May 03, 2011
Banking leader State Bank of India dropped ‘prepayment charges' on all its loans over the past fortnight. The announcement coincided with the hiking of the bank's base rate and withdrawal of the controversial teaser home loan schemes.
May 03, 2011
In order to augment its fee income component, private sector Yes Bank is on a spree of partnering with non-bank lenders catering to different segments and is in the "final stages" of tying up with mortgage lender HDFC, a top official said.
Apr 30, 2011
LIC Housing Finance, the second largest mortgage company in the country, will soon withdraw its special scheme where loans are available at a fixed rate for the first five years.
Apr 30, 2011
ICICI Bank ended the quarter to March reporting good numbers — a strong 44% growth year-on year in net profit along with an improvement in asset quality and a better-than-expected growth in net interest income. This comes after almost six quarter
Apr 29, 2011
Keep a tab on your credit score: The key to getting the best rate of a personal loan is by maintaining a clean credit history. Your credit history is recorded by the credit rating agency (CIBIL) which in turn gives you a credit score.
Apr 29, 2011
One of the several sweeteners the finance minister announced during Budget 2011 has become reality. On 21 April, the Reserve Bank of India (RBI) notified scheduled commercial banks to implement the new
Apr 29, 2011
India's largest private sector bank by market capitalisation ICICI Bank will unveil its Q4 March 2011 results today, 28 April 2011. Bank of Baroda, LIC Housing Finance, Crompton Greaves, Biocon, JSW Energy, Alfa Laval, BASF India, Bata India, GTL,
Apr 28, 2011
HDFC Bank, India’s second largest private sector bank, inaugurated its landmark 2000th branch at Mangaliya Sadak in Madhya Pradesh. Mr. Bharat Shah, Group Head, HDFC Bank inaugurated the branch.
Apr 28, 2011
The relaxation in norms for provision of bad loans will help commercial banks in India. Banking regulator RBI has said that banks need not maintain a 70% provision coverage ratio beyond September 2010 on an ongoing basis.
Apr 28, 2011
Ravi Menon, head-foreign exchange, Cox & Kings, says the best way to travel is to carry a mixed bag of travellers’ cheques, credit cards, debit cards and prepaid travel cards, besides some cash.