ABN Amro Bank's India chief Meera Sanyal also said she expected inflation to reduce after October. Sanyal also said there has been a slight increase in increase in delinquencies in the credit card and personal loan portfolios of banks and attributed it to higher interest rates.
We asked readers to send their useful ideas and advice on how one can get out of credit card debt. Here are the first four useful suggestions and tips.
Though interest rates have peaked, a hike in cash reserve ratio by the Reserve Bank of India cannot be ruled out in the first quarterly review of monetary policy later this month, a top official of a foreign bank said on Monday.
Spend more and earn more seems to be the mantra for credit card companies.
Tata Consultancy Services has acquired the remaining 49 per cent stake in its Brazilian joint venture for $33.4 million, giving the company 100 per cent ownership.
However, despite a further drop in the growth rate, production levels in the Indian manufacturing sector recorded a robust increase, as firms reported expanding output in response to favourable market conditions.
Mutual fund houses are all set to expand the Know Your Client norm umbrella by introducing newer requirements like asking their high net worth investors to provide details of their big investments made in the past.
Soon after the finance ministry cleared the haze on tax treatment of equity linked savings scheme, fund managers are lining up such policies to tap investors eager to participate in the stock market boom and simultaneously save tax. \n
National flag carrier Air India has raised $500 million (nearly Rs 2,250 crore) from ABN AMRO-led banking consortium to make pre-delivery payment to US-based aircraft manufacturer Boeing Company.
The empowered Group of Ministers, on Tuesday, recommended a hike in maximum permissible equity participation in the proposed joint venture companies -- for the airports of Mumbai and Delhi
India CEOs of 12 banks form pressure group within IBA.
The Industrial Development Bank of India-led consortium will meet the foreign lenders in London on Wednesday for taking over their outstanding dues in the troubled Dabhol Power project.
Various corporate houses and private banks, including Aditya Birla Group, Hindustan Lever, Sahara Group, Bank of America, ANZ Grindlays, ICICI Bank, ABN Amro and HSBC
In this reader-driven feature, Get Ahead readers give their take on the credit vs debit card debate.
We invited readers to share ways of dealing with telesales calls -- here's a few funny responses!
The empowered group of ministers on Friday deferred a decision on the appointment of a financial consultant for privatisation and modernisation of Delhi and Mumbai airports.
The government said on Monday there was no conflict of interest between Sterlite Group and Dalal Mott MacDonald, which was engaged by SBI Caps for valuation of residual stake in Balco.
British bank Barclays Plc could jump into the league of top three foreign banks in India from 13 at present if it succeeds in merging its Dutch rival ABN Amro with itself in a deal that could create a combined entity worth $160 billion.
National Thermal Power Corporation on Thursday said it has sought offers from global bankers for arranging a syndicated loan of $100 million to part finance its capital investment during the current fiscal.
R N Subramanian, manager-foreign exchange, Canara Bank, will be the new chairman of the Forex Association of India for the current financial year 2004-05
Even those who advise caution believe the current PE multiples are justified by India Inc's healthy returns
The US Open champions will face either top-seeds Bob and Mike Bryan or the Indo-Czech pair of Bhupathi and Nenad Zimonjic in the semi-finals in Rotterdam.
The fourth seeds beat Italian pair of Simone Bolelli and Flavio Cipolla 6-4, 6-1 in the first round.
On Sunday when the stadium was at least half full, there was no showman on the show court
The Inter-Ministerial Group on restructuring of Delhi and Mumbai airports asked global consultant ABN-AMRO to shortlist the bidders, ten of whom have expressed interest in modernising these airports, by Thursday.
The government on Thursday said state-owned carrier Air-India would raise funds through loan guaranteed by the US Exim Bank to part-finance its purchase of 68 aircraft costing about $7.2 billion.
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