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Private sector Axis Bank plans to launch six additional branches in Mumbai making it total number of branches in Maharashtra to 181 by March 31. These branches, located in the Mumbai Circle, also include branches in Navi Mumbai and Turbhe.

The Reserve Bank of India has issued guidelines for all lenders to implement a system for providing online alerts, that is, emails for all card (credit as well as debit card) transactions irrespective of amount latest by June 30.

The Muthoot Pappachan Group (MPG) has decided to enter home loan business targeting low income clientele, whose monthly income is between Rs 10,000-30,000. Muthoot Housing Finance will operate as a 100% subsidiary of Muthoot Fincorp - non-banking

“The past couple of years have seen a big cleanup of the credit card books in the industry with the remaining customers being typically higher credit quality and with higher credit limits,” a senior HSBC official told Financial Chronicle.

Customers will get alerts on their e-mails for all transactions done through their debit or credit cards from June 30, 2011.

The Reserve Bank of India and State Bank of India may still be arguing on whether the fixed-cum-floating rate home loans should be termed 'teaser' or 'terraced'.

Spiralling inflation, rising interest rates, a flat stock market and falling bond prices - this has largely been the scenario in the country over the past six months or so

In addition to companies, there is another set of borrowers who may have to closely watch Reserve Bank of India's actions; those of us who have taken loans.

Faced with inadequate information on the subject, the HRD ministry will, for the first time in more than 60 years, launch a massive survey on the state of higher education in the country.