In your interest.
Online Personal Finance Magazine
No beating about the bush.
While the entry of credit bureaus may be good for customers, lenders are seriously worried about increased delinquencies. Almost all lenders are out of low-ticket lending or have restricted it to those with an established record. ICICI Bank, Citibank and GE are out of the market; Barclays has accumulated its share of delinquencies and others such as Indiabulls have also slowed down their...
One set of victims -- garment exporters of Tirupur facing losses from exotic forex derivatives -- is already geared to battle the banking sector and has already turned the heat of public opinion on to lenders through the smart move of seeking out a politically-connected champion. The situation is perfect for creating a minor political storm. The exporters have formed the Forex Derivatives...
Crude has shot up to a record level again and industrial production is sharply down. We are making some changes to our list
Dewan Housing led the long-term list gaining 17%. It raised the lending rate by 0.5% to 15%. Bhagwati Banquets and Bajaj Electricals went up 10% and 4%, respectively. Both these companies are doing well; their prices were sharply down earlier probably because...