Feb 12, 2011
The cost of bank funding to the thriving gold loan segment has increased by 150-200 basis points following the Reserve Bank of India decision to remove the priority sector lending benefit available to commercial banks, under the agriculture
Feb 12, 2011
Loans from the country's largest bank have turned more expensive with the State Bank of India revising its base rate, prime lending rate (PLR) and returns on term deposits with effect from Monday. The increase will apply to
Feb 11, 2011
More than two years after a spate of defaults on personal loans forced lenders to turn cautious on unsecured advances, the number of credit cards, which are a source of unsecured loans, continues to shrink.
Feb 11, 2011
He first had to deal with his credit being cloned and now, the State Bank of India has sent him the bill for the culprits booking train tickets with his money.
Feb 10, 2011
Dewan Housing Finance Corporation Limited (DHFL) has launched Aadhar Housing Finance Private Limited, targetting the ‘bottom of the pyramid’ home loan space in Uttar Pradesh and other states with similar socio-economic profile.
Feb 09, 2011
The next time you swipe your debit card at a petrol bunk, use a credit card to buy a movie ticket or pay a bill online, do it at your own risk. A new survey of security in Indian banks has revealed that many of them do not
Feb 09, 2011
Each individual has a dream of having your own home and property. For those who can not afford to spend huge sums of money both to buy the dream home loans there to help. There are many mortgage lenders out there on the market, ready to help you.
Feb 08, 2011
State Bank of India's (SBI) Q3FY11 profit after tax was up 14% YoY at Rs 28.3 bn (10% higher than our estimate). Performance on operating parameters was significantly better than we had anticipated.
Feb 08, 2011
Non-banking finance companies (NBFCs) engaged in gold loan business may overhaul their business models, especially the fund-raising pattern.
Feb 07, 2011
A personal loan is and should be taken to tide over emergencies only. It should not be taken on whims or just because one feels like splurging. They carry high interest rates or if it is a secured personal loan then you may lose your collateral.