Hyundai Motors joins hands with UBI to offer car loan scheme
Hyundai Motors India Ltd. (HMIL) has entered into a memorandum of understanding with PSU lender, United Bank of India in order to provide its customers with better car loan options.
Tips to speed up your return filing process
Having all the documents in place is half the job done as all the inputs for completing the IT return form will come from them. So first look for all your documents, identify all your sources of income and then select the return filing form accordingly. Filing of returns can be done manually or online.… Read More »
Personal loan lender Bank of India set to widen its branch network
Public sector personal loan lender, Bank of India is intending aggressively to expand its branch network throughout the country. The bank plans to raise its branches to more than 3,600 from the current 3,244 and increase its ATM to 2000 from the present 953 by March 2011. This plan of the bank was disclosed by… Read More »
Car loan lender Laxmi Vilas Bank set to buy NBFC division of Citigroup
Private sector car loan lender, Lakshmi Vilas Bank (LVB) is planning to take over the non banking finance firm, CitiFinancial Consumer Finance India of CitiGroup. The NBFC arm of Citi has been sick for quite some time.
IDBI Bank set to merge its home loan arm
PSU lender, IDBI Bank is ready to merge its housing finance arm, IDBI Homefinance with itself. This aim of the bank is meant to combine its home loan business and thus get a bigger chunk of market share.
Personal loan lender Federal Bank targets total loan business of more than 75,000 crores
Private sector personal loan lender, Federal Bank has prepared ambitious goal of reaching a total business of over Rs 75,000 crore in this fiscal. MD M Venugopalan of Federal Bank, said “We expect total business to cross Rs 75,000 crore in the fiscal”.
Personal loan lender IDBI bank to go for capital infusion
The board of PSU personal loan lender, IDBI Bank would be meeting to take decision about capital infusion valued at Rs 3,119.04 crore from the government. This capital infusion will take place in the form of equity share purchase by the government. The government would be purchasing 25.95 crore equity shares at Rs 120.19 a… Read More »
Big financial institutions likely to get a new regulatory arrangement
Government has introduced a new proposal for redefining the regulatory arrangement of big financial institutions. The proposal recommends establishing “a college of supervisors”. This college would include representatives of various regulatory agencies. The discussion paper about the formation of the Financial Stability and Development Council (FSDC) has claimed that these big financial organizations have a… Read More »
Car loan lender SBI to offer bank account for only Re. 1
The biggest car loan lender of the country, State Bank of India has introduced one more initiative to target the comparatively weaker divisions. Poor workers and small businessmen in cities will now be able to open bank accounts for mere Re1. They can access all banking amenities such as deposits and petty cash withdrawals and… Read More »
Bajaj group set to venture into banking sector
Bajaj group has been looking to enter the banking division. But it may require some time for entry as RBI is not very enthused about giving banking licenses to major industrial houses. But Rahul Bajaj, chairman of Bajaj Finserv and Bajaj Auto Finance, is optimistic in this respective.