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It’s showdown time for the two biggies in the housing finance sector: SBI and HDFC. After the economic meltdown, most banks switched their attention from not-so-profitable commercial lending to retail lending, which have formed a sizeable part of their credit portfolio in the recent past. State Bank of India (SBI) was the frontrunner with its [...]

Many employees who contribute an amount to the Employees’ Provident Fund (EPF) will now be impacted on account of a change that will come into effect on April 1, 2009. The change will be visible for the management of privately-managed trusts and will impact the manner in which return for investors is generated by them. [...]