Jun 09, 2011
A machine that spat money! Automated teller machines (ATMs) were a thing of wonder in the 1990s. But that was then. Today, a visit to the nearest ATM can help you accomplish a myriad of tasks, such as utility payments,
Jun 08, 2011
U.S. consumer credit outstanding shot up by $6.25 billion during April after a downwardly revised $4.82 billion rise in March, reflecting a rise in student and car loan.
Jun 08, 2011
Banking and monetary regulator Reserve Bank of India has decided to work on towards further increasing the security features of credit cards. So far the credit card had magnetic strip attached to them as a security feature.
Jun 08, 2011
According to Ramesh Iyer, managing director, the non-banking finance division of the $11.1-billion Mahindra Group is looking for in-principal nod from the securities market watchdog Securities Exchange Board of India (SEBI) and it shoul
Jun 07, 2011
RBI is determined to bring inflation down.For this it has increased its repo rates 2-3 times in last three months. With pressure for liquidity Banks increased rates for all Loan products.
Jun 07, 2011
The terms of your Car loan are based on your credit score. If you have perfect credit, you receive the lowest possible interest rate. If you don't, you have to pay more because of your questionable repayment history.
Jun 07, 2011
The National Housing Bank (NHB) has increased standard assets provisioning on retail home loans from 0.1% to 0.4% that will impact the earnings of housing finance companies.
Jun 06, 2011
With rates above 10% with almost all banks and no teaser schemes, a large section of Home loan seekers have pushed there requirement for future.
Jun 06, 2011
Shares of Housing Finance Development Corp (HDFC) fell 3% to 659.70 on Friday on news the National Housing Bank ( NHB) has asked housing finance companies to set aside more funds for less riskier retail home loan portfolio.
Jun 06, 2011
If the customer gets a one time cash flow, he can use that to make a lumpsum pre-payment and reduce the outstanding balance on his home loan.