PNB under-reported bad loans by Rs 2,617 crore in FY19
As per RBI, PNB has under-reported its NPAs for the fiscal year 2018-2019.
Regulation for vintage vehicles soon; number plates to display 'VA'
In a respite for enthusiasts and collectors of vintage cars, classic vehi...
Unable to pay home loan EMIs? Here is what you can do
Banks and NBFCs have the means to recover their dues one way or the other if the loan i...
Porsche bets rich Indians will pay to show off electric cars
Local duties in India make imported luxury cars about 2.5 times more expensive than what they cost in Europe -- a reason cited by Elon Musk for ignoring the market so far -- but that’s no deterrent for prospective buyers, accordion to Pavan Shetty, director at Porsche India. But, Porsche is planning to start selling its electric Taycan model in India next year.
NBFC crisis poses more bad loan risks for banks: Moody's
NBFCs have been facing liquidity crisis following the bankruptcy of IL&FS in September 2018.
FASTag must from Sunday: Here's all you need to know
Nitin Gadkari, the Road Transport and Highways Minister, has announced that FASTags will become mandatory for all vehicles, private and comm...
Greta Thunberg joins Italy protest, urges youngsters to 'fight for tomorrow'
Adults are behaving as if there's no tomorrow, the activist told young protesters.
Mercedes-Benz cars to be pricier by up to 3% from January 2020
Mercedes-Benz India attributes the price hike decision to increasing commodity prices and input costs.
‘NBFCs could face solvency stress despite surplus system liquidity’
Tight funding for NBFCs raising risks for banks: Moody’s
NBFCs to face funding constraints in 2020: Reports
Indian Non - Banking Financial companies could face solvency strain in the new year as funding would remain a constraint despite surplus system liquidity, according to global ratings firm Moody’s. Funding difficulties are forcing NBFC to reduce lending, resulting in funding constraints for borrowers relying on non-bank lenders.
Tesla's German factory to produce 500,000 cars a year
The carmaker will employ about 10,000 people at the site, which will occupy an area equivalent to 420 soccer fields, the newspaper said, citing initial plans for the factory, which shows a complete production line as well as testing facilities. Construction is set to start next year.
Volvo SUV XC40 T4 with zone climate control launched in India at Rs 39.9 lakh
The model will be available in BS-VI certified petrol variant powered by 2-litre engine.
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.
PNB Housing Fin clarifies on rumours about Omaxe group loan exposure
In a regulatory filing to exchanges, PNBHFL said the information about loan exposure to Omaxe group is "with reference to the information floating in the social media regarding PNB Housing's exposure to the Omaxe group".
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