Mar 04, 2011
As life becomes complex, there are financial needs that one cannot anticipate in totality. Be it a medical emergency or some unexpected expenses at a wedding, one needs a lifeline in terms of quick access to money. Personal loans do just that.
Mar 04, 2011
Credit cards are whether a boon or a curse entirely depends on usage. On one hand it can help one out of any money problems, providing a financial lifeline and helping in case of severe cash flow problems but on the other hand they are pure tempta
Mar 03, 2011
India became the largest contributor to Standard Chartered Bank Plc’s yearly profit for the first time as the country’s rapid economic growth helped accelerate demand for loans and increase fee income.
Mar 03, 2011
With the finance ministry’s economic survey backing State Bank of India’s (SBI) controversial yet popular home loan scheme, bank chairman O P Bhatt said SBI will not have to make any special provisioning for such loans.
Mar 02, 2011
The finance minister proposed to raise the priority sector limit for houses from Rs 20 lakh to Rs 25 lakh. Priority sector broadly comprises agriculture, small-scale industries, road and water transport operators, small businesses,
Mar 02, 2011
While 111 days term deposit offers savers 9.1 percent, 222 days fixed deposit gives interest rate of 9.2 percent per annum, Indian Bank said.
Mar 02, 2011
The finance minister’s thrust on giving the lower income bracket housing loans up to Rs15 lakh with an interest benefit of 1% from the present Rs10 lakh will certainly create more demand.
Mar 01, 2011
Home loans for HDFC borrowers have turned more expensive with the mortgage finance company revising its benchmark rates for the second time in less than four weeks.
Mar 01, 2011
The United Arab Emirates central bank issued new guidelines on retail loans and fees as well as capped personal loans at 20 times a borrower’s monthly salary in a bid to control lending and curb excessive charges.
Feb 28, 2011
If there's one person who would be pleased with the Economic Survey, it would be State Bank of India chairman O P Bhatt. The government has after all sided with him in the public sector banker's battle with the regulator over "teaser rates".