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Car dealers feel the load as sales slow, inventory piles up

by Horatio Thompson
Car dealers feel the load as sales slow, inventory piles up

Mumbai: Passenger vehicle makers have approached auto financiers requesting them to extend the credit cycle for dealers to 90 days from 60 at present, indicating the pressure building up in …

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car loans: SBI changes gears, links car dealer commissions to their performance

by Horatio Thompson
car loans: SBI changes gears, links car dealer commissions to their performance

In a first for the bank, State Bank of India, the country’s largest lender, is set to link the commission it pays to car dealers, for sourcing loans, to sales …

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Iran-Israel conflict: Finmin, MEA keeping tabs on West Asia developments; policymakers gear up for any exigency

by Ron Morgan
Iran-Israel conflict: Finmin, MEA keeping tabs on West Asia developments; policymakers gear up for any exigency

New Delhi: India’s policymakers and regulators are closely watching geopolitical developments in West Asia amid concerns any escalation could cause upheaval in the financial markets, disrupt exports and send crude …

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Luxury car financing market surges as more Indians trade up

by Horatio Thompson
Luxury car financing market surges as more Indians trade up

Sales of luxury vehicles are growing at a quick pace in India, so is the demand for loans to finance those purchases. Banks such as HDFC Bank, ICICI Bank, Bank …

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RBI’s unlikely to cut interest rates before June next year

by Ron Morgan
RBI’s unlikely to cut interest rates before June next year

MUMBAI: Markets worldwide may be keenly awaiting a return to lower interest rates, but a domestic derivatives gauge shows the Reserve Bank of India (RBI) is unlikely to start an …

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hdfc bank: Tata Motors partners HDFC Bank for commercial vehicle financing

by Horatio Thompson
hdfc bank: Tata Motors partners HDFC Bank for commercial vehicle financing

Tata Motors on Thursday said it has partnered with HDFC Bank to provide digital financing solutions for its commercial vehicle customers. The two companies have signed a Memorandum of Understanding …

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State Bank of India is Hiring For 8283 Posts; Prelims Exam in Jan 24

by Judith Hall
State Bank of India is Hiring For 8283 Posts; Prelims Exam in Jan 24

Home Education SBI Clerk Recruitment 2023: State Bank of India is Hiring For 8283 Posts; Prelims Exam in Jan 24 SBI Clerk notification has been released on the Bank’s website. …

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Exide’s lithium-ion cell project secures Rs 2,000 crore line of credit from banks

by Horatio Thompson
Exide’s lithium-ion cell project secures Rs 2,000 crore line of credit from banks

Exide Industries Ltd’s Rs 6,000 crore lithium-ion cell manufacturing project has secured a line of credit of Rs 2,000 crore from banks. Exide’s wholly owned subsidiary, Exide Energy Solutions Limited, …

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