According to a recent press report, Dalmier India Commercial vehicle (DICV) and HDFC Bank have tied up for financing commercial vehicles. The CEO and Managing Director Mr. Marc Llistosella of DICV and Mr.Aditya Puri, Managing Director,HDFC Bank signed the MoU for their combined operations. Reports said that HDFC Bank will analyse the requirements of their… Read More »
According to a recent press report, the net profit of Dhanalaxmi Bank has increased from Rs.1.62 crore to Rs.4.35 crore as on September 30, 2011. Reports said that the Bank’s profit has gone up due to strong growth in their income levels. The bank’s net interest income was Rs 68 crore, other income Rs 44… Read More »
A recent press report said that the Reserve Bank of India’s hike in the interest rates will depend upon the inflation persistence. Dr. Subir Gokran the Deputy Governor Reserve Bank of India told the press that the if central Bank raises the interest rate and it is not the end in itself, if the problem… Read More »
According to the recent report from Insurance Regulatory and Development Authority, the apex body has planned create a database that will make sure that the insurers get the information regarding the claim history of individual borrowers. Reports said that the information collected by the IRDA will be a one single data that helps the insurers… Read More »
According to a recent press report the Reserve Bank of India, as part of its green initiative has asked all the non-banking financial companies (NBFCs) to shift to electronic payment system. Reports said that the government has also adopted this green initiative and has asked all the financial sectors including NBFCs to follow this method… Read More »
According to a recent press repot, Mr. George Alexander, Managing Director, Muthoot Finance Limited Company has said that the company has recorded growth in profit of about 88 percent in the second quarter. The company has attained a net profit Rs. 215 core during the second quarter September 30, which is Rs. 100 core more… Read More »
According to a recent press report Bank of Maharashtra has taken an effort to make the defaulters to repay their Loans. The MAO (Many against One) is the new tactic followed by the bank to recover the loans. Mr. A.S. Bhattacharya, Chairman and Managing Director, of the bank said that there are better results in… Read More »
According to a recent press report, Bank of Maharashtra has taken steps to make borrowers repay their dues. The bank has adapted a new style called “MAO” which means ‘Many against one’. The MAO comprises of staff and official, the role of the MAO is to persuade the borrowers to repay their loans. Reports said… Read More »
Purpose: For the purchase of new and old cars Eligibility: The borrower should be within 21 – 65 Years of age and must be able to repay the loan Quantum of Loan: 80% on Purchase price (On Road); old car is not more than 3 years on purchased date, loans will be sanctioned… Read More »
Purpose: For the purpose of construction of purchase of house Eligibility: Salaried/ businessmen/ self-employed capable of repaying the loan are eligible for the housing loan Quantum of Loan: 80% Value of House & Maximum up to Rs.50 Lakhs Rate of Interest: 10.90% Security: Loan would be secured by reg. equitable mortgage… Read More »