As a fall out of the financial crisis the RBI came up with the idea of a Financial Stability Unit to monitor the economy and carry out regular stress testing and creating related reports. The current report has mentioned that the first FSR has indicated concerns relating to rising inflation, government borrowing and capital flows.… Read More »
Some banks have indicated that because of sufficient liquidity in the system at this point, they may not hike the lending rates. This would mean loan customers need not worry about increase in EMs at this point. But sooner than later, hike in lending rate is imminent. So loan customers, be prepared for your EMIs… Read More »
In effect this will mean that almost close to Rs 12500 crores will be taken out of circulation. Meaning there will be a reduction in loans being given out at least at the lower spectrum or alternatively and practically this could lead to increase in interest rates, more competition among banks to get customers (better… Read More »
Teaser loan schemes are personalized products introduced in the market in order to entice more clients. Although most of the banks have stopped offering teaser loans, SBI and HDFC Bank still offer these loans. With these schemes the customer can make a choice and reduce the interest rate during the initial years of the loan.
The fiscal 2009-10 saw a dull performance by the personal loan segment, according to the macroeconomic report from the RBI. The rivals of personal loans, viz education loan and home loans however did not display such poor performance. While personal loans showed a 4.7% increase last fiscal as against to 6.6% growth last year, its… Read More »
Public sector bank, Bank of Baroda intends to open 12 foreign branches this fiscal. M D Mallya, CMD of the bank said, “By June, we will have a branch in Auckland and we will open our tenth branch in the United Kingdom. This fiscal, we also plan to expand in the African subcontinent and would… Read More »
The 4th quarter of the fiscal just ended saw a big increase in credit flow which helped banks to fulfill the credit growth estimate laid down by the RBI. The big portion of credit flow in this period was from the retail loan section but saw a big decline in credit to the home loan… Read More »
The present scenario is indicates that restraint of inflation is the need of the hour, far more crucial than economic recovery. This is believed to be the RBI’s chief idea when announcing the monetary policy today.
Use chip based credit cards. These cards offer better security than credit cards with black magnetic stripes. This is because in a chip based card, all information is stored in the small chip in encrypted format and it also uses a PIN. This makes changing or copying this data extremely difficult. So, the chance of… Read More »
The recession taught Indians value of money. So how to manage/use the salary hikes in an effective way so that it brings a fruitful return? Is it the time to splurge or go slow? Or is it prudent to continue with the austerity measures that one discovered during the lean time? Now, is it really… Read More »