ArticleField.comInternet's Fastest Growing Free Content Article DirectoryThe country’s second largest private sector lender, HDFC Bank, has decided to hike fixed deposit rates by up to 100 basis points and lending rates by 50 basis points in line with industry trend. Deposit rates across select maturities will be revised upward from 25-100 basis points effective tomorrow, sources said. Similarly, base rate or […]
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The Insurance Regulatory and Development Authority (Irda) is vetting a proposal to allow life insurance companies to invest in gold and exchange-traded funds, or ETFs. The move will provide greater flexibility to local insurers to invest in various asset classes. A senior Irda official said the regulator is weighing the two options. “We may allow […]
Growth of economy, expected wage increments, demand for consumer goods has prompted private and foreign banks to pay more attention to unsecured loan segment but they would prefer doing it selectively, focusing more on their internal customers to minimize the risk of deterioration in asset quality. Neeraj Swaroop, Standard Chartered Bank’s regional chief executive for […]
Rising interest rates could take a toll on the Mumbai residential property market and also hit auto sales in India and China, two reports released by international banks said on Wednesday. In a an industry overview on the Mumbai real estate market, Bank of America Merrill Lynch (BofaML) has projected that over the next 6 […]
