CAR LOAN APPLICATION
Allahabad Bank loss widens to Rs 2,103 crore in Q2 on higher bad loans
In the preceding June quarter, the bank clocked a profit of Rs 128 crore.
Canara Bank Q2 consolidated net up 14% at Rs 405-cr; bad loans fall
Interest income stood at Rs 12,500.37 crore, up from Rs 11,015.93 crore.
I have nothing to save after paying EMIs, household expenses. How should I manage my financial concerns?
"Currently, your rent and expenses a...
An Indian car loan player is making plans to offer loans to homebuyers
Cholamandalam is undeterred by the credit crunch that’s roiling shadow banks across the nation.
5 lesser-known factors that can push up your home loan interest rate and lower credit score
While linking interest rates to an external benchmark, the Reserve Bank of India has allowed the banks to charge credit risk premium as a part of the spread over and above the external benchmark rate to arrive at the effective interest rate.
Should you prepay your home loan or make new investments? The answer may surprise you
It makes more sense to have a nest egg, than to use it to pay off loans, says Dhirendra Kumar
FinMin to hold review meeting with public sector banks on Thursday
Additionally, the ministry will discuss how banks can help customers in tracking online loan applications for retail, MSME (micro, small and medium enterprise), housing, and vehicle loans, among others.
Volvo Cars selects HCL Tech for IT services, digital transformation
The collaboration between the two organisations is expanding to include several aspects of digital transformation including product orientation, DevOps and application integration. The engagement is an expansion of a collaboration that began in 2016.
United Bank of India Q2 net profit at Rs 124 crore as bad loans fall substantially
Sequentially, there was a net profit of Rs 105 crore in the first quarter ended June this year.
HDFC lowers lending rates by 10 bps to 8.25%
The rate cut by the largest mortgage lender comes following a cumulative 1.35 percent rate reductions by the Reserve Bank since February.
This festive season, SBI to waive processing fee on car loans
According to the press release, the bank will offer car loans with interest rates starting from 8.7 per cent.
Demand for vehicle loan shrinks
The automobile sector contributes 6.5% to India’s gross domestic product with strong backward linkages with sectors such as steel, plastic, rubber and auto parts.
Repo-linked interest rates mandatory: What does RBI's move mean for borrowers
The Reserve Bank of India (RBI) has made it mandatory for banks to link loans to retail customers and MSMEs to external interest rate benchm...
Central Bank of India reduces repo-based lending rate by 25 bps
After the Reserve Bank of India cut the repo rate for the consecutive time this year on Friday, many banks too have followed suit and reduced interest rates on their loans.
Ghost accounts at PMC routed HDIL loans
Four officials flagged off the crisis which compelled suspended MD Joy Thomas to come clean.
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