After months of expectations that a rate cut was on the anvil, the Reserve Bank of India (RBI) finally took the plunge last week by cutting the repo rate by 50 basis points — quite a pleasant surprise for the market.

The good news is that the Reserve Bank of India (RBI) has cut the benchmark rate by 50 basis points. The bad news is that it may wait and watch before cutting rates any further.

The existing limit of my credit card is Rs 25,000. I am planning to travel next month and want to get this limit increased for my travel period.

We all tend to get complacent, when the going is good. Take the example of Mumbai resident, Naresh Kumar. He earns well, Rs 1.55 lakh a month after the mandatory deductions and taxes.

Looking for a loan against gold jewellery? Banks may be a better option, when compared to non-banking finance companies (NBFCs).

The past few years have seen banks and insurance companies launching several ‘pink’ products. However, on a closer look, many seem just ‘cosmetic’. No wonder, experts are not bandying about these products.

Poor credit history is a common problem that can destabilise your finances. It may happen during the early employment days when individuals borrow to buy vehicles or take personal loans to meet their rising credit card bills.

When we plan to buy a house, most of us buy it on borrowed capital or loan. The option is to use your own funds if you have enough savings or have saved specifically for this goal. But, you may ask which of the two is better.

While lenders are keen on diverting basic banking facilities from the traditional branch model to the automated electronic route, the area needs more attention in terms of efficiency, according to the annual report on the banking ombudsman released by the

After rising for two years, interest rates have finally started softening, providing the much-needed relief to retail customers.

On November 14, 2011, I handed over an outstation cheque (account payee) to my bank for collection via pay-in slip. The bank sent the cheque for realisation through Speed Post. Till date, the cheque has not been credited.