Nov 28, 2011
Axis Bank is "closely examine" its exposure to infrastructure projects, Indian banks who have turned cautious amid a slowdown in the sector.
Nov 28, 2011
Banks and credit card issuers such as American Express and ICICI Bank which have co-branded cards for its valued customers with Kingfisher, are busy drawing up back-up plans for and offering alternative value propositions.
Nov 26, 2011
State Bank of India revised upwards interest rates on FCNR-B and NRE rupee deposits in foreign currencies by up to 1 percent.
Nov 26, 2011
Domestic inflation and the depreciation of the rupee are likely to keep interest rates high for a while, Chanda Kochhar, managing director and CEO, ICICI Bank.
Nov 25, 2011
State Bank of India (SBI), has cut off pre-payment charges on home loans, giving some succour to borrowers who want to foreclose their accounts.
Nov 25, 2011
CIBIL TransUnion score can be obtained online by making a payment via a credit/debit card or netbanking account, and authenticating by answering 5 questions about ones loans or credit cards,
Nov 24, 2011
ICICI Bank looking to buy loan portfolio's of European banks. "The opportunity to pick up some good assets at good pricing clearly exists. So, that's what we are looking at all the time and exercising it whenever we see the right opportunity,".
Nov 24, 2011
SBI has decided to waive Pre-payment charges on home loans to both Floating and Fixed rates, for old and new home loan customers. With this decision, SBI is the only bank which does not charge any fee from pre payment their home loans
Nov 23, 2011
India rupee declined to its all time low level of rs. 14.35 Against the Dirham. The local unit plunged to 52.50 against the greenback as foreign exchange markets opened, causing further problems for the RBI as it tries to
Nov 23, 2011
Citigroup is trying to turn after the financial crisis by focusing on emerging markets, where economies are still growing relatively quickly.