UwidoNews

State Bank of India (SBI), which announced an aggressive auto loan scheme on Saturday, hopes to enhance monthly disbursements by 50 per cent from around Rs 300 crore at present. The largest and the most aggressive car financier, SBI is already financing over 10,000 cars every month.

Mortgage major Housing Development Finance Corp (HDFC) might extend its new home loan scheme beyond January, if cost of funds remained stable, a senior company official said today.

Tata Motors Ltd. is in talks with State Bank of India SBI to secure a counter guarantee for a loan it’s seeking for its Jaguar and Land Rover unit.

SBI (State Bank of India) has snipped interest rates by 25-50 basis points on deposits up to 5 years time period. After several months, this is for second time that India’s biggest bank has snipped term deposit rates.

U.S.Bank has become the first major bank in the U.S. to offer an interest rate rate reduction on auto loans for environmentally friendly cars. Specifically, any personal loans taken out on EPA-certified “SmartWay” vehicles will get a half percentage rate reduction.

Axis Bank has become the new price warrior in the car loan segment. The third-largest private sector bank has slashed interest rates by around 150-200 basis points in the past one month in select southern markets.

State-run Union Bank of India has seen a rise in demand for farm loans in the last two months and expects the portfolio to grow by around 18 per cent in FY10, a top official said.

State Bank of India, the country’s biggest bank have declared a forecast in the rise of profit on large trading gains, and it has also declared that the coming quarters will be enhanced by more loan growth and broader interest margins.

Public sector lenders Central Bank of India and Andhra Bank reduced their benchmark prime lending rates (BPLR) today.While the former brought it down by 0.50 per cent to 12 per cent, the latter by 25 basis points to 12.25 per cent from the current 12.50 per cent.