If you need money at a short notice and do not want to go through the lengthy process of documentation, personal loan is the best option for you. You can easily avail a personal loan at a short notice.In order

The Reserve bank of India has extended the deadline for banks to meet the provisioning requirements for bad loans. The deadline has been extended by six months.According to a senior RBI official this would help the banks mitigate the adverse

AC Mahajan, chairman and managing director of Canara bank said that consolidation of banks was good since it would lead to creation of healthier banks.He said, "It will be a good advantage."Regarding bank's performance, Mahajan said that the net worth

Dena bank, Andhra Bank and Corporation banks are the favourite acquisition targets among leading public sector banks.The finance ministry officials that met chiefs of leading public sector banks said that consolidation was essential for the economy in order improve on

The second largest public sector lender, Punjab National Bank, said that it will raise Rs. 700 crore via bond issues.The bank in a filing to Bombay Stock Exchange (BSE) said that it would raise Rs. 500 crore through upper tier

Bank of Maharashtra's Chairman and Managing Director Allen CA Pereira said that the bank is planning to expand its branch network to 1500 covering all states in India by the fiscal's end.Pereira said that the bank, which currently has a

Despite Reserve Bank's advice to banks to reduce exposure in Mutual funds, banks parked additional funds worth Rs. 6,261 crore in the week ending November 6. With this the total outstanding investment by banks in mutual funds stands at Rs

Unlike other banks, that are slowing down on unsecured loans, HDFC, the largest mortgage lender in India, is aggressively selling unsecured loans such as credit cards and personal loans.During the previous year, most lenders have seen rising defaults in their

At certain times in life you need to take difficult decisions. In situations like the present one when there have been lot of job cuts; you need to take these decisions. Financial Planners say that you should be geared up

ICICI, country's largest private sector bank, is considering raising funds for its overseas branches via five year dollar denominated senior unsecured notes through its Bahrain branch.However, the bond issue does not form a part of bank's $5-billion medium term note

Asian development bank (ADB) has said that it will provide loan up to $700 million, around Rs.3,360 crore in a bid to speed up infrastructure projects through public private partnership initiatives.In a release, ADB said, "The Asian Development Bank (ADB)

Barclays Global Retail Banking, India, is all set to start Hyderabad operations.The Hyderabad branch would be Barclays' seventh branch in India. The other branches are located at Mumbai, New Delhi, Junagadh, Kanchipuram, Nelamangala (near Bengaluru) and Ahmednagar in Maharashtra.Talking about

Banks and co-operatives have disbursed loans amounting to Rs. 1.38 lakh crore during the first six months of the current fiscal. With this these lenders have met 42 percent of the target set by the government for the entire financial

Demand for loans has been picking up since August 2009. Loan disbursements have risen in the last three months.However, the demand has not been consistent. For instance, while the bank loans witnessed a slight dip in the fortnight ended October

The Pimpri-Chinchwad Municipal Corporation would soon issue notices to 120 branches of state-owned banks located within its limits to seek details regarding payment of octroi on gold coins sold by them in the last four years.Octroi is a local tax

Canara bank pointed out that it was looking to acquire weaker banks to bolster its presence in Gujarat, Haryana and Maharashtra.The bank's chairman and Managing Director, AC Mahajan said, "We have a deficient presence in Maharashtra, Haryana and Gujarat. We

HDFC, a leading mortgage lender sees a 22-25 percent rise in its loan disbursals this financial year, according to a senior official.HDFC's Joint Managing Director, Renu Sud Karnad said, "We expect a loan disbursal growth of 22-25 per cent this

The government has asked leading public sector banks to seek mergers and acquisitions opportunities to aid the economy in increasing its GDP.Financial ministry officials met the country's top most banks' officials and asked them to start identifying strategic fits after

Considering the past performance of Assam government in implementing power sector reforms, the Asian Development Bank (ADB) has approved loan worth $200 million for the 'Power Sector Enhancement Investment programme' in Assam.Government sources said that the approved amount would be

Tata motors, the country's biggest automotive company in terms of revenue has mobilized Rs.264 crore through a revised Fixed deposit scheme that it introduced in August this year. The company is authorized to raise Rs. 1,300 crore from the scheme.The