ArticleField.comInternet's Fastest Growing Free Content Article DirectoryWhat Is a payday advance? A payday advance is an extremely brief-term loan. This is a money advance that has to be repaid by the next payday from the day the payday advance has been deposited into your account. This tends to make the duration of a payday advance a maximum of three weeks, and […]
Two global private equity majors-Carlyle Group and Warburg Pincus-offloaded substantial chunks of their holdings in two of India’s leading financial services firms – HDFC and Kotak Mahindra Bank, respectively – through block deals on Wednesday, jointly worth about Rs 2,200 crore ($440 million). CMP Asia, a Carlyle Group fund, sold 2 crore shares (about 1.4%) […]
RBI, has slashed the cash reserve ratio (CRR or a portion of deposits banks have to keep with the RBI) by 0.5 per cent to 5.5 per cent, signaling the reversal of the rate hike cycle after nearly two years, and to give a push to growth. It also increases the scope for reducing lending […]
State Bank of India has more than doubled the minimum income requirements for availing its car loans, worried its aggressive plan to tap the bottom of the car-buyers pyramid could saddle it with dodgy assets. The country’s biggest bank will now offer car loan only to those who earn at least Rs 2.5 lakh a […]
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. […]
