Syndicate Bank, a leading public sector bank, has lowered its housing and auto loan rates for a limited period up to march 2010. According to the revised rates, the banks would provide home loans at 8.25 percent interest rate for

Debt is a major problem especially nowadays when we are confronting ourselves with major financial problems. The power to buy goods decreased very much in the past months and it is becoming very hard for people to purchase any kind

The World Bank has promised to grant loans to the Indian city of Surat to help it combat the climate changes, said Mayor Ranjit Gilitwala.Gilitwala said that Surat is one of the 10 cities chosen in the Asian Cities Climate

In a seminar on Micro, Small and medium sized Enterprises (MSMEs) organised by Confederation of Indian Industry (CII) , KC Chakrabarty, deputy governor, RBI said that despite the global economic crisis, there is enough flow of capital within the Indian

N Chandrababu Naidu, leader of Telugu Desam party, has asked the government to sancton loans, in addition to launching relief measures, to farmers, small traders and vendors who lost their means of living.Visiting several flood affected sites like Mopidevi, Challapalli,

A senior official from Insurance Regulatory and Development Authority, IRDA, said that the regulator is considering whether to allow banks to collaborate with two to three insurance firms.Currently, IRDA prohibits banks from having tie-ups with more than one insurer.R Kannan,

Axis bank's net profit grew by 32 percent in the July-September quarter to Rs 531.64 crore, over the corresponding quarter the previous year.The growth was mainly due to increase in other income and decline in cost of funds. Mr. Somnath

Housing Development and Finance Corporation, better known as HDFC, registered a growth of 24.2 percent in the July-September quarter. Net profit for the second quarter rose to 663.9 crore as against Rs 534.2 crore in the corresponding period a year

From October 15, there would limits to the amount and number of transactions for a customer using ATMs of other banks. According to the new regulation, a customer would be allowed Rs 10,000 per withdrawal and the number of transactions

The current economic slowdown has resulted in a decline of over 12 percent in credit card payments.As indicated by RBI's data, till August last year, the amount of credit card transactions was Rs 27,834 crore but it started sloping down