Banks may reject your credit card application on various grounds. Know the alternative ways in which you can still become a card-holder.

Kotak Mahindra Bank posts a 23 per cent spike in its consolidated net profit at Rs 249 crore in the quarter to March, driven by robust performance of its NBFC arm and the insurance venture.

In a lacklustre trading session on Monday, the BSE Sensex closed marginally lower at 19,584, down about 18 points, as Reliance Industries declined on below expected earnings.

The bank will hike its base rate, or the minimum lending rate, by 50 basis points to 8.75 per cent with effect from March 1. Dhanlaxmi Bank also raised its interest rates on term deposits.

While the hike in lending rate would make auto, home and commercial loans expensive, increase in deposit rates will ensure better returns for depositors.

Performance-linked compensation is a significant step for an old private sector bank to achieve - not because it is rocket science but because it calls for reorienting employee mindsets to the new realities of the marketplace. Some of India's oldest banks are thus beefing up their top brass with MNC talent in a bid to stay competitive.

The banking sector has a new buzzword-base rate. It was introduced in the Indian banking system on 1 July after a directive by the Reserve Bank of India.

How banks performed under RBI's Prompt Corrective Action

Newsmakers: PM launches gold schemes, power firms to get rescue package and more