Category Archives: News

Tata Motors has said that it intends to increase its commercial car business in India and would introduce some more models by the end of this year.

Private sector personal loan lender, Karur Vysya Bank has fixed a goal of obtaining 26% increase in profits in this fiscal. The bank intends to reach this goal by opening new branches throughout the country and thus enjoying all India presence, according to a senior bank official.

Leading home loan lender, Bank of Baroda has hiked its benchmark prime lending rates (BPLR) by 50 bps (0.50%). The new PLR for the bank is 12.50%.

The office of Banking Ombudsman has obtained numerous complaints from clients about techniques used by bank loan recovery agents which breach the norms laid down by the RBI for them. Car loan lenders, HDFC Bank and ICICI Bank have the highes number of complaints registered against them. Finance Minister Pranab Mukherjee said, “RBI has reported… Read More »

Leading private sector bank Axis Bank’s Travel Currency Card Program which also included a tie up with Visa has reached a volume of $ 1 billion. It is the 1st card in India to reach this target.

With competitors encroaching on India’s biggest car manufacturer, Maruti Suzuki India continues to hold less than 50% share, despite its highest-ever local sales in July.

Private sector bank, Dhanlaxmi Bank has estimated retail loans to comprise 30% of the total loan portfolio in this fiscal.

With banks hiking their prime lending rates (PLR), borrowers are forced to select between the base rate for car loans and PLR.

IndiaBulls has elected not to go for bank license. The home loan lender now plans to venture into the infrastructure finance sector.

IDBI Bank has taken a decision to review the variable pay structure which it had introduced a short while back. It was the sole PSU personal loan lender to follow this method of payment.