Actual retail loan growth could be lower: Report
Bulk of figures reflect the lending for purchase of NBFCs securitised retail loan pool, a report by Crisil said.
Macan's success shows luxe car market has bucked slowdown trend: Pavan Shetty, Porsche India Director
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Hyundai to increase vehicle prices from January
The company, however, did not share details of model wise price change. The increase has been necessitated on account of rise in input and material costs, it added. The company is working out on details and would share the details of the model wise price hike later this month. Maruti Suzuki and Tata Motors have already announced to hike prices from January.
Hospital stocks turn safe bets amid uncertain times
Investors are now looking at hospitals as many large pharma cos are facing regulatory issues.
Vietnam's richest man Pham Nhat Vuong bets $2 billion to sell cars to Americans
The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota and Hyundai couldn’t pull off during their early days: sell a car in the US. Pham Nhat Vuong is so intent on exporting electric vehicles to the lucrative American market in 2021 that he’s plowing as much as $2 billion of his own fortune to reach that goal.
UCO Bank cuts MCLR by 10 basis points across tenors
The revised one-year MCLR now stands at 8.30 per cent, down from the existing 8.40 per cent, the state-run lender said in a release.
No proposal for education loans waiver, says govt
In the last three years from 2016-17 to March 2019, the amount of outstanding education loans rose from Rs 67,685.59 crore to Rs 75,450.68 crore in September 2019, as per data provided by public sector banks. More than 90 per cent of these accounts are standard as on March 31 this year, Finance Minister Nirmala Sitharaman told the Lok Sabha.
SBI under-reported bad loans by RS 11,932 crore in FY19, finds RBI report
New Delhi: The country's largest lender State Bank of India on Tuesday reported about Rs 12,000 crore divergence in their bad loans for the ...
RBI finds SBI under-reported bad loans by Rs 11,932 crore in FY19
The gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore against Rs 1,72,750 crore.
Over 10 lakh cr loans sanctioned under MUDRA Yojana
"Under the Pradhan Mantri Mudra Yojana (PMMY), 20.84 crore loan accounts totalling an amount of Rs 10.24 lac crore have been sanctioned up to November 1, 2019," Minister of State (IC) for Labour and Employment Santosh Kumar Gangwar said in a written reply to the Lok Sabha.
Honda launches BS-VI compliant City, price starts at Rs 9.91 lakh
Petrol version of the BS-VI compliant Honda City is available in both manual and automatic transmissions, while diesel version will be introduced subsequently, HCIL said in a statement.
Union Bank of India cuts MCLR by up to 10 bps across tenors
After the cut, Union Bank of India's one year MCLR now stands at 8.2 percent, down from 8.25 percent. According to a press release issued by the bank, the new rates will be effective from 11 December, 2019.
Auto sales keep falling in November, may not recover anytime soon
Vehicle sales across categories remained in the negative zone for over a year now.
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