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LIC Housing Finance, a subsidiary of Life Insurance Corporation (LIC), may enters into banking business soon. “We may rope in a consultant for our proposed foray into banking business, if that is required. This will happen after the final guidelines on banking license is out by RBI,” LIC Housing Finance declined to give any time […]

High Interest rates and increasing ratio in bad debts makes credit card under fire. Bank shows less interest in issuing new cards because of bad debts and recovery. The banks had taken a careful approach in issuing credit cards during the year ended March 2011. The number of credit cards in India affected and declining […]

71 % of the Credit card market holds by SBI, HDFC, ICICI and Citibank. All these are top players in credit card market of India. Active Credit Card ratio in India dropped 35 percent. Banks withdraw credit cards form defaulters and before approving new cards banks quarried on high level. Decline in payment transactions through […]

HDFC Beats SBI in Market Capitalisation. But if we look at balance sheet of both banks, then SBI is five times bigger than HDFC Bank. SBI is Government bank and if we looking for any loans and accounts, First word comes in our mind is SBI and second is HDFC. HDFC Bank built on the […]

In mean time, peoples pay more money with their credit cards. Payment through credit cards up by 22 % in last financial year. But the active credit card goes down by 2.7%. Debit cards transactions increased by 46.5 % because of the increase in ATMs chains. Most of the banks issues ATM for their saving […]