Mumbai: A day after the government raised import duty on gold to 8 per cent, Finance Minister P. Chidambaram on Thursday said the surging imports are unsustainable and advised the banks to tell custo

Mumbai: The housing loan market is expected to grow between 18 and 20 per cent because of rapid urbanisation, double income families, nuclearisation of families etc, while the low income housing loan

Mumbai: At a Mumbai branch of gold loan provider Manappuram Finance Ltd, customer walkins have halved in the past week. At another, customers are rushing in to release their pledged gold, expecting f

Mumbai: The quarter per cent reduction in repo rate by the RBI on Tuesday is not likely to bring down interest rates on home loans, personal loans or car loans.
The central bank in its mid-quarter mo

Mumbai: In the backdrop of their threat to file a winding up petition in court, Kingfisher Chairman Vijay Mallya today met a group of pilots and engineers and is understood to have told them he was t

With banks providing less than 10 per cent of the budget target as loans to 1 lakh tenant farmers in the state so far this fiscal, Chief Minister N. Kiran Kumar Reddy on Friday asked bankers to improv

Government has asked public sector banks (PSBs) to review the level of activity in rural accounts which were opened under financial inclusion drive.

The state-owned banks were recently asked to ensu

The Finance Ministry is considering a proposal to relax funding norms for the realty sector so that good housing projects are not starved of funds.

"The Ministry is actively looking at options ... ho

Next time you go to an ATM to withdraw cash, don't worry about the banknotes getting sucked back by the machine if not collected immediately, as RBI has asked all banks to immobilise the 'cash retract

The government has asked banks to focus on 'Urban Financial Inclusion' to ensure at least one bank account per family among poor in cities.

The directive comes at a time when the government has been