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The number of establishments accepting card payments is expected to grow several fold with specialist payment firms making large investments in the electronic payment space. Atos Worldline the company which processes one of three credit card transactions in India after its acquisition of Venture Infotek aims to grow its network of two lakh credit card […]

Citigroup Inc on Monday reported its seventh straight quarterly profit, with a 74 % jump in Q3 earnings to $ 3.77 billion, as the financial services giant recorded lower losses from bad loans. The entity had a net income of $ 2.17 billion in the July-September period of 2010, the US-based Citigroup said in a […]

State Bank of India (SBI) has brought many exciting offers this Diwali to help you celebrate the festival of lights in a grand way. These include car loans, home loans and gold sale. “We are offering the purest form of gold coins at competitive rates in the market. All coins will be available at 1% […]

In a move that might make life a little easier for Non-Resident Indians (NRIs), the RBI, in September, announced a series of liberalisation policies with respect to foreign exchange transactions. Here are a few such changes that will simplify the process of remittances both in and out of the country. Convenience of joint holding Resident […]

The recent downgrade of State Bank of India by Moody’s Investor Service has evoked strong reactions from the markets and policymakers. While predictably the stock markets tanked, a section of the policymakers and bankers has questioned the credentials of the agencies and the rating process. On October 4, Moody’s — one of the big three […]