LIVE MARKET TRACKER :   BSE SENSEX   28334.63      |    NSE NIFTY 8477.35    
GLOBAL MARKETS :  NASDAQ 4712.97   +0.24%    |    FSI London 6750.76   +1.08%    |    NIKKEI Japan 17357.51   +0.33%
  USD GBP EUR CAD AUD INR
USD - 0.6388 0.8072 1.1239 1.1537 61.70
GBP 1.566 - 1.2641 1.7601 1.8067 96.6222
EUR 1.2393 0.7916 - 1.3929 1.4298 76.4642
CAD 0.8905 0.5689 0.7189 - 1.0274 54.946
AUD 0.8673 0.554 0.7001 0.9748 - 53.5112
INR 0.0162 0.0104 0.0131 0.0182 0.0187 -
Indian-Commodity  :  Corporate  :  SBI trims processing charges on auto loans to a flat amount of Rs 500

SBI trims processing charges on auto loans to a flat amount of Rs 500 (07-Jan-2013)

State Bank of India (SBI) in a bid to increase its lending base has trimmed processing charges on auto loans to a flat amount of Rs 500 irrespective of the size of the loan. The bank will also continue with its festival offer of lower processing fees on home loans, which was due to end in December 2012.

The bank was earlier charging 0.50% as processing fees on car loans which were reduced by 50% to 0.255% during festival offer in October. Now the bank will charge a flat rate of Rs 500 as a processing fee on car loans.

The car loan offered by the bank is cheapest in the industry. It also offers loans of the longest tenure up to 7 years. Additionally the loans are based on floating rate and will move along with the bank's base rate. The loans can be pre-paid at anytime without attracting any penalty.

Besides, the home loans are available at 10% up to Rs 30 lakh and at 10.15% for loans above Rs 30 lakh. The processing fees vary from Rs 1,000-5,000 depending on the size of the loan and Rs 1,000 for takeover of loans from other lenders.


Top News Today
Kotak Bank, ING Vysya Bank, Tech Mahindra and Dr. Reddy's to see some action today
(21-Nov-2014)

Kotak Bank, ING Vysya Bank, Tech Mahindra and Dr. ReddyKotak Mahindra Bank has announced that it will acquire Bengalaru-headquartered ING Vysya Bank in an all-stock deal. ING shareholders will get 725 Kotak Bank shares for every 1,000 shares they hold. The......click on news to read complete article.

SEBI tightens the rule for insider trading in markets
(20-Nov-2014)

SEBI tightens the rule for insider trading in marketsMarket regulator, the Securities and Exchange Board of India (SEBI) has tightened the noose around the Insider Traders and has announced measures to improve the integrity of the capital markets by enlarging......click on news to read complete article.

NTPC, Dr. Reddy's and Alok Industries to see some action today
(20-Nov-2014)

NTPC, Dr. ReddyThe country's largest power producer, NTPC has evinced interest to develop the 2,400 Mw coal-based power station proposed at Kamakhyanagar in Dhenkanal district through the joint venture (JV) route. The......click on news to read complete article.

International Stock News
US markets closed higher as Europe, China fuel optimism
(22-Nov-2014)

US markets closed higher as Europe, China fuel optimismThe US markets closed higher on Thursday, as optimism in the global economy grew after central banks in China and Europe signaled additional stimulus measures. The initial strength on Wall Street came......click on news to read complete article.

US markets closed up on signs of strengthening economy
(21-Nov-2014)

US markets closed up on signs of strengthening economyThe US markets closed higher on Thursday, as data showed improvements in the American economy which overshadowed concern over weaker growth overseas. On the economy front, the number of people who applied......click on news to read complete article.

US markets closed lower on FOMC minutes
(20-Nov-2014)

US markets closed lower on FOMC minutesThe US markets closed lower on Wednesday, as Fed minutes revealed scant little insights about the US central bank's policy plans. A number of Federal Reserve officials pushed their colleagues to say more......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.