Your Credit Score Holds More Credit Than You Think

Aug 22, 2015 2:35:00 PM

 

To what extent are you creditworthy? What is the qualifying credit score for loan application? Is a good credit score the major deciding element in getting your loan sanctioned without any hassle? Such questions frequently rack your mind but are often remained unexplained.

Let’s decode the complex phenomena of credit score basis the five major elements illustrated...

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Investors eye the opportunity in the personal finance space

Aug 22, 2015 1:36:00 PM

 

Amazon, one of the world’s largest E-commerce giant has picked up stake worth Rs. 375 crore in online financial services marketplace BankBazaar. Andormeda, the biggest offline loan disbursal company acquired ApnaPaisa.com recently to get a hold on online market.(Read full story of acquisition here.)

Personal finance space is witnessing interest drawn towards it from...

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Even Tiny Tots Attract Big Daddies Of Talent

Aug 22, 2015 11:26:00 AM

 

MUMBAI | BENGALURU: It is not just the Unicorns (startups with billion-dollar-plus valuations), but a fair sprinkling of younger and smaller ventures are also attracting top global talent back to India. A bunch of senior executives is quitting high-flying careers abroad to join smaller startups such as Edureka, OYO Rooms, Urban Ladder, Faaso's and Housing.com in India. In June...

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Quirky Designations A Trend At Start Ups

Aug 21, 2015 6:07:00 PM

 

For start-ups, innovation is the key. That extends to designations offered to employees, too. Founders of start-up ventures are increasingly taking the off-beat route to give themselves new titles at the workplace.

Consider the case of Asheesh Mehra: The former Infosys business process outsourcing head's visiting card for his recently launched start-up, Antworks, says...

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RBI grants in-principle nod to 11 Cos for payment banks.

Aug 21, 2015 11:52:00 AM

 

The Reserve Bank of India (RBI)  granted in-principle nod to 11 payment banks applicants. The RBI had received 41 applications for payments banks The central bank has approved applications of National Securities Depository Limited (NSDL), Reliance Industries , Aditya Birla Nuvo , Airtel M Commerce among others.A payment banks differs from conventional banks as it cannot...

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Taking A Personal Loan- Be Cautious

Aug 18, 2015 5:30:00 PM

 

Scrutinizing your financial tolerance before seeking loans.

In recent years, personal loans have become wildly popular as they are the easiest type of loans that a borrower can avail. Their biggest benefits? No End-use monitoring, No Collateral Required and a 72 hours Process. While a personal loan is the most suitable choice for many purposes, there...

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ICICI Bank Launches Smart Vault

Aug 18, 2015 12:42:00 PM

ICICI Bank launches 'Smart Vault', a first-of-its-kind locker facility by a bank in India with latest robotic technology.

The 'Smart Vault' uses robotic technology to access the lockers from the safe vault and enables customers to conveniently access their lockers at any time of their preference, in the comfort of a secure lounge where the locker automatically comes up to the...

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ICICI Bank Eyes Rural Market With Cheaper Home Loan

Aug 11, 2015 6:27:00 PM

ICICI Bank has launched a rural home loan scheme at its base rate of 9.70 per cent in a move that would help it meet the twin objectives of accessing cheaper funds from National Housing Bank and meeting priority sector lending target of the Reserve Bank of India (RBI). Christened as ICICI Bank saral rural housing loan, the scheme will offer a minimum amount of Rs 5 lakh and a maximum of Rs...

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Economic Times: Points to consider before applying for a personal loan

Aug 10, 2015 6:49:00 PM

Personal loans are popular because they are easy to avail, the lender doesn't monitor the usage and doesn't ask for a collateral. But don't take a loan just because you can. Before you borrow, consider how the repayment will...

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NextGen Marwadis Growing out of family biz to head "New age" enterprises

Aug 4, 2015 2:51:00 PM

AHMEDABAD, JUNE 4:

What a transformation it has been! The Marwadis have come a long way since they first emerged from the arid Marwad region of the then Rajputana (now Rajasthan) in the mid-19th century to spread across the Indian sub-continent, prompting the phrase Jahan na jaye bail-gaadi, wahan jaye Marwadi (A marwadi businessman would even go to areas where a bullock cart could...

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LoanStreet.in announces its official launch

Aug 4, 2015 2:37:00 PM

LoanStreet.in, an online marketplace for complete financial solutions has announced its official launch of its platform. It acts as an online-cum-virtual counterpart to Finstreet Financial Services Pvt. Ltd. LoanStreet.in claims that it offers financial solutions to customers to ensure they get the best offers in terms of lender, price and right experience.

For a layman,...

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HDFC Bank launches aggregator app for all types of payments

Jun 15, 2015 11:25:00 AM

The second largest private sector lender HDFC Bank claimed to have done a global first by launching a mobile phone application that will aggregate merchants' applications and allow users to transfer funds, shop, pay utility bills, book tickets and recharge phones. "Our investors told us that banking will become obsolete and will be taken over by intermediaries. If they (intermediaries) were...

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Mobile banking goes to rural India

Jun 15, 2015 11:22:00 AM

State-run Canara Bank's two sponsored regional rural banks (RRBs) in Kerala and Karnataka on Wednesday launched an immediate payment service through the National Payments Corporation of India (NPCI).

"The innovative facility will enable customers of Kerala Gramin Bank and Pragathi Krishna Gramin Bank to send and receive payments from their mobile handset round-the-clock and...

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Indiabulls Housing Finance launches Indiabulls Customer Connect

Jun 15, 2015 11:19:00 AM

Indiabulls Housing Finance has announced the launch of 'Indiabulls Customer Connect', an exclusive branch to address all service related enquiries of the customers.

Centrally located at Ground Floor, E- 28, South Ex II, New Delhi 110049, this branch will be a one stop solution shop for all consumer related issues for our Delhi & NCR customers. Through this...

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NextGen marwadis growing out of family biz to head ‘New Age’ enterprises

Jun 5, 2015 10:41:00 AM

AHMEDABAD, JUNE 4:

What a transformation it has been! The Marwadis have come a long way since they first emerged from the arid Marwad region of the then Rajputana (now Rajasthan) in the mid-19th century to spread across the Indian sub-continent, prompting the phrase Jahan na jaye bail-gaadi, wahan jaye Marwadi (A marwadi businessman would even go to areas where a bullock cart could...

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LoanStreet.in: Your Most Preferred Online Partner for Financial Services is Here

Jun 2, 2015 6:40:00 PM

Choose from a large variety of finance options with seamless assistance till the money is credited into your account

LoanStreet.in, the online marketplace for complete financial solutions, announces the official launch of its platform. Serving as the virtual counterpart to Finstreet Financial Services Pvt. Ltd, the core USP of LoanStreet is to ensure that customers...

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RBI cuts repo rate by 25 bps in monetary policy review

Jun 2, 2015 2:20:00 PM

The Reserve Bank of India (RBI) cut interest rates for a third time this year on 2nd June 2015, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest.The RBI's quarter point reduction in the repo rate to 7.25 percent was predicted by 35 of 48 analysts polled by Reuters. Previous cuts,...

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ICICI launches voice 'password' facility for users

May 29, 2015 10:22:00 AM
MUMBAI: Country's largest private lender ICICI Bank today said it has launched a service where customers can make transactions using just their voice, without using other means of authentication like a password.The voice recognition service authenticates customers based on their speech patterns and allows them to execute banking transactions through the bank's call centre, the bank said in a...
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Private banks like ICICI Bank, HDFC Bank & Axis Bank selling off government bonds

May 22, 2015 12:58:00 PM
MUMBAI: It's not just foreign institutional investors ( FIIs) that have adopted a negative view on Indian sovereign paper, even some domestic banks appear to be seeking higher rates in the short-term amid turmoil in the global bond markets. Private sector lenders including ICICI Bank, HDFC Bank and Axis Bank have reportedly sold government bonds worth thousands of crores of rupees in the past...
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Axis Bank to launch 'tap & pay' cards

May 16, 2015 9:33:00 PM
Close on the heels of State Bank of India, Axis Bank has said that it will start incorporating NFC technology in credit and debit cards and upgrade 50,000 point of sale terminals to enable acceptance of 'tap and pay'feature. Reacting to the Reserve Bank of India's move relaxing two-factor authentication norms for NFC based payments below Rs 2000, Jairam Sridharan, president, retail lending and...
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