Category Archives: banks

IDBI Bank establishes 16 Ultra Small Branches in rural areas

Mumbai, April 4, 2012: IDBI Bank Ltd. has established Ultra Small Branches (USBs) in 16 locations in villages to cater to the financial needs of the rural populace and is in the process of establishing such USBs in all the … Continue reading

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50% hike in 18 months — loan making it difficult to feel at home

Property rates are, of course, the most important consideration while buying a home, but home loan rates, too, play a significant role in the years that follow the purchase. With 90 per cent of home loan customers opting for floating … Continue reading

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Shut the door on fixed-rate loan option

Experts feel interest rates may reverse soon. So, borrowers are better off with floating-rate home loans. In the past two month, many lenders like ICICI Bank, HDFC, India Infoline Investment Services and LIC Housing Finance have launched fixed-cum-floating-rate housing loans. … Continue reading

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Indian banks in for more trouble on rising bad loans

Woes for the banks in India are far from over. Bank Nifty is down 11.6 percent in the last six months. And no one is yet confident that the Reserve Bank  of India is done with increasing policy rates. The … Continue reading

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Loans to become costlier as RBI hikes repo rate

The RBI on Tuesday hiked short-term lending and borrowing rates sharply by 50 basis points for the third time in three months to tame high inflation, a move that would make all personal and corporate loans more expensive.

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