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The Personal Loan lender in the country, Axis Bank has launched Instant Money Transfer (IMT) service. It is a new remittance service having pioneering characteristics.

Car loan lender, Federal Bank has said that it plans to achieve a total business of Rs 75000 crore in this fiscal on the back of the robust deposit and credit increase.

The Indian division of high-end bike maker, Harley-Davidson, intends to start a Harley Owners Group, popularly called as HOG, in India soon.

Suzuki Motorcycle India Private Ltd, an associate of Japanese two-wheeler maker Suzuki Motor Corporation has introduced Suzuki SlingShot in South Indian market.

RBI deputy govenor, Usha Thorat has warned banks that with a sharp increase in lending by non banking finance companies (NBFCs) to corporates it is liekly to lead to the creation of an asset bubble.

Even after 2 years of letting banks use mobile banking technology for intrabank transactions, the result is still very low. All the 18 joining banks have produced transactions valued at just Rs 4 lakh combined which is quite a low figure.

Microfinance institutions (MFIs) may stop getting cheap funds from banks in the next 2 years if the RBI chooses to implement the suggestions of one of its committees.

Car loan lender, Indian Overseas Bank needs people to open more savings bank accounts as a part of its financial inclusion plan. By this the bank plans to educate people about the advantages of banking.

Following shortly on the heels of the biggest lender in the country, State Bank of India, HDFC Bank has launched a new format of its teaser home loan scheme.

Luxury carmaker Audi will introduce its premium A 8 model by the end of this year, a senior company official said. The company is aiming for a 30% market share in India market by next year while it plans to increase its dealership network to 18.