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MONEY & BANKING
CONSUMER FINANCE:
Want a personal loan? Go to an ATM
QUICK & EASY. Hyderabad, Dec. 25 “You are eligible for a pre-approved personal loan of Rs 5 lakh. Press yes if you are interested.” This is the message you might see during any transaction at ATMs of leading private banks as they ...
INTERVIEW:
‘Exchange rates will be range-bound in medium term’
India will be able to attract significant global investment flows. Bangalore, Dec. 25 Dr Saumendra K. Dash is credit rating agency CARE’s Chief Economist. In an interview with Business Line, Dr Dash gave a sneak peak into 2009 on probable ...
INTERVIEW:
‘Bond market to gain from falling inflation, easing interest rates’
Mumbai, Dec. 25 The current year has been an eventful one for the bond market. While rising interest rates pushed bond yields up, the volatility in the equity markets saw investors turning to the debt market as a safe investment option. ...
CREDIT RATING:
Fitch downgrades Chola DBS to negative
Chennai, Dec. 25 Fitch Ratings has revised Cholamandalam DBS Finance Ltd (CDFL) outlook to negative from stable. Fitch has downgraded the company’s national long-term rating to AA minus from AA and its Rs 75-crore subordinated lower ...
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