loans

Key Tips Before Applying for a Car Loan

Wed, Dec 11, 2024

Thinking of taking a car loan? Hold on! While it's common knowledge that you pay a down payment and the bank finances the rest, the loan repayment period can extend up to seven years. However, the loan tenure you choose directly affects the interest rate, making it crucial to carefully evaluate this before applying. In this video, we'll discuss the top 5 tips to help you avoid wasting your hard-earned money by rushing through the car loan process.

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Gross NPAs of public sector banks at Rs 3.16 lakh crore, over 3% of outstanding loans

Tue, Dec 10, 2024

The gross non-performing assets of public sector banks (PSBs) stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, Parliament was informed on Tuesday.

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RBI Monetary Policy : It is important to think about the difference between Credit & Deposit Growth, interest rates on small amount loans are higher.

Fri, Jun 07, 2024

RBI Monetary Policy: Customer interest is top priority for RBI. Need to think about the difference between credit-deposit growth. Interest rates on small amount loans are very high – RBI Governor Shaktikanta Das.

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HDFC Bank cuts headcount to over 4,500 in third quarter on efficiences, lower hiring

Thu, Jan 26, 2017

HDFC Bank has lowered its headcount to 4,581 employees in third quarter on account of efficiencies in the system and lower hiring.

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Vijay Mallya's sweetheart deal: Sebi may order payout for small investors

Thu, Jan 26, 2017

Market regulator Sebi is likely to order additional payout to small investors by way of a fresh open offer in loss to minority shareholders of United Spirits promoted by Vijay Mallya and new owner Diageo.

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China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount

Thu, Jan 26, 2017

China's banks have extended a record 12.65 trillion yuan ($1.84 trillion) of loans in 2016 as the government encouraged more credit-fueled stimulus to meet its economic growth target.

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Utkarsh Small Finance Bank to offer 1 to 1.25% higher deposit rates than other banks

Tue, Jan 24, 2017

Find out how Utkarsh Small Finance Bank will offer higher deposit rates to customers. 

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Indian banks' loans up 5.1% year-on-year in two weeks to January 6: RBI

Fri, Jan 20, 2017

Indian banks` loans rose 5.1% in the two weeks to January 6 from a year earlier, while deposits rose 14.7%, the Reserve Bank of India`s (RBI) weekly statistical supplement showed on Friday.

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US sues JPMorgan for alleged mortgage discrimination

Wed, Jan 18, 2017

The United States (US) on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.

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Deutsche Bank signs $7.2 billion settlement deal with US over risky mortgages

Wed, Jan 18, 2017

Deutsche Bank finalised a $7.2 billion settlement with the US Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.

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China to target around 6.5% economic growth in 2017: Sources

Mon, Jan 16, 2017

China will lower its 2017 economic growth target to around 6.5% from last year`s 6.5-7%, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks.

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IFCI cuts benchmark lending rate by 75 basis points

Sat, Jan 14, 2017

The company has reduced benchmark lending rate from 11.50 per cent to 10.75 per cent with monthly rests, IFCI said in a statement.

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Two-wheeler, durables loans most hit by demonetisation: Cibil

Wed, Jan 11, 2017

Leading credit information company Transunion Cibil on Wednesday said the demonetisation exercise has affected demand for two-wheelers and consumer durables loans the most.

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Asian Development Bank operations reach a record $31.5 billion in 2016

Mon, Jan 09, 2017

Asian Development Bank (ADB) operations for Asia and the Pacific reached all-time high of $31.5 billion in 2016, a 17% increase from $26.9 billion in the previous year. 

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Interest Rate Cut: Real estate companies expect more to boost demand for housing

Thu, Jan 05, 2017

After all leading banks lowered their home loan rates, real estate developers are now expecting further rate cuts in order to boost demand for housing.

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SBI slashes MCLR rate by 90 bps across maturities; effective January 1

Sun, Jan 01, 2017

State Bank of India (SBI) on Sunday reduced its marginal cost of funds based lending rate (MCLR) by 90 basis points across maturities. The new rates will be effective from January 1, 2017, cited SBI in a press release. 

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Here's full text of PM Narendra Modi's New Year's address to nation

Sun, Jan 01, 2017

Prime Minister Narendra Modi in his televised speech on Saturday announced a series of incentives to the poor, farmers, women and small businesses in a New Year`s address, and defended his recent decision to abolish high denomination bank notes, according to Reuters report.

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5 IPOs that gave over 100% return in 2016

Sat, Dec 31, 2016

2016 has been a good year for companies wanting to list on stock markets to raise money. With over 80 initial public offerings (IPOs) hitting the Indian markets, over Rs 26,000 crore was raised this year. 

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Maruti Suzuki's bookings rise 7% in December despite demonetisation; here's how

Sun, Dec 25, 2016

Maruti Suzuki on Friday announced that it has bounced back from the impact of demonetisation in December by posting a growth in bookings of 7% till date. This after bookings had declined by 20% in November post demonetisation.

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Indian banks' loans up 5.8% in two weeks to December 9: RBI

Sat, Dec 24, 2016

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Loan disbursement continues to fall post demonetisation, says BFIL

Tue, Dec 20, 2016

Non-banking micro-finance company, Bharat Financial Inclusion Limited (BFIL), on Tuesday unveiled data that showed post demonetisation loan disbursement has witnessed a steady decline.

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Fruit, veggie vendors may shut shop as cash crunch continues

Tue, Dec 13, 2016

Local fruit and vegetable vendors are planning on shutting shop on account of the cash crunch that is prevailing due to the withdrawal of higher denomination currencies.

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Vijay Mallya's Twitter account hacked

Fri, Dec 09, 2016

A group called ‘Legion’ tweeted from Vijay Mallya’s account on Friday, giving details of his whereabouts in London along with his phone number and assets held with several banks.

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