http://www.rupeetimes.com/news_advice/car_loans Car Loans News & Advice from rupeetimes.com (C) 2007 rupeetimes.com Fri, 19 Mar 2010 11:23:52 +0530 Twelve banks under the Prime Minister's Employment Generation Programme (PMEGP) have performed below the state average of 83.06 % during 2008-09.These banks include Indian Overseas Bank (77.26 percent), Syndicate Bank (68.28 percent), Rushikulya Gramya Bank (58.34 percent), and Union Bank of India (... http://www.rupeetimes.com/news/car_loans/12_banks_perform_below_set_target_as_per_pmegp_3361.html 12345678903361 Thu, 18 Mar 2010 10:14:27 +0530 The Central Government has declared that it has no objection with public sector banks (PSBs) entering into non banking sector.Speaking on the issue, Financial Services Secretary, R. Gopalan said, "There is no issue at all. We have never asked and there is no thinking in the ministry.""The banks have... http://www.rupeetimes.com/news/car_loans/centre_gives_nod_to_public_sector_banks_entering_non_banking_sector_3352.html 12345678903352 Tue, 16 Mar 2010 11:09:05 +0530 India's top most lender SBI stands amongst the four Indian banks which have registered their names in the list of top five banks in Asia Pacific region to have arranged syndicated loans in 2010."Amongst Asia-Pacific countries, Indian entities have been most active in raising funds mostly from infras... http://www.rupeetimes.com/news/car_loans/top_5_banks_in_asia_pacific_for_loan_syndication_include_4_from_india_3342.html 12345678903342 Mon, 15 Mar 2010 11:27:18 +0530 Muthoot Pappachan Group, a Kerala based financial institution has decided to move into the housing finance business by setting up a separate subsidiary in the upcoming fiscal.The group was earlier a part of the race by private players and NBFCs to get a bank license but has decided to drop the plan.... http://www.rupeetimes.com/news/car_loans/muthoot_drops_banking_aims_moves_into_housing_finance_wing_3335.html 12345678903335 Fri, 12 Mar 2010 10:44:34 +0530 Uco bank has signed a Memorandum of Understanding (MoU) with Hyundai Motors India so as to scale up the demand in the auto loan segment.Hyundai Motors is the second largest automaker in the country.Under this agreement, both parties would aim to leverage from each other's competencies and in the pro... http://www.rupeetimes.com/news/car_loans/uco_bank_joins_hands_with_hyundai_motors_india_3329.html 12345678903329 Wed, 10 Mar 2010 10:38:53 +0530 Public sector banks are planning for expansion to meet their capital requirements for the next financial year. Bank of Baroda, Bank of India and Corporation Bank are some names in the league. While Bank of Baroda and Bank of India have plans to raise Rs. 2000 crore each, Corporation Bank has a targe... http://www.rupeetimes.com/news/car_loans/public_sector_banks_harbor_capital_raising_intentions_3314.html 12345678903314 Tue, 09 Mar 2010 11:41:43 +0530 People seeking bank jobs seem to have huge opportunities knocking their doorstep. The public sector banks would be hiring around 80 to 100 people on an average on a daily basis for various posts in the upcoming fiscal.This leads to projection that around 40,000 to 50,000 vacancies for officer and cl... http://www.rupeetimes.com/news/car_loans/banks_on_hiring_expedition_this_fiscal_3310.html 12345678903310 Mon, 08 Mar 2010 12:56:30 +0530 Small businessmen will soon have a reason to rejoice. A RBI panel has proposed that collateral not be sought for loans to small businesses up to Rs. 10 lakhs. The panel has proposed to double the guarantee provided under a government scheme.A report released by the Finance Minister, Mr. Pranab Mukhe... http://www.rupeetimes.com/news/car_loans/rbi_panel_brings_up_easy_credit_for_small_businesses_3304.html 12345678903304 Fri, 05 Mar 2010 10:12:03 +0530 Even though the RBI has not raised its policy rates yet, banks like ICICI, HDFC and Kotak Mahindra seem to be proactive. They have already raised rates on home loan and auto loan.Other commercial banks like Axis Bank Ltd, Union Bank of India, Canara Bank, Punjab National Bank, Bank of India and IDBI... http://www.rupeetimes.com/news/car_loans/season_for_teaser_loans_evanishes_for_icici_hdfc_and_kotak_mahindra_bank_3293.html 12345678903293 Thu, 04 Mar 2010 12:06:20 +0530 The biggest Indian oil company, Aban offshore is facing troubles for having incurred huge debt. The company is thus trying to negotiate with State Bank of India and Punjab National Bank for receiving a moratorium on short term loans. The company has approached the banks after it failed to refinance... http://www.rupeetimes.com/news/car_loans/oil_giant_aban_offshore_requests_sbi_and_pnb_for_moratorium_on_short_term_loans_3291.html 12345678903291