http://www.rupeetimes.com/news_advice/car_loans Car Loans News & Advice from rupeetimes.com (C) 2007 rupeetimes.com Fri, 03 Jul 2009 11:34:19 +0530 The first 100,000 applicants for allotment of Tata Nano have been selected by Tata Motars. The selection was done by computerised random selection process.The deliveries which will commence from July this year, are expected to be completed by Q4-2010. The company has confirmed 'ex-showroom prices'... http://www.rupeetimes.com/news/car_loans/nano_applicants_receive_confirmatory_letters_2601.html 12345678902601 Thu, 02 Jul 2009 10:44:19 +0530 Indian Overseas Bank has reduced its benchmark lending rate (BPLR) by 50 basis points to 12 percent following the suit of cuts in lending rates by the other public banks.The revised lending rates will be applicable on new and exitsing credit advances with floating reference rates (FRR).Public sector... http://www.rupeetimes.com/news/car_loans/iob_lowers_bplr_to_12_pcnt_2596.html 12345678902596 Tue, 30 Jun 2009 13:27:28 +0530 Under a special scheme, State Bank of India, the largest lender in the country has reduced the interest rate on auto loans to 8 percent, applicable for the first year and at 10 percent for subsequent two years. For the remaining tenure, the interest would be charged 25 to 75 basis points below the B... http://www.rupeetimes.com/news/car_loans/sbi_to_offer_car_loans_at_8_percent_2588.html 12345678902588 Tue, 23 Jun 2009 10:49:54 +0530 The interest rates on used cars have lowered to about 15.5%, as this segment of business turns more organized with increased participation of carmakers.Rajan Pental, head auto finance, HDFC bank, "Higher sales through these channels have lowered the risk profile of customers and improved their payba... http://www.rupeetimes.com/news/car_loans/lower_interest_rates_offered_on_usedcars_loans_2575.html 12345678902575 Tue, 23 Jun 2009 10:31:22 +0530 Tata Motors is set to announce the names of first one-lakh allotments for the Tata Nano cars.A spokesman of the company said, "Tata Motors will announce the first 100,000 allotments for the Nano within 60 days of the closure of bookings on April 25, 2009."Based on this, it is expected that Nano cust... http://www.rupeetimes.com/news/car_loans/allotment_letters_for_nano_to_be_soon_received_2571.html 12345678902571 Thu, 18 Jun 2009 10:34:35 +0530 State-run Central Bank of India (CBI) plans to scale up its retail-lending portfolio to 15 percent during current fiscal from the earlier 9 percent during FY 2007-08.The bank also plans to offload Rs 100-crore NPA accounts from its corporate loan portfolio. S Sridhar, Chairman, Central Bank of India... http://www.rupeetimes.com/news/car_loans/central_bank_to_increase_its_retail_lending_by_15_2555.html 12345678902555 Wed, 17 Jun 2009 10:47:52 +0530 India's largest automobile company, Tata Motors has entered into an alliance with Bank of India for financing Fiat cars.Subodh Marathe, country head (Fiat Product Group), Tata Motor, said, "Tata Motors has always been at the fore-front of introducing multiple customer centric initiatives. We felt th... http://www.rupeetimes.com/news/car_loans/tata_motors_tiesup_with_boi_to_offer_car_loan_2553.html 12345678902553 Thu, 11 Jun 2009 10:54:12 +0530 A recent report by JP Morgan states that Hyderabad based, IT major Satyam Computer Services is expected to stabilise by the end of this year. The report also states that the company is expected to grow in next fiscal (2010).The report also states an expected revenue growth of the company at 9 percen... http://www.rupeetimes.com/news/car_loans/satyam_expected_to_stabilise_19_growth_in_fy12_2533.html 12345678902533 Wed, 10 Jun 2009 14:26:53 +0530 The pre-budget meeting between the finance minister, Pranab Mukherjee and the chiefs of state-run banks is scheduled today.It is expected that the finance minister will review the annual performance of the banks in context of key areas like agriculture, micro, small and medium enterprises, housing a... http://www.rupeetimes.com/news/car_loans/bankers_see_some_scope_in_interest_rate_cut_2529.html 12345678902529 Tue, 09 Jun 2009 10:52:54 +0530 The Congress-led United Progressive Alliance Government is likely to present the budget in first week of July.Commenting on the budgetary focus, M D Mallya, Chairman and Managing Director, Bank of Baroda, said, "We expect the main focus to be on infrastructure, rural economy and education in the Uni... http://www.rupeetimes.com/news/car_loans/rural_economy_likely_to_be_one_of_the_budget_focus_2522.html 12345678902522