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Non-food credit up 22.8 %: RBI

Non-food credit from scheduled commercial banks went up by 22.8 % to over Rs 35 lakh crore for the one-year period ending February 25, 2011, led by good lending to the industrial and service sectors. As per the latest data from the Reserve Bank , the non-food credit on February 25 stood at Rs 35,49,744 […]

Rs 34 Lakh credit card fraud busted

For these 23 people, it was a shock they are yet to come to terms with. First, it was credit card bills running into lakhs a month for jewellery, garments and furniture purchases, which they never made. Then, they received demand letters to pay up for loans they never took. The worst was for the […]

E-stores offer offline pay option to lure buyers

If shopping online wasn’t your thing because you were wary of online scams, you can do it the good old way-using cash. Cash on Delivery (CoD), where the customer pays for what he/ she purchased once the items are delivered, used to be popular in the US when credit cards hadn’t gained popularity. Now, Indian […]

Big Bazaar to sell financial products soon

Big Bazaar, which sells staples to consumer durables, is now all set to sell financial products. Banking on the popularity of Big Bazaar, Future Group CEO Kishore Biyani is planning to sell financial products – from loans to insurance – in a store-in-store format. On offer will be car loans, home loans, property loans, gold […]

HSBC and JP Morgan raise Indian equities

HSBC and JPMorgan have upgraded Indian equities as inflation is expected to ease, following a series of rate increases and signs of the government moving to enacting laws that could smoothen conduct of business. Global investors possibly shifting back to Asia due to weakening consumer confidence in the West may also help India. “The political […]