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Never mind the potholes, the narrow lanes, the long waits in traffic jams, India’s appetite for cars seems insatiable. Car prices may be up because of input cost increases, petrol prices may be high and Car loan interest rates may be climbing.

Amid introduction of illegal online forex trade by certain companies, the Reserve Bank has asked credit card issuing companies to not permit payments for such transactions.

State Bank of India (SBI) would try to increase its market share in deposits and loans, without taking a hit on its margins and profitability, said Pratip Chaudhuri, the bank’s new chairman.

Seeking to temper the highly charged-up discourse on the teaser loans and the bank's confrontational approach with the RBI, newly-appointed SBI Chairman

Its been more than six decade since India transferred to itself the ruling powers from the hands of the British and called itself a democratic republic. Hopes were high when the British left India with proud Indian rulers and their new found powers

Signaling softening of rates, two state-owned banks Central Bank of India and Oriental Bank of Commerce have already reduced their fixed deposit rates by up to 1% on various maturities beginning April.

State Bank of India (SBI), the country’s largest lender, may have a managing director (MD) for its international operations. SBI now has four MDs, compared to two earlier.

Ending the uncertainty over senior appointments at State Bank of India (SBI), Pratip Chaudhuri on Thursday took over the chairmanship of the country’s largest lender.

Non-food credit from scheduled commercial banks went up by 22.8 % to over Rs 35 lakh crore for the one-year period ending February 25, 2011, led by good lending to the industrial and service sectors.

For these 23 people, it was a shock they are yet to come to terms with. First, it was credit card bills running into lakhs a month for jewellery, garments and furniture purchases, which they never made.