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The continuously slowing down demand and rising inventory has forced the car makers in the country to offer lucrative discounts on cars to attract buyers towards their showrooms. Strugling with the slowing demand, the car makers in India are now offering discounts of up to 20 % in the Indian market. A range of lucrative […]

The country’s largest lender State Bank of India (SBI) said the Finance Ministry has given an assurance that the bank would be adequately capitalised by March 2012, but it has not yet decided on the route it will take for the same. “Whether it would be a rights issue, preferential or QIP route… It is […]

The two banks that have offered 6% on their saving bank deposits are the banks with a very small network offices. Therefore they perhaps need to take this battle for saving bank deposits to the pricing front rather than the service front, but our understanding is that saving bank customers are looking for much more. […]

Maruti Suzuki’s sales slipped more than half, down 52% to 51,458 units, compared with 1,07,555 cars sold last October. The company, which also posted its worst quarterly results on Saturday, with a 60% slide in profit for the July-September period, attributed the decline to the recurring workers’ unrest that led to an output loss of […]

The responsibility of the repayment goes on to the co-borrower or the family members of the deceased borrower. In a normal situation, if the borrower was insured the family could use the claim proceeds to settle the loan. But what if that money is not sufficient? And if it is, then the family is left […]