Bank

SBI extends special home loan scheme indefinitely

State Bank of India (SBI), India’s largest lender and the largest home loan player, has extended the date of special home loan rates for new and women borrowers beyond March 31 for an indefinite period. Last December, SBI had cut its home loan rates by up to 0.4 per cent for new borrowers and for women customers an additional concession ... Read More »

Key highlights: Raghuram Rajan holds rates in RBI’s first bi-monthly review

In its monetary policy review, the Reserve Bank of India has kept key rates unchanged. The cash reserve ratio (CRR) has also been kept unchanged at 4 per cent. Presenting the first bi-monthly review as the new financial year begins on Tuesday, RBI Governor Raghuram Rajan said the downside risks to growth have increased marginally since January. HIGHLIGHTS FROM THE ... Read More »

Key highlights: Raghuram Rajan holds rates in RBI’s first bi-monthly review

(Photo: Associated Press) In its monetary policy review, the Reserve Bank of India has kept key rates unchanged. The cash reserve ratio (CRR) has also been kept unchanged at 4 per cent. Presenting the first bi-monthly review as the new financial year begins on Tuesday, RBI Governor Raghuram Rajan said the downside risks to growth have increased marginally since January. ... Read More »

Best Loan Buys

Are you scouting for a loan to buy a house, a car or for your child’s education? Given below are the best deals on offer from public and private sector lenders. (Data provided by Deal4Loans.com; All rates updated till March 14, 2014) [“source-businesstoday”] Read More »

Loans set to get costlier as RBI raises repo rate by 0.25 pc

Reserve Bank Governor Raghuram Rajan on Tuesday again surprised the markets and raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for corporates. “…an increase in the policy (repo) rate by 25 basis points is ... Read More »

Best Loan Buys

Are you scouting for a loan to buy a house, a car or for your child’s education? Given below are the best deals on offer from public and private sector lenders.   [“source-businesstoday”] Read More »

Financial Well-Being Index

The study attempts to highlight the Indian household’s perception of their own financial health and economy (Graphic: Pragati; Survey By: Principal Retirement Advisors) [“source-businesstoday”] Read More »

Besst Loan Buy

RELATED HDFC Bank launches toll-free banking service Chidambaram woos education loan borrowers Are you scouting for a loan to buy a house, a car or for your child’s education? Given below are the best deals on offer from public and private sector lenders.   [“source-businesstoday”] Read More »

Financial Well-Being Index

The study attempts to highlight the Indian household’s perception of their own financial health and economy (Graphic: Pragati; Survey By: Principal Retirement Advisors)           [“source-businesstoday”] Read More »

Axis Bank launches Aadhaar-based eKYC facility for rural banking

(PHOTO: Reuters) Axis Bank has started an eKYC (know your customer) facility for account openings by business correspondents in rural areas, and aims to open 1 lakh such accounts over the next three months to drive its financial inclusion programme. The facility, which uses the Aadhar database, will enable a bank account to be opened within 24 hours as against ... Read More »