Personal Finance News

ICICI Bank has paid Rs 15 lakh as compensation to the family of a customer, Prakash Sarvankar, who committed suicide a week ago following harassment by recovery agents.

Mumbai, Sept.21 (ANI): The stock market continued its record-breaking run today with the BSE Sensex breaching the 17,000 mark for the first time in its fastest 1,000-point rally as foreign funds stepped up purchases of local shares.

New Delhi, Sept.26 (ANI): World Bank officials have refused to be held accountable for their policy and project interventions in India as highlighted by the four-day meeting of the Independent Peoples Tribunal (IPT) in the Jawaharlal Nehru University campus here.

New Delhi: The government on Tuesday said it will not accept tax returns for the quarter ending September 30 and thereafter if companies fail to provide PAN details of a majority of their employees.

New Delhi: At a time when banks have come under scanner for incidents related to loan recovery, an ICICI bank branch has been forced to return Rs 2 crore to Bihar State Beverage Corporation Limited (BSBCL).

Housing finance major, Housing Development Finance Corporation Ltd has bitten the rate cut bullet. From Tuesday, the country's large home loan disburser will lower rates by 50 basis points or half per cent on new home loans. This will bring down interest floating rate to 10.5 per cent.

Interest rates on housing loans look set to follow the downhill route. HDFC, the biggest player in the home loan segment, may cut home loan rates next week. The housing major says the cost of funds has come down by half a per cent over last month.

New Delhi: Rajendra Maltatia is shopping for a car for his wife and hopes to choose one from the mid-segment.