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The RBI has asked banks to set aside higher provisions on their teaser loans as a measure to discourage very strong expansion in such loans.

Corporation Bank and LIC Housing Finance Ltd--are not keen to continue with their so-called teaser loans and may even consider terminating them before schedule. This follows the Reserve Bank of India's decision to raise the provisioning on

Not everyone has direct access to thousands of Rupees to cover immediate expenses. Your personal financial budget is likely already divided up into payments to cover your bills and lifestyle plus a little extra to occasionally bolster up the

Banks may review their pricing strategy; may discontinue the product. In the second quarterly review of the credit policy, the Reserve Bank of India (RBI) further tightened the noose around teaser-rate home loans.

Hoping to discourage them, RBI in its monetary policy review yesterday increased provisioning for teaser loans to 2 per cent from 0.4 per cent. The central bank also capped all home loans at 80 per cent of the value of a property.

Although the Reserve Bank of India (RBI) has hiked key policy rates by 25 basis points, corporate borrowers need not worry about higher interest rates on loans, at least in the near term. Banks are unlikely to raise interest rates immediately

Diwali’s a time for gifting —- spreading the joy, so to say. Corporates, especially, are a busy bunch around this time, sending out parcels for patrons, business contacts and employees alike.

The RBI has also made it harder for banks to offer teaser rates where the home loan rates is fixed for few years and later it turns into a floating rate

There has been a major pick up in credit flow to industry, services and personal loan segments during the current financial year. However, credit flow to agriculture has declined more, data released by the RBI as part of Macroeconomic and Monetary

Deutsche Bank is in talks with at least four other banks and financial services companies, including Yes Bank and IndusInd Bank, to sell its credit cards portfolio in India, three people familiar with the development said, on condition of anonymity.