The Department of post is planning to offer banking services by starting a full-fledged bank, to be named Post Bank of India.
The communications and information technology ministry has started talks with the finance ministry on this.
Union Minister of State for Communications and Information Technology Shakeel Ahmed said there were 1,55,000 post offices in the [...]
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Bharti Airtel is looking to tie-up with private banks to offer money transfer facilities through the Western Union Money Transfer (WUMT), an international money transferring system, through their mobile handsets.
The telecom operator will soon offer the services to its subscribers, said Sharlin Thayil, Chief Operating Officer, Airtel Gujarat circle.
“We are in talks with several [...]
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Manipal based Syndicate Bank launched a scheme aimed at financing small businesses and self-employed persons.
The bank, which introduced the country’s earliest micro-finance innovation in the form of Pigmy Deposit Scheme way back in 1928 to extend doorstep banking, has introduced ‘SyndSmallCredit’, which provides financial assistance up to Rs 1.5 lakh, to small businessmen to [...]
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With huge liquidity in the money market, partly contributed by capital flows, the interest rates were expected to soften in the short term, according to Industrial Development Bank of India Chairman V P Shetty.
Interest rates have peaked. The Reserve Bank of India (RBI) was likely to use instruments other than rate hike to manage [...]
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For the first time since the housing loan boom, the country’s top three home loan providers, State Bank of India (SBI), ICICI Bank and HDFC, are approaching the Asset Reconstruction Company Ltd (Arcil) to sell bad loans from their home loan portfolios.
The move has been prompted by a sharp rise in defaults from retail [...]
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The Indian outsourcing market has seen a huge leap in the recent years with more and more companies making India their offshore outsourcing destination. The competition for a
share in the offshore outsourcing market is heating up with most nations stepping up efforts to attract companies; but in the midst of all this India still [...]
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Several banks give loans to cater to business requirements. Banks have laid out a number of products specifically catering to SSI (small-scale industries) and Small Business Borrowers.
Business loans are available to firms and corporations to meet their operating expenses; to finance for capital expenditure / acquisition of fixed assets towards starting / expanding a [...]
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Micro Business Loan is a loan who useful for small business owner to set up a a small business or expand the existing business.there are many advantages of small business loan it covers all the basic need of the small business and it is available on easy terms and condition.the small business loans available [...]
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The small traders and professional are the back bone of Indian economy.There are very potential in this sector.small capital business are now improving in Indian economy, for increase thier growrth banking sector are giving many business loan.there are many bank in this race they provide many schemes for Professional and self employed and [...]
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A company may raise funds for different purposes depending on the time periods ranging from very short to fairly long duration. The total amount of financial needs of a company depends on the nature and size of the business. The scope of raising funds depends on the sources from which funds may be available. [...]
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Business loans is popular loans in both public as well as private sector banks.The main target of a business loans is to help businessman and traders.These Loans helpful for start or expand their commercial activities.Loans to self employed professions like CA, Architects, Doctors are also a part of this category.
Types of Business Loans
* Professional [...]
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If you are in financial trouble then applying for a credit card would be a wrong step.credit card balance transfer is a good option at that time.The business of credit card is growing these days,the APR on most of the cards is 16%.The interest of these card keeps adding.In a bid to lure customers [...]
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Credit Report is like a complete data of your debits and credits. Your credit history and your debts are analyze in this report.The unsecured loans are mostly issue on the basis of this credit report.
Reports that contain the financial status of a person and his credit history and which are used to determine the [...]
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It is a protected account that is provided by banks and financial institutions to business men etc for the purpose of depositing and withdrawing money. The terms for checking accounts can different for different banks but mostly an account holder is allowed to pay for his debts through checks as opposed to cash.
ATM cards [...]
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