The 2nd biggest private sector bank in the country, HDFC Bank has increased interest rates on car loans by around 25 - 10 basis points.
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Personal loan lenders PNB and Union Bank increase deposit rates
Personal loan lenders, Punjab National Bank and Union Bank have increased deposit rates by upto1% point on numerous maturities.
Toyota getting aggressive in hatchback segment
Indian hatchback market is on a high. It is rising at 35% per annum. It is dominated by Maruti Suzuki’s Swift, Hyundai i20, Volkswagen’s Polo, Skoda fabia and Ford Figo.
Home loan lender SBI’s merger plans still lagging
It may be awhile before home loan lender SBI finishes merging with all its subsidiary banks. The government is asking for a clear picture of the expense likely to be sustained for the rest of the mergers and others factors from SBI before taking a decision on the topic.
Car loan lender Kotak Mahindra Bank starts a new branch in Kozhikode
Car loan lender, Kotak Mahindra Bank has started a branch in Kozhikode, thus taking a step to increase its presence in Kerala.
Banking sector still behind in credit disbursal : O P Bhatt
The credit disbursal for banks has come to a slow down, according to O P Bhatt, Chairman, SBI. He also said the present growth rate of 19 - 20% is not adequate for increasing interest rates.
Personal loan lender Kotak Mahindra Bank introduces NRI Credit Card
Personal loan lender, Kotak Mahindra Bank has launched a new credit card, called as the Kotak NRI Credit Card.
Home loan lender HDFC Bank to start 150 more branches by the end of this fiscal
Home loan lender, HDFC Bank has expressed its aims of starting another 150 to 200 branches throughout the country by the end of this fiscal, according to a senior bank official.
PFC to venture into banking sector
Public sector company, Power Finance Corporation (PFC) is aiming to venture into banking sector after the discussion paper on new banking licenses was released by the Reserve Bank of India.
PNB introduces ‘PNB NRI REMIT-India’
The 2nd biggest public sector bank in the country, Punjab National Bank has introduced an online remittance service for NRIs called as PNB NRI REMIT-India’. The service would allow sending money from US to India.
Car loan lender State Bank of Mysore provides cheapest crop loans
Car loan lender State Bank of Mysore, a subsidiary of State Bank of India has launched an excellent crop loan scheme for farmers. In this scheme, the farmers will have to pay an interest of just 2%. A senior official of the bank said this is the first instance of any bank charging such a [...]
Personal loan lender J&K bank wants a new CEO
The board of personal loan lender J&K Bank has asked for help from Reserve Bank of India about the selection of a committee to choose the new CEO for the bank. The bank requires a new CEO as the earlier CEO, Haseeb Drabu has resigned. The bank has proposed that till the next CEO is [...]
M&M to manufacture Ssangyong cars at its Chakan factory
Mahindra & Mahindra would start an assembly line at its Chakan factory for producing Ssangyong sport utility vehicles, according to Pawan Goenka, president (automotive and farm equipment sector).
Teaser rate home loans still around despite rate hikes
Recently numerous banks have hiked their interest rates on loans. However teaser rate home loans are still being offered by the banks. Numerous banks/financial institutions offer numerous products of interest to their borrowers.
L&T intends to venture into banking segment
The engineering and construction giant in India, Larsen & Toubro (L&T) is planning to venture into the banking sector by applying for a banking license. The company plans to do so via its associate, L&T Finance in order to access cheaper funds and boost its presence in the area of infrastructure financing.
Personal loan lender HSBC to go slow on retail and credit card division
The oldest personal loan lender in the country, HSBC has opted to slow down its retail and credit card divisions as it plans to concentrate more on global banking, investment banking, wealth management, insurance and mortgages.
Banks’ loan portfolios static after Q1
The loan portfolio of banking industry has not done up after the Q1 results for this year were declared. The unpaid loans are still below the numbers for June end.
Home loan lender SBI joins hands with Western Union for a special money transfer service
Home loan lender SBI plans to join hands with Western Union Services India Pvt Ltd in order to offer a new service. This was stated by a senior official of Western Union.
Car loan lender SBI plans merger of its other subsidiaries
The leading car loan lender of the country, State Bank of India has stated its plans of merging its leftover subsidiaries after its merger with State Bank of Indore is over.
Commonwealth Bank of Australia starts its operations in India
Commonwealth Bank of Australia (CBA) has become the 1st bank to start functioning in India. The bank would concentrate chiefly in areas such as trade finance, remittances and foreign exchange services.
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- Personal loan lender Canara Bank increases lending rates by 0.50%
- Corporation Bank increases loan rates; personal loans get costlier
- Car loan lender SBI increases deposit rates
- Personal loan lender SBBJ increases deposit and lending rates
- ING Vyasya increases deposit rates; may increase rates on car loans too
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