Credit

  • Agri credit to cross Rs 7 lakh cr;exports to surge over $ 45 bn 17-02-2014 11:54 AM

    New Delhi: Agriculture credit is likely to exceed the target of Rs 7,00,000 crore while farm exports are expected to increase to over USD 45 billion in the current fiscal, Finance Minister P Chidambaram said on Monday. "We are proud of stellar performance of agriculture....Agriculture credit is likely to touch...
  • 1 in every 14 Americans a victim of identity theft 13-12-2013 03:35 PM

    Washington: The US government says 1 out of every 14 Americans age 16 or older was a target or a victim of identity theft, a crime imposing a heavy emotional toll on many of its victims. According to a national household survey of 70,000 people issued by the Bureau of...
  • Bihar sets target to procure 30 lakh tonnes paddy 04-12-2013 10:37 PM

    Bihar has set a target to procure 30 lakh tonnes of paddy this year at a minimum support price of Rs 1,310 per quintal for the ordinary produce, state Food Minister Shyam Rajak said on Wednesday. Primary agricultural credit societies (PACS) have been asked to purchase 23 lakh tonne and...
  • RBI hikes repo rate by 25 basis points, CRR unchanged 29-10-2013 11:22 AM

    New Delhi: The Reserve Bank of India on Tuesday hiked repo rate by 25 basis points from 7.50 per cent to 7.75 per cent. The RBI has kept the Cash Reserve Ratio (CRR) unchanged at 4 per cent. With the rupee having stabilised, the RBI lowered its Marginal Standing Facility...
  • Rupee falls for third day, closes at Rs 61.65 vs US dollar 22-10-2013 05:45 PM

    The rupee fell to a near one-week low on Tuesday, extending losses for a third session, on month-end dollar demand from importers amid cautious trading ahead of US nonfarm payroll data. A private chemical firm bought around $200 million early in the session and state-run banks bought dollars for meeting...
  • Allow loans on credit cards but tell customers how much EMI to pay: RBI to banks 10-10-2013 08:50 AM

    The Reserve Bank on Wednesday said it did not have any problem with banks offering loans to credit cardholders while purchasing goods or services but there needs to be transparency with the process. "There is no ban on giving loans on credit cards. Don't charge 12 per cent actually and...
  • CIBIL is not a watchdog; consumers have nothing to fear: Arun Thukral 16-09-2013 11:45 AM

    Arun Thukral, Managing Director, CIBIL tells us why India's first credit information company is a friend of the consumer and not an enemy. PART II: 6) Who are CIBIL's competitors in India? Where does the company stand vis-a-vis competitors? Arun Thukral: Along with CIBIL, the first credit bureau in the...
  • CIBIL not a watchdog; consumers have nothing to fear: Arun Thukral 16-09-2013 11:36 AM

    Arun Thukral, Managing Director, CIBIL tells us why India's first credit information company is a friend of the consumer and not an enemy. 1) Should consumers be glad that CIBIL exists or fear it? Please tell us why. Arun Thukral: Let me take this opportunity to clarify that CIBIL is...
  • MP govt gave Rs 9,000-cr farmer loans on zero per cent interest in 2012 13-09-2013 02:54 PM

    In a push to make agriculture more profit-oriented, the Madhya Pradesh government provided Rs 9,000 crore in loans to 30 lakh farmers on zero per cent interest rate in 2012. Stating this, an official release said in Bhopal on Friday that the state government, under the leadership of Chief Minister...
  • Only 3.6 per cent Indian households undertake cashless transactions 07-09-2013 11:33 AM

    New Delhi: Just 3.6 per cent households in the country undertake cashless transactions, although the government and the Reserve Bank have been taking steps to promote e-payment channels, says a report. It cited poor acceptance of cards by sellers and lack of awareness about cashless systems/options as the two main...
  • China lowers 2012 GDP growth rate to 7.7 pc 02-09-2013 05:51 PM

    China's statistics authority, on Monday, lowered the country's growth rate for 2012 to 7.7 percent based on its preliminary verification. The revised gross domestic product (GDP) came in at 51.89 trillion yuan ($8.41 trillion), down 38 billion yuan from the preliminary calculation figure that put the annual rate at 7.8...
  • Food Bill credit negative for India, will deteriorate macroeconomic situation: Moody's 29-08-2013 03:30 PM

    Giving a thumbs down to the Food Security Bill, rating agency Moody's on Thursday said the measure is credit negative as it will weaken government finances and deteriorate macroeconomic situation. "The measure (Food Bill) is credit negative for the Indian government because it will raise government spending on food subsidies...
  • Delhi Police arrests con man for credit card frauds 15-07-2013 10:30 AM

    New Delhi: A con man from Maharashtra who cheated ICICI Bank customers by obtaining their credit card data has fallen into the Delhi Police net after illegal online transactions of over Rs 1 crore in the past one year, said an official on Sunday. Raju Tevar was arrested last week...
  • ICICI credit card scam: Police arrests main accused, tracks his location using Facebook 14-07-2013 08:12 PM

    New Delhi: Delhi police have busted a credit card scam involving ICICI bank. The main accused was tracked down using his Facebook location and pictures. The con man, Raju Tevar, had cheated ICICI Bank customers by obtaining their credit card data. Investigators found his photograph on his account on Facebook,...
  • Rupee closes in on record lows; RBI fears cap losses 24-06-2013 06:50 PM

    Mumbai: The rupee fell to near record lows on Monday as foreign investors continue to sell debt and stocks as part of an exit from emerging markets, with only fears of the RBI intervention arresting a further drop. The rupee is likely to continue hovering around a record low of...
  • Naveen distributes free mobile phone sets among farmers 19-06-2013 01:41 AM

    Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Tuesday distributed 5,000 mobile phone sets among farmers while launching the scheme. "The farmers can access the market information related to agriculture through the mobile phones," Patnaik said, adding that they would get voice calls and SMS in Odia language. Inaugurating the Digital...
  • US: Global $200 million credit card hacking ring busted 06-06-2013 12:26 AM

    New York: Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200 million worldwide credit card fraud ring, US and UK law enforcement officials said on Wednesday. "One of the world's major facilitation networks for online card fraud has been dismantled...
  • AP: Three members of white collar criminal gang arrested 22-05-2013 12:45 AM

    Hyderabad: Three members of an inter-state white collar criminal gang who allegedly indulged in fraudulent transactions worth over Rs 3 crore from across the country, including the national capital, were arrested on Tuesday, the police said. The accused, including Anshul Thapar from Ludhiana, K Govardhan from Chitoor in Andhra Pradesh...
  • West Bengal government achieves 7.6 per cent GDP growth 17-05-2013 01:29 AM

    Kolkata: The West Bengal government achieved 7.6 per cent growth in GDP compared to the national average of 4.96 per cent during the last financial year. In industry, the growth rate was 6.24 per cent against the national average of 3.12 per cent, Finance Minister Amit Mitra claimed while releasing...
  • Delhi: Four arrested for using 57 fake credit cards 03-05-2013 05:57 AM

    New Delhi: Four people were arrested for using 57 fake credit cards to dupe a major bank of over Rs 40 lakh to support their lavish lifestyles, police said on Thursday. Mayank Jain, 28, Roshan Dass, 27, Kuldeep Srivastava, 23 and Ashok Ganwani,35 got the cards issued from Citibank on...
  • US: Website publishes crucial personal details of Romney, Tiger Woods, others 16-03-2013 06:05 PM

    Details include their financial details, credit card debt amounts and mortgage information. ...