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.

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.