Dhanlaxmi Bank says retail loans to constitute 30% of loan portfolio
Private sector bank, Dhanlaxmi Bank has estimated retail loans to comprise 30% of the total loan portfolio in this fiscal.
Base rate for car loan is a better alternative
With banks hiking their prime lending rates (PLR), borrowers are forced to select between the base rate for car loans and PLR.
Home loan lender Indiabulls not to go for banking licence
IndiaBulls has elected not to go for bank license. The home loan lender now plans to venture into the infrastructure finance sector.
Personal loan lender IDBI Bank likely to review variable pay structure
IDBI Bank has taken a decision to review the variable pay structure which it had introduced a short while back. It was the sole PSU personal loan lender to follow this method of payment.
Mutual funds – Don’t let past ruin your future!
What is the volatility of the fund? Remember in most instances funds with high returns tend to be more volatile. E.g. funds with mid-cap exposure and sector funds tend to be more volatile, but also offer higher returns. Also some fund managers tend to churn the portfolio in order to give higher returns, thus making… Read More »
Hyundai to increase production by 12%
Hyundai Motor India said it will hike manufacturing ability by around 12% to 670,000 units a year at its Chennai factory.
Dhanlaxmi Bank launches retail products
Private sector bank, Dhanlaxmi Bank has launched a suite of retail asset products. The new products will boost the bank’s goal of concentrating more on retail banking.
Barclays raises number of ATMs in Mumbai and Delhi
Leading UK based bank, Barclays is planning to set up another 30 offsite ATMs in Mumbai and Delhi in order to boost its attendance and visibility.
American Express sets up Platinum center at Mumbai airport
Credit card giant American Express has started a platinum lounge at Chhatrapati Shivaji International Airport, Mumbai for AmEx platinum credit card holders.
IDBI Bank hikes PLR by 50 bps; personal loans likely to become expensive
Leading PSU lender, IDBI Bank has hiked its Prime Lending Rate (PLR) by 50 basis points. Banks have adopted the tactic of hiking their PLRs in order to make customers adopt the base rate method of lending. This is likely to make personal loans costlier.