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 »
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, 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.
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.
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.