Mumbai based, Central bank of India is planning to sell its home finance arm in the next two months and is trying to raise the valuation of the mortgage company before selling it. Bank sources say that the bank has

The crime branch of Mumbai has arrested three youths involved in a Nigerian fake credit card fraud. The police have identified them as hemant Arora, sumer Shaikh and calod Wilfred Lobo. They have been remanded to police custody till 3rd

Banks from Dakshin Kannada district have not been able to achieve the RBI mandated credit deposit ratio. Credit deposit ratio is the proportion of loan-assets created by banks from the deposits received. The higher the ratio, the higher the loan-assets

A recent RBI report on Benchmark prime lending rates (BPLRs) revealed indicates that the proportion of sub-PLR loans has decreased over the previous year. it says that around 67 percent of the loans disbursed by the banks were sub-PLR as

The latest data released by the Reserve Bank of India reflects that government owned banks increased their market share in the credit business by 220 basis points between June 2008 and June 2009 while the share of private and foreign

An incorrect or bad credit report can hinder you from availing a loan. A single false information or transaction can spoil your creditworthiness thus affecting your ability to buy a car, a home or even a credit card. Lenders can

Now traders in Theni district can pay value added tax (VAT) online through State bank of India's website. Before this, they paid taxes at the offices of Department of Commercial Taxes or bank branches after filing e-returns.According to a recent

Banks saw an increase of over 30 percent in sales of gold coins and bars on Dhanteras as compared to last year.Some banks recorded the highest ever sales of yellow metal. Leading Indian banks like State bank of India, ICICI

In the wake of economic crisis and stricter regulations by credit card issuers, credit card usage has declined considerably.The count of active credit cards in India in August had decreased from 243.67 lakh in April to 219.49 in August. This

Indian investors have started reallocating their investments portfolio amidst rising inflation and a likely interest rate hike. A survey by ING, a Dutch financial services firm indicated that 40 percent of Indian investors were willing to re allocate their investments