LIVE MARKET TRACKER :   BSE SENSEX   26419.55      |    NSE NIFTY 7913.20    
GLOBAL MARKETS :  NASDAQ 4532.104   +0.12%    |    FSI London 6770.09   -0.11%    |    NIKKEI Japan 15539.19   -0.30%
  USD GBP EUR CAD AUD INR
USD - 0.6033 0.7537 1.0954 1.0739 60.50
GBP 1.6579 - 1.2496 1.816 1.7804 100.3011
EUR 1.3268 0.8004 - 1.4533 1.4248 80.2696
CAD 0.9133 0.551 0.6884 - 0.9808 55.2562
AUD 0.9313 0.5619 0.702 1.0202 - 56.3467
INR 0.0165 0.01 0.0125 0.0181 0.0178 -
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
RIL, SAIL and Tata Steel to see some action today
(21-Aug-2014)

RIL, SAIL and Tata Steel to see some action todayReliance Industries (RIL) is implementing a project to import 1.5 million tonnes of ethane to feed its crackers in India, taking advantage of the US shale gas revolution. The project will significantly......click on news to read complete article.

RBI's chief hopes record foreign exchange to act as cushion against rupee volatility
(12-Aug-2014)

RBIReserve Bank of India's governor, Raghuram Rajan has expressed hopes that record foreign exchange reserves would act as a cushion against rupee volatility when global interest rates begin to climb. He......click on news to read complete article.

RBI to cut down 'pre-emptions' to ensure efficiency in financial system: Raghuram Rajan
(07-Aug-2014)

RBI to cut down A day after RBI lowered the mandatory government bond holding requirements for banks, i.e. Statutory Liquidity Ratio (SLR), its governor unveiled that the central bank was planning to reduce the amount......click on news to read complete article.

International Stock News
US markets end higher on upbeat economic data
(22-Aug-2014)

US markets end higher on upbeat economic dataThe US markets ended higher on Thursday despite a lackluster trade and some good economic data. However, the gains extended the recent upward trend by the markets, lifting the S&P 500 to a new......click on news to read complete article.

US markets end mostly higher after release of minutes of Fed's monetary policy meeting
(21-Aug-2014)

US markets end mostly higher after release of minutes of FedThe US markets made mostly a positive close on Wednesday after showing a volatile trend throughout the day, following the release of the minutes of the Federal Reserve's monetary policy meeting in late......click on news to read complete article.

US markets gain on encouraging economic report
(20-Aug-2014)

US markets gain on encouraging economic reportThe US markets closed higher on Tuesday, as concerns over global crises gave way to optimism that central banks will continue to accommodate a recovering economy along with a better-than-expected jump......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.