Post another policy rate increase by Reserve Bank of India in its monetary policy review for the 2nd quarter, car loan lender United Bank of India is yet to decide if it should increase interest rates or not.

With the Reserve Bank of India increasing major policy rates in the 2nd quarter of monetary policy review, the biggest lender in the country, State Bank of India has said that it will not increase interest rates before 3-6 months.

Tata Nano, is anticipated to become India’s 2nd largest selling car next year, as per market research company JD Power.

The latest policy rate increase by the Reserve Bank of India in monetary policy review has produced a confusion whether the interest rates on deposits and loans would also go up or not.

During the month of July credit card transactions valued at Rs 5,817.46 crore took place which is an increase of 5% over the transactions posted a month previously.

National Housing Bank has said that it would like to help in refinancing the non-banking financial companies (NBFCs) offering home loans to borrowers.

German carmaker Volkswagen has taken advertising to a new level with a novel audio advertisement in newspaper to produce a high for its entry level sedan Vento.

Jammu and Kashmir Bank has introduced a special product to meet the requirement of small businesses. Small businesses have been badly affected by the 3 months of civil strife.

A scheme known as RBI Young Scholars Award Scheme has been introduced by Reserve Bank of India. The aim behind this award is to motivate the youth and develop awareness regarding the banking segment of India.

German car manufacturer Volkswagen (VW) may expand its worldwide partnership with Suzuki in India by using the production and design facilities of Maruti-Suzuki in India. Senior officials of VW went to the Maruti-Suzuki factory and met top management of the company where discussions revolved around sharing product designing or renaming cars.