Gold loans are loans granted in lieu of depositing gold with NBFCs or banks. The concept of pledging gold for money has been around for centuries. However, the entry of banks and other lending institutions in the domain has made it a more formal and transparent process vis-à-vis money lenders. According to recent reports, more […]
Reserve Bank of India (RBI) has slashed home loan base rates yet again, thereby leading to lower home loan rates. Existing home loan borrowers can opt for a home loan balance transfer.
As our dependency on credit cards has increased, so have the frauds. If you go by the newspapers, in Hyderabad alone, over 200 people have first-hand experienced credit card fraud in the first four months of 2015. And, Hyderabad is just one example. Such frauds are not restricted to one city alone but are fast […]
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Buying a home is the one of the most heavy-duty expenditure we take up in our lives. And, given the huge amount of loan one has to sign up for, it’s no mean feat. In such a scenario, taking a joint loan comes off as a breather. Take a look at the pros and cons of […]
For the first time since Feb 2010, the credit card base of the country has gone beyond the pre-crisis level, crossing the 20-million mark. As per the data from the Reserve Bank of India (RBI), credit cards reached 20.29 million at the end of December 2014. According to bankers, boom in the e-commerce industry and […]
In a major boost to promote the use of contactless card transactions, India’s apex bank — The Reserve Bank of India — has decided to waive off the second level of authentication on card transactions. This move will enable customers to carry out transactions up to Rs. 2000 without PIN authentication by using the fast-emerging […]
State Bank of India (SBI), India’s largest bank and cards issuer has launched contactless debit and credit card on Thursday. The contactless card named sbi INTOUCH comes with a latest near-field technology (NFC) enabling users to make payments by waving or tapping the card near the contactless reader instead of swiping or dipping it. Speaking […]
On 7 May, country's largest lender, State Bank of India launched a RuPay Platinum debit card, in association with National Payment Corporation of India (NPCI). The occasion was marked with the presence of Arundhati Bhattacharya, Chairman, SBI; B Sriram Managing Director & Group Executive (National Banking), SBI; and AP Hota, MD and CEO, NPCI. The […]
India’s third largest private lender, Axis Bank, has launched a new service enabling its customers to transfer money using social media platforms. The service allows customers to use such platforms as WhatsApp, Facebook, Twitter, e-mail and SMS through Ping Pay, a mobile application to transfer money. By launching this service the bank is looking to […]
