HDFC says teaser rates will remain
Looking at the industry inclination, teaser rates will continue to be around, said the chairman of HDFC Deepak Parekh.
Car loan lender Punjab & Sind Bank selected as registrar in UID project
Car loan lender, Punjab & Sind Bank has accepted to work as registrar for the Unique Identification project known as “Aadhar”. The bank has entered into a Memorandum of Understanding (MoU) with the Unique Identification Authority of India (UIDAI) in this respect.
Personal loan lender Yes Bank not change base rate
The latest personal loan lender in the country, Yes Bank has said that its base rate will not change in the immediate future.
SBI opens a special branch for corporate salary account holders
The biggest lender in the country, State Bank of India has now started a special branch just for the corporate salary account holders at the DLF Cyber Centre at Gachibowli, Hyderabad.
AAL posts 92% increase in sale
Atul Auto Limited (AAL), one of the biggest three wheeler producer and leader in front engine diesel and CNG 3-wheelers, has witnessed major rise in sales of 3 wheelers in the month of August. AAL has posted major increase of 92% in August by selling 1728 units as against 901 units for the same month… Read More »
Tata Motors to introduce Aria within a month at the price of Rs 10 lakhs
Tata Motors will introduce Aria a hybrid of a multi-utility and sports utility vehicle within a month. Opened at the Auto Expo and famous as a four-wheeler developed for Indians by Indian engineers, Aria will vie with Toyota Innova and M&M’s Xylo.
Banks to fight RBI’s move on savings rate deregulation
Banks are fighting Reserve Bank of India’s move on deregulation of the interest rate on savings bank accounts, the final frontier of regulated rates. Banks gain from low-cost savings deposits. The apex bank wants to liberate the savings deposit rate to smoothen monetary policy spread, which it considers is affected by the present fixed-rate regime.… Read More »
Mutual funds – enter free, pay to exit!
The new SEBI norms have directed the mutual funds companies to stop charging any Entry load on new fund investments. These new norms are applicable on all the new mutual funds launched after 01 August 2009 and on all SIPs to be launched after the same date. But, if you already are investing in… Read More »
Personal Loan lender UBI ties up with Peerless Mutual Fund
Personal Loan lender, United Bank of India may opt for an increase in deposit rates due to the slow increase in deposits in the country, according to a senior official of the bank.
BMW to launch X1 in India in 2011; motorcycles to follow
At the launch of the new BMW X5 on Tuesday Dr.Andreas Schaff, President, BMW India outlined the growth strategy for the company over the next year. An initial overview of the strategy clearly shows BMW’s aggressive approach towards the Indian market.