Personal loan lender IDBI Bank has agreed to Federal Bank’s long-standing demand that its name should be included in the 3-way life insurance partnership promoted by both the lenders in association with Belgian insurer Ageas. The JV IDBI Fortis Life is now renamed
Leading car manufacturer Mahindra & Mahindra and three-wheeler manufacturer Atul Auto Ltd are distinctly interested in taking a majority stake in PSU Scooters India Ltd, according to 2 sources in Mahindra and a top official in Atul Auto.
Real estate company Lodha Developers has generated Rs 500 crore by selling a 10% stake in its project of constructing a 117 storey residential tower in Mumbai to HDFC Venture Funds.
Auto giant TVS has posted a 35% rise in two-wheeler sales to 1,63,106 units in July, 2010, caused by a 54% rise in exports.
Standard Chartered Bank has declared the introduction of its ‘preferred banking’ offer for the rapidly-growing emerging wealthy segment, represented by young, upwardly mobile, techno-literate professionals in the age group of 25-40 years.
The Reserve Bank of India, has said a bank will have to respect its fixed rate agreement, even if interest rates increase later on. The clarification has cleared doubts of some banks about launch of fixed rate home loans.
Two and three wheeler manufacturer TVS Motor is planning to sell its liquefied petroleum gas (LPG) powered three wheelers on a big scale to new permit holders in Tamil Nadu.
Japanese car manufacturer Nissan said it has nearly doubled the manufacture of its small car Micra to 500 units a day in order to clear an order backlog of around 2,500 units.
Despite banks making hectic efforts in enticing customers towards base rate; whether by lisitng the benefits of base rate or deterring them from BPLR by making home loans costlier, the efforts have gone down the drain. Currently, many banks had hiked their benchmark prime lending rates (BPLR) in a measure to force customers accept base… Read More »
State Bank of India is ready to give floating interest rates on term deposits.