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SBI,
Maruti ink car finance pact
New Delhi: The country’s largest bank, State
Bank of India, and the largest car maker, Maruti Udyog
Ltd on Wednesday signed a tie-up for car finance to make
it available to customers, especially in the semi-urban
and rural market.
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HSBC
to offer cheapest home loans at 8.99 per cent
Mumbai: The Hongkong and Shanghai Banking Corporation
Ltd on Wednesday announced a slash in its home loans.
The bank will offer floating rate home-loans at 8.25 per
cent for four to five year periods and fixed-rate loans
at 8.99 per cent for eight to 20-year periods.
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KBJNL
to retire Rs 405-crore debt
Bangalore: The Karnataka-government promoted Krishna
Bhagya Jala Nigam Limited has embarked upon a plan to
retire the high-cost debt of Rs 405 crore raised at 15.75
per cent in 1998.
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SBI
to cut home loan rates further
Mumbai: The State Bank of India is examining the issue
of reducing interest rates on housing loans for its existing
customers, under both the fixed and flexible interest
rates.
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Bank
of Bahrain into retail business
Hyderabad: Bank of Bahrain & Kuwait has announced
that it has entered into retail banking operations in
India aimed at expanding its business operations.
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Further
delay in Daewoo assets bidding process
New Delhi: The bidding process in the ongoing auction
of Daewoo Motor India Ltd's (DMIL) assets, met with further
delay on Wednesday, as the Debt Recovery Tribunal (DRT)-appointed
receiver rejected bids for the company's current assets.
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