April 19, 2014 17:13 (IST)
Most of us prefer to get our car purchases financed. Car loans can be easily availed through either your own bank or even other banks. However, there are a number of frequently asked questions regarding car loans.
April 19, 2014 13:53 (IST)
RBI has been insisting on lower interest benefits to be passed on to the existing borrowers as well but it seldom happens.
Dubai | April 19, 2014 12:11 (IST)
Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India.
April 17, 2014 19:45 (IST)
Fitch on Thursday said the level of stressed loans of domestic banks, including restructured debt, may continue to rise and reach 15 per cent by the end of this financial year from over 10 per cent in 2013-14.
April 17, 2014 17:59 (IST)
Bank deposits grew at 14.98 per cent year-on-year to Rs 79,31,104 crore as on April 4, better than credit growth, data from the Reserve Bank of India (RBI) showed.
Mumbai | April 17, 2014 14:23 (IST)
Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.
April 15, 2014 21:30 (IST)
Nearly half of bank loans extended to listed small businesses, having a revenue of under Rs 300 crore, are under stress and there is a little possibility of improvement in the near future as their revenue growths will remain under pressure, according to a report.
London | April 15, 2014 21:22 (IST)
Global regulators have eased a new rule limiting how much business a bank can undertake with a single customer, as they try to minimise the risk of fallout from a counterparty going bust without imposing excessive burdens on financial firms.
April 15, 2014 17:42 (IST)
US brokerage Bank of America-Merrill Lynch has said its sees the first rate cut this fiscal year (2014-15) only in March next as inflation is expected to fall only by the end of December on a decline in commodity prices driven by the Federal Reserve tapering.
April 15, 2014 12:42 (IST)
Macro headwinds, elevated credit costs and challenges in Yes Bank's retail loan business and retail deposit base were other reasons for the downgrade, the investment bank said.
April 13, 2014 13:48 (IST)
It is time for us to act like the fund manager of a mutual fund or investment fund. Taking informed decisions to manage the asset that we call home and the liability that we call housing loan. By being prudent, you can get high 'returns' in the form of saving on interest outflow.
April 13, 2014 13:36 (IST)
The Finance Ministry is contemplating giving a fixed tenure to chairmen and managing directors of state-owned banks in order to ensure stability in operations, according to a senior official.
April 13, 2014 11:09 (IST)
A house is an investment when you look at making money from it - either in the form of rentals or by re-selling it at a higher price. That is why in personal finance, the self-occupied property is never counted as an investment asset.
London | April 11, 2014 18:54 (IST)
Barclays said on Friday it had reached a compromise in its proceedings with Portuguese construction and property firm Domingos Da Silva Teixeira in London's Commercial Court.
Mumbai | April 11, 2014 15:54 (IST)
The bank had given an initial pricing of 240 bps over the US treasury for the 5-year money and 265 bps over the treasury for the 10-year bond.
April 10, 2014 20:12 (IST)
Deutsche Bank, Germany's biggest lender, has suspended a top saleswoman in an investigation into suspected foreign exchange rate manipulation, the Wall Street Journal reported on Thursday.
Mumbai | April 10, 2014 19:24 (IST)
Citibank has said it is not keen on converting its branch operations in the country into wholly owned subsidiaries at this time even after incentives offered by the Reserve Bank of India.
Mumbai | April 10, 2014 18:28 (IST)
A panel set up by the Reserve Bank of India (RBI) has recommended that banks' base lending rate should be based on the marginal cost of funds if their average deposit tenure is on the lower side.
April 09, 2014 21:06 (IST)
MCX Stock Exchange (MCX-SX) on Wednesday announced the launch of SXBANK, a new index to capture the performance of the banking sector.
April 08, 2014 20:47 (IST)
The fall in HDFC Bank's share comes as the industry grew 4 per cent for the second consecutive year in 2013-14. As of November 2013, there were 18.7 million credit cards in the country, according to Reserve Bank of India data.