Union Bank too links domestic, auto loans to repo prices

MUMBAI: State-run Union Bank on Friday has become the present-day country-run financial institution to provide repo-connected domestic and auto loans. Already State Bank and 7 different country-run banks have announced that their new loans and deposits may be priced to the repo-charge. With this, the town-based totally lender will price home loans above ₹30 lakh […]

SBI tightens lending terms for car sellers as vehicle income hunch

State Bank of India (SBI) has tightened lending terms dramatically for automobile dealerships, in keeping with supply and an inner memo visible by means of Reuters, in search of to lessen its publicity to risk from a region in the midst of a pointy downturn. The shadow banking disaster that commenced to unfold in India […]

The flip aspect to the ongoing recession in the Auto Industry!

In latest times, the Auto Industry is going through a steep downfall. This isn’t always only affecting the sales of automobiles but is also affecting the roles of human beings. Prominent Industry players additionally couldn’t escape this wrath and are pressured to make unwilling modifications in their organizational structure, consistent with a story via India […]