State-run lender Union Bank of India has reported a 66 per cent fall in net profit at Rs 197 crore, compared with Rs 579 crore in the same period of the previous financial year. The bank made

State Bank of Hyderabad (SBH) on Thursday launched a loan product for purchase of gold and gold ornaments that carries 13 per cent rate of interest and a general cap of Rs 15 lakh. In Arab spring,

Russian conglomerate Sistema's Indian mobile phone unit said on Thursday it had raised a loan of 12.80 billion rupees through non-convertible debentures to fund its operations and repay maturing loan.

The proposal aims at encouraging farmers to create assets by purchasing machines, cut labour cost. The ministry of agriculture proposes to extend subsidised crop loan of four per cent for agriculture

Guarantors for home loan borrowers are no longer required. Insurance covers, which ensure payment in case of a default, have replaced these. Similarly, if you have lent money to a family member or

Though property prices have declined, renting still makes sense in heated markets For Nagpur-based Deepak Puranik, scouting for a house in Mumbai was the next step to being offered a job in the city.

Banks took a huge 489 billion euros at the European Central Bank's first ever offering of 3-year funding on Wednesday, providing hope a credit crunch can be avoided and that the money may be used to

Block relying on economies like China and Russia. Euro zone ministers agreed on Monday to boost IMF resources by euro 150 billion to ward off the debt crisis and won support for more money from EU

Bank will charge floating rates of interest from January. Home buyers who had taken loans from State Bank of India (SBI) under the so-called 'teaser rate' housing loan schemes three years ago, will

Rating agency Fitch Ratings has warned that failure to understand the inherent risks of lease rental discounting (LRD) loans may leave market participants exposed to stress in the commercial rental