Category Archives: Articles

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.

Hyundai Motor India said it will hike manufacturing ability by around 12% to 670,000 units a year at its Chennai factory.

Private sector bank, Dhanlaxmi Bank has launched a suite of retail asset products. The new products will boost the bank’s goal of concentrating more on retail banking.

Leading UK based bank, Barclays is planning to set up another 30 offsite ATMs in Mumbai and Delhi in order to boost its attendance and visibility.

Credit card giant American Express has started a platinum lounge at Chhatrapati Shivaji International Airport, Mumbai for AmEx platinum credit card holders.

Leading PSU lender, IDBI Bank has hiked its Prime Lending Rate (PLR) by 50 basis points. Banks have adopted the tactic of hiking their PLRs in order to make customers adopt the base rate method of lending. This is likely to make personal loans costlier.

Car loan lender, Corporation Bank has signed an agreement with Unique Identification Authority of India. The bank has entered into a Memorandum of Understanding (MoU) under which it will be working as registrars for ‘Aadhar’- the UID project led by Nanadan Nilekani.

Home loan lender Standard Chartered Plc has stated that 1/5 of its total profits is derived from India. This is till date the highest the company has earned from any part of the world where it is operating.