2011: The Wild Year That Was

Every year has its ups and downs, but 2011 seemed to have more than most, creating unusual volatility in the financial markets, with wild swings that had many investors gasping for breath. In a two-week period from July 25 through August 8, the S&P 500 lost almost 17% of its value. Late in the fall, […]

How Fxdd Proves Beneficial for Forex Traders

The most influential reason that people are afraid of entering into the bold and new world of forex trading is that they thought they will lost their hard-earned money in this business. Some of them are right also because to be the successful forex trader one should have a lot of experience and have good […]

Kotak Mahindra Bank buys Barclays credit card portfolio

Kotak Mahindra Bank has acquired the non-performing portfolio of Barclays Bank’s credit card business in India. The deal, experts said, gives momentum to the sale of stressed loan market in the country which has been having a dry run following stringent regulatory norms introduced in 2007. Last month, Standard Chartered Bank bought the performing portfolio […]

Best way to simplify credit card usage

Ajay has to first deal with the question of whether he needs multiple credit cards and, if so, how many. Having more than one card is useful when a large payment has to be made or when a particular card cannot be used. Ideally, the cards should have different affiliations, such as MasterCard and Visa. […]

HDFC Bank net up 31% at Rs 1,429 crore

HDFC Bank, the second-biggest private lender, reported a 31% jump in quarterly earnings aided by profits from treasury operations and higher lending for automobile purchases and personal loans. All segments of the business grew, barring lending against shares. Interest expenses surged reflecting rising cost of funds for a bank that was built on low-cost deposits. […]