are cracking down on payday loan companies because of high interest rates. GetECash says that if you pay your loan back on time, the interest rate is actually lower than bank fees and is much faster. The problem is people often compare the higher interest rate of late payments to regular bank rates.) November 13, 2009 –- States are cracking down on payday loan companies because of high interest rates....
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ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar today said there were no plans for acquisitions or mergers by the countrys largest private sector lender and there was no proposal to change the interest rates structure.''We have acquired two banks in the past, but there is no proposal for any acquisition or merger at present,'' Ms Kochhar said addressing a press conference on...
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ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar today said there were no plans for acquisitions or mergers by the country’s largest private sector lender and there was no proposal to change the interest rates structure.''We have acquired two banks in the past, but there is no proposal for any acquisition or merger at present,'' Ms Kochhar said addressing a press conference on...
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src="http://static.ibnlive.com/pix/sitepix/10_2009/gold-on-diwali-90.jpg" alt="GOOD NEWS: Gold interest rates are likely to decline rather rise." title="GOOD NEWS: Gold interest rates are likely to decline rather rise." border="0" width="70" height="50" align="left" hspace="5"/>Interest rates of gold are likely to decline rather rise....
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State Bank of India (SBI) today reduced interest rates on deposits by 25-50 basis points across select maturities in an attempt to push up margins. The nationalised bank also extended its popular home loan scheme, offering an interest rate of 8 per cent, till March 31, 2010.The deposit rate cut will be effective from November 9. According to the revised structure, deposits in the 15-45 day bracket...
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HDFC Chairman Deepakh Parekhsaid that interest rates could rise by 0.25-0.50 per cent by the end of thisfiscal, while there would not be an immediate increase."I don't seethe interest rates rising soon. By March may be, you could see a 0.25-0.50 percent increase in interest rates," Parikh said at a functionhere.Credit off-take, which is slow currently, would grow by 20 percent this fiscal, he said."The...
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MUMBAI: HDFC Chairman Deepakh Parekh said that interest rates could rise by 0.25-0.50 per cent by the end of this fiscal, while there would not be an immediate increase. "I don't see the interest rates rising soon. By March may be, you could see a 0.25-0.50 per cent increase in interest rates," Parikh said at a function here. Credit off-take, which is slow currently, would grow by 20 per cent this...
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: Closely following the banking leader SBI, Bank of Maharashtra has revised downwards interest rates on term deposits by 25 basis points, effective from November 16.The realignment of interest rates was part of effective liquidity management in the current surplus liquidity senario, the Bank said in a release here adding that the rate would be reviewed as soon as there was change in the liquidity in...
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The Reserve Bank of India (RBI) did not make any changes in the key policy rates in its monetary policy review, but indicated that interest rates will harden sooner than later. The repo, reverse repo and cash reserve ratio (CRR) were left untouched. However, the statutory liquidity ratio (SLR) was restored back to 25 per cent from the earlier 24 per cent. While the change in SLR is hardly expected...
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government has announced an increase of 0.5 per cent in the interest rates on all new fixed deposits put in primary cooperative societies and cooperative banks during November, an official release said. The interest rates applicable for these deposits are: 4.5 per cent for deposits made for 15 to 45 days, 5.5 per cent for 46 to 90 days, 6.5 per cent for 91 to 179 days, 8.5 per cent for 180 to 364 days...
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