May 18, 2011
With hike in interest rate, news loans as well as existing loans have become expensive, as majority of home loans is on floating basis. A hike of 50 basis points will make your EMI (equated monthly installments) go up by Rs 600-650 per month
May 16, 2011
Since RBI raised the policy rates by 50 bps recently, we can expect banks to follow suit and increase the interest rates but it may not happen immediately. The possible hike in interest rate will impact car loan borrowers heavily.
May 16, 2011
Indian consumers have started using their credit cards more often than before, driven by higher income. Soaring inflation has no doubt pushed up card spend, but even the number of transactions has increased, albeit a falling base.
May 16, 2011
A good way to do this is by paying your credit card dues in full and on time. In case you want a substantial loan, you will also have to increase your income level and pay all your previous outstanding loans.
May 13, 2011
State Bank of India (SBI) has increased its lending rates by 75 basis points (bps), making its housing, auto and other loans costlier for both new and existing borrowers.
May 13, 2011
HDFC Bank is the last bank to finally raise lending and fixed deposit. The central bank increased 50-basis points (100 basis points (bps) = 1%) increase in policy rates on 3rd May.
May 13, 2011
Domino's Pizza, a leading food brand and a market leader in the pizza home-delivery segment in India, is trialing credit card payments over the phone, for home delivery of its delicious and hot pizzas.
May 12, 2011
Higher demand for loans from home buyers, combined with robust business practices that lead to a low-cost structure, helped housing finance major HDFC to increase its net profit for the quarter ended March 2011 to Rs 1,142 crore,
May 12, 2011
The salaried class is dream category for banks when it comes to making lending decisions. After all, those in the category have a stable source of income and they seem to be the best placed to deal with equated monthly instalments.
May 12, 2011
Transaction through credit cards in the country went up by 22.15% during 2010-11, touching Rs 75,515.68 crore in value terms.