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To boost the development of distance learning in India, human resource development has decided on a new mechanism, which allows faster clearance of new and transparent institutions and distance education courses. The Ministry last week decided that all proposals for distance education will be discussed once a month, the Joint Committee of the University grants […]

Several corporates aspiring for banking licences may end up being disappointed with the Reserve Bank of India’s licencing policy. As against the hopefuls who run into several dozens, the central bank is likely to grant licences to only a handful that it feels may make the mark. “It is likely that RBI will set out […]

With frequent hikes in key rates by the Reserve Bank of India and subsequent upward revisions in interest rates by banks and financial institutions, personal loan have become costlier. Individuals going for personal loans have to shell out more money towards interest cost depending on the loan amount and the risk profile. Small traders and […]

Look at the state of the economy from anywhere in America or Europe these days and all is gloomy: Governments deep in debt. Consumers reluctant to spend. Businesses afraid to hire. But gaze out from the vantage of some of the world’s emerging economies and the picture gets brighter. Although few will pretend that their […]

Banks are betting big on the festive atmosphere to compensate for slow loan growth to date, waiving the processing fees, and even reduce the already thin margins. The higher interest rates offered on Fixed deposits as well. Bangalore-based Vijaya Bank is to attract customers by keeping home loan lending rates unchanged despite the recent rise in […]