ArticleField.comInternet's Fastest Growing Free Content Article DirectoryMaruti Suzuki’s sales slipped more than half, down 52% to 51,458 units, compared with 1,07,555 cars sold last October. The company, which also posted its worst quarterly results on Saturday, with a 60% slide in profit for the July-September period, attributed the decline to the recurring workers’ unrest that led to an output loss of […]
The responsibility of the repayment goes on to the co-borrower or the family members of the deceased borrower. In a normal situation, if the borrower was insured the family could use the claim proceeds to settle the loan. But what if that money is not sufficient? And if it is, then the family is left […]
Despite high interest rates, rising disposable incomes and affordability is leading to high growth in personal loans. According to the sectoral data on bank credit as on September 23, released by the Reserve Bank of India (RBI), personal loans have grown by 15.2 % at a significantly higher rate compared to the growth of 8.6 […]
Higher savings bank rates are good. But look at other factors like transaction costs, post-tax returns. Within a week of the Reserve Bank of India deregulating savings bank rate, banks have begun announcing higher interest rates for their savings bank accounts (SB). YES Bank raised its rate by 200 basis points (bps) to six per […]
ICICI Bank Ltd., India’s largest private-sector lender by assets, Monday exceeded market expectations with a 22% jump in second-quarter standalone net profit as its loan portfolio grew and it benefited from a sharp decline in provisions. Net profit for the July-September period rose to 15.03 billion rupees ($307.5 million) from 12.36 billion rupees a year […]
