Japan’s Mazda Motor recalled nearly 90,000 passenger cars domestically and in China due to an oil hose defect. The automaker, which is part owned by US giant Ford, will recall 35,181 units in Japan and some 54,000 in China. The cars produced from January 2006 to March 2009, have been recalled.
A top-up loan basically allows you to avail a loan amount on the value of the property of the home you are paying a home loan for. You can avail a maximum top-up loan of about 60% of the property’s market value. The usual loan tenure is about 10 years and is offered only a… Read More »
Managing a budget for your household is more than just keeping track of all the expenses for the month. It is a chart of how much income there is, how much will be spent, and what can be saved. The idea of the budget is to broadly plan for living within your means. A budget… Read More »
Banks and financial services companies are moving their focus from credit cards to prepaid cards.
Demand for loans has gone up sharply in the fortnight ending on September 10. This rise in demand is a good sign after 2 months of slow growth.
Home loan lender, Union Bank of India has said that it is anticipating a capital infusion valued at Rs 1500 crore from the government as an assistance to hike its business.
Personal loan lender, Union Bank of India would be increasing interest rates on deposits in October after the latest policy rate increase by RBI, according to Chairman and MD of the bank, M V Nair.
A penalty worth Rs 2 lakh levied on personal loan lender, Standard Chartered Bank by Enforcement Directorate has been set aside by the Delhi HC. The penalty was levied on charges of the bank taking deposit in NRI account via a person not an account holder 18 years ago.
Customers who had availed of gold loans upto Rs 1 lakh from regional rural banks (RRBs) have been allowed to make a one time repayment of the complete loan amount by Reserve Bank of India.
The central bank, Reserve Bank of India has postponed its financial inclusion plan up to March 2012. The apex bank had set the aim of bringing banking services to every village whose population is 2000 and over.