Category Archives: News

Private sector bank, Dhanlaxmi Bank is planning to hike its NRI deposit base. The bank has plans to increase the NRI deposits to Rs 1000 crore by the end of this fiscal.

Hyundai is ready to introduce its Sports Utility Vehicle Santa Fe in India in this festive season. Presently, the Indian SUV market is abuzz with action and the new car will have to encounter a stiff competition.

Rising inflation and increasing interest rates will not affect the increase in car sales, according to senior industry officials.

Tata Motors Ltd said that its global car sales in August went up 29% from a year back to 85,114 units.

The leading personal loan lender in the country, Axis Bank has tied up with microfinance institution (MFI) Janalakshmi Social Services to help in offering financial services to the urban poor.

PSU lender, Central Bank of India anticipates that the September review of monetary policy would not introduce any more alteration in main policy rates. This was stated by chairman and MD S Sridhar. The review is planned to be held on September 16.

With innumerable cold calls made by the banks to their clients for take the credit cards , it looked quite clear to everybody that the credit card market would keep on rising in India.

Individuals and small borrowers are soon to get more rights A committee constituted by RBI has suggested introducing a new law which will make banks more accountable to customers and safeguard their interests.

Base rate has been making banks miserable. Previously banks had to deal with losing short term borrowers to commercial papers (CP) but now they are losing customers to their competitors as well. This is because base rate has made home loans very expensive.

Liquidity situation is getting better for the banking sector although it has not completely revitalized, according to a senior official of Axis Bank. The official said, the improving position of liquidity signifies that further interference is unlikely on behalf of the banking controller, RBI in the monetary policy review to be held on September 16.