Jul 14, 2011
High inflation and the sharp rise in interest rates by banks after the Reserve Bank of India's (RBI) monetary tightening has taken a toll on small borrowers’ ability to repay loans.
Jul 14, 2011
Eyeing the growing number of rich people in the country, HDFC Bank has launched a new credit card INFINIA -- which would be initially issued only to 5,000 individuals.
Jul 13, 2011
LIC Housing Finance new home loan product Freedom provides customers with a one-time option within one year of obtaining the loan to convert to a fixed rate for the next five years, subject to terms and conditions.
Jul 13, 2011
Less than 18 million of India's 1.2 Bl people use credit cards. In China, a country with a slightly higher population, more than 200 million credit cards were in use as of a year ago.
Jul 12, 2011
In a state of rising interest rates, having the option to choose between floating and fixed rates is bound to go down well with home loan borrowers. LIC Housing Finance’s (LICHF) latest housing loan scheme, Freedom
Jul 12, 2011
Buying a home is a big decision. Most of us take this decision once in life or max two times. Same is the case for choosing the bank to go for Home Loan.
Jul 11, 2011
While income from operations rose to Rs 3,800.67 crore from Rs 2,797.13 crore, HDFC’s loan book stood at Rs 124,168 crore as against Rs 1, 01,625 crores as at June 30, 2010, an increase by 22%. The loans put on the market previous year
Jul 11, 2011
If you had applied for a home loan before 1 July last year and it hasn't been renewed since then, in all likelihood, the interest on your loan is still based on BPLR. It has now been a year since the Reserve Bank of India directed banks to move
Jul 09, 2011
Why does the payment schedule of your house read different from the figure you had in mind? Most probably because you have done your mental calculation by just multiplying the total area with the cost per square foot.
Jul 09, 2011
Every time your bank asks for an additional password to authenticate your credit card transaction, you may feel a little irritated, since it takes effort to remember and type the extra words to complete the transaction.