% of the previous year while total profit after tax was Rs.494 crore ,with growth of more than 116% than…
Interest On Application And Refund Money:
Today,season of NCDs and tax saving infrastructure bonds is on.Normal procedure is that first investor needs to apply and bonds are alloted as per response to the issue.Application money remains with the issuers account from date of application of investor till allotment date.. if investor do not get allotment then money is refunded to the…
REC-Tax Saving Infrastructure Bonds 2011-12:
Rural Electrification Corporation(REC) , a Navratna PSU company under ministry of power has come up with a issue of tax saving infrastructure bonds.Details of this issue are as follow: Issue Open date: Dec 19,2011. Issue Close date:Feb 10,2012. Interest rates for different tenor are as follow: Options 1 2 3 4 Tenor 10 Yrs 10…