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MONEY & BANKING
INTEREST RATES:
SBI cuts car loan rates
8% for first year. Mumbai, June 27 To increase its credit offtake and market share, State Bank of India on Saturday reduced the interest rate on car loans to 8 per cent for the first year. For the second and third years, the bank will charge 10 ...
FOREX:
Get the best of remittances
With private players and banks offering remittance services, the options today are many for sending money from overseas to India. But before zeroing in on an option, work out what is crucial for you – time or money. The answer to that ...
DERIVATIVES MARKETS:
MCX SX applies for SEBI nod to launch interest rate futures
Mumbai, June 27 MCX Stock Exchange (MCX SX), promoted by Financial Technologies, has approached the Securities Exchange Board of India (SEBI) for approval to launch trading in interest rate futures. Currently,, the exchange, which provides ...
INTEREST RATES:
Allahabad Bank cuts PLR
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CO-OPERATIVES:
Rs 195 cr in claims by co-op bank depositors settled
Mumbai, June 27 The Deposit Insurance and Credit Guarantee Corporation (DICGC) has settled claims amounting to Rs 195 crore from depositors of 28 Urban Co-operative Banks (UCBs) in ...
MORTGAGE:
Housing Ministry bats for mortgage guarantee fund
New Delhi, June 27 The Housing and Urban Poverty Alleviation Minister, Ms Kumari Selja, has pitched for creation of a ‘Housing Mortgage Guarantee Fund’, entailing a corpus of about Rs 15,000 crore. The fund could be conceptualised ...
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