auto loans

US consumer credit up


August 8th, 2012 - 1:33 pm ICT by IANS
Washington, Aug 8 (IANS) US consumer credit increased at an annual rate of 3 percent in June, a positive sign of growing confidence in the economy, the Federal Reserve reported.The ... Read more...

Posted in Business |

US consumer credit goes up


July 10th, 2012 - 2:11 pm ICT by IANS
Washington, July 10 (IANS) US consumer credit increased at an annual rate of 8 percent in May as consumers stepped up their borrowing, the US Federal Reserve reported. Total consumer ... Read more...

Posted in Business |

Interest rates to go down but not immediately, say top banks


April 17th, 2012 - 6:23 pm ICT by IANS
New Delhi, April 17 (IANS) The Reserve Bank of India's (RBI) move Tuesday to cut key rates for the first time in three years by a sharp 50 basis ... Read more...

Posted in Business |

US consumer credit up in October


December 8th, 2011 - 1:15 pm ICT by IANS
Washington, Dec 8 (IANS) US consumer credit increased at an annual rate of 3.7 percent in October, a positive sign for a still fragile economic recovery, the Federal Reserve has ... Read more...

Posted in Business |

Small home loan borrowers to get 1 percent interest subsidy


October 25th, 2011 - 5:45 pm ICT by IANS
New Delhi, Oct 25 (IANS) In a bid to provide relief to small home loan borrowers from rising interest rates, the government Tuesday said it will provide 1 percent ... Read more...

Posted in Business |

Inflation remains sticky, growth will moderate: RBI


October 24th, 2011 - 8:30 pm ICT by IANS
Mumbai, Oct 24 (IANS) The Reserve Bank of India (RBI) Monday said economic growth for 2011-12 will be lower than its earlier projection of 8 percent even as inflation remained ... Read more...

Posted in Business |

RBI set to again hike rates to tame inflation


October 24th, 2011 - 5:10 pm ICT by IANS
Mumbai, Oct 24 (IANS) The Reserve Bank of India (RBI) is widely expected to again hike key policy rates Tuesday to curb stubbornly high inflation. The 13th hike since March ... Read more...

Posted in Business |

BankMuscat goes online with Nucleus software product


October 8th, 2011 - 8:05 pm ICT by IANS
Bangalore, Oct 8 (IANS) Oman's BankMuscat's operations have gone online with the FinnOne software of Nucleus Software, switching over from conventional and manual intervention to improve collection process, the Indian ... Read more...

Posted in Business |

Auto stocks slip as traders worry over slack sales


July 16th, 2011 - 5:13 pm ICT by IANS
Mumbai, July 16 (IANS) Automobile stocks closed lower this week, reflecting worries of traders over a slowdown in the sector with sales growth rising only about 12 percent in June.The ... Read more...

Posted in Business |

Interest rates, fuel hikes dampen automobile sales in May: SIAM


June 9th, 2011 - 6:40 pm ICT by IANS
New Delhi, June 9 (IANS) Rising interest rates and fuel price hikes seem to have dampened domestic car sales in May, with single digit growth of only seven percent registered ... Read more...

Posted in Uncategorized |

Indian central bank hikes policy rates again to curb inflation


March 17th, 2011 - 1:59 pm ICT by IANS
Mumbai, March 17 (IANS) India's central bank Thursday hiked its short-term lending and borrowing rates by 25 basis points each for the eighth time in 15 months to tame inflation ... Read more...

Posted in Business |

Five held for bank frauds in Delhi


March 11th, 2011 - 10:49 pm ICT by IANS
New Delhi, March 11 (IANS) Five people were arrested here for allegedly obtaining loans using fake documents and cheating banks for crores of rupees, police said Friday.Kingpin Jitesh Keshwani, Manish ... Read more...

Posted in Uncategorized |

Soaring prices prompt India’s central bank to hike key rates (Roundup)


January 25th, 2011 - 5:52 pm ICT by IANS
Mumbai, Jan 25 (IANS) With inflation soaring to double-digits and factory output growing in spurts, India's central bank Tuesday hiked its short-term lending and borrowing rates by 25 basis points that ... Read more...

Posted in Business |

India’s Reserve Bank hikes key rates to tame inflation (Lead)


January 25th, 2011 - 1:30 pm ICT by IANS
Mumbai, Jan 25 (IANS) In a bid to tame prices that has seen annual food inflation soar to double digits, India's central bank Tuesday hiked its short-term lending and borrowing rates by ... Read more...

Posted in Business |

Reserve Bank of India hikes key interest rates (Lead)


July 2nd, 2010 - 9:43 pm ICT by IANS
Mumbai, July 2 (IANS) India's central bank Friday hiked key interest rates by 25 basis points with immediate effect in an attempt to contain soaring inflation, which could make housing and auto ... Read more...

Posted in Business |

Augusta, GA car salesman sentenced for loan fraud


March 6th, 2010 - 7:07 am ICT by BNO News
AUGUSTA, GEORGIA (BNO NEWS) – A car salesman of Augusta, Georgia was sentenced on Friday to 15 months in prison to one count of wire fraud conspiracy, prosecutors announced.Amos Meyers, 47, was ... Read more...

Posted in World News |

American consumer borrowing drops by $6.6 bn


February 7th, 2009 - 1:40 pm ICT by IANS
Washington, Feb 7 (IANS) Borrowing by American consumers tumbled for the third month in a row, falling by $6.6 billion to $2.562 trillion as the faltering US economy continues to pressure households ... Read more...

Posted in Business |

Chrysler receives $4 bn US government loan


January 3rd, 2009 - 9:50 pm ICT by IANS
Washington, Jan 3 (DPA) US car maker Chrysler confirmed Saturday that it had received an initial infusion of $4 billion from the US government.In statement from its corporate headquarters in Detroit, Michigan, ... Read more...

Posted in World |

ICICI Bank, LIC Housing cut home loan rates


December 31st, 2008 - 9:42 pm ICT by IANS
Mumbai, Dec 31 (IANS) Two more lending institutions - ICICI Bank and LIC Housing - Wednesday cut their interest rates on home loans by up to 75 basis points (bps).While LIC Housing ... Read more...

Posted in Uncategorized |

Sales of automobiles poor due to lack of easy loans from Banks


December 25th, 2008 - 2:28 pm ICT by ANI
New Delhi, Dec 25 (ANI): Chairman of Maruti Suzuki India Ltd. R C Bhargava has said that sales of automobiles have not picked up due to lack of easy loans from ... Read more...

Posted in Business |

Maruti Suzuki second quarter profit slumps 37 percent


October 24th, 2008 - 7:00 pm ICT by IANS
New Delhi, Oct 24 (IANS) India's largest automobile manufacturer Maruti Suzuki India saw its net profit slumping 37 percent in the second quarter this fiscal, as compared to same period last year, ... Read more...

Posted in Business |

ICICI, HDFC bank hike home loan rates by 0.75 percent


July 31st, 2008 - 8:34 pm ICT by ANI
New Delhi, July 31 (ANI): The HDFC Ltd today announced a hike of 0.75 per cent in lending rates from August 1 for old and new floating rate customers, who would ... Read more...

Posted in National |

ICICI launches branch-free banking


July 7th, 2008 - 9:50 pm ICT by IANS
Mumbai, July 7 (IANS) India's largest private sector bank ICICI Monday became the first bank in the country to launch 'B-2 Branch-free Banking'. ICICI bank executive director V. Vaidyanathan told reporters here: ... Read more...

Posted in Business |

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