Banks find ways to stay healthy in tough times

Private banks have devised a variety of strategies to remain competitive amid the slowdown that is likely to engulf India. The new private sector banks such as Kotak Mahindra Bank and Yes Bank will focus on rural India and emerging sector banks to stay profitable while the larger banks like ICICI Bank and HDFC Bank […]

RBI won’t open licence floodgates

Several corporates aspiring for banking licences may end up being disappointed with the Reserve Bank of India’s licencing policy. As against the hopefuls who run into several dozens, the central bank is likely to grant licences to only a handful that it feels may make the mark. “It is likely that RBI will set out […]

Low Interest Credit Cards

When searching the Internet for the best low card credit interest rate does not make the assumption that all credit cards are created equal. The fact is, if you take the time to learn to find the best credit card offer you can not result in a minimum interest rate, as you originally planned. Like […]

Banks, NBFCs see unsatisfied demand for gold loans

With frequent hikes in key rates by the Reserve Bank of India and subsequent upward revisions in interest rates by banks and financial institutions, personal loan have become costlier. Individuals going for personal loans have to shell out more money towards interest cost depending on the loan amount and the risk profile. Small traders and […]

Emerging economies faring better in downturn

Look at the state of the economy from anywhere in America or Europe these days and all is gloomy: Governments deep in debt. Consumers reluctant to spend. Businesses afraid to hire. But gaze out from the vantage of some of the world’s emerging economies and the picture gets brighter. Although few will pretend that their […]