Emi

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Emi - Total results - 95
Maruti Suzuki India partners with HDFC Bank to offer flexible car finance schemes
Business

Maruti Suzuki India partners with HDFC Bank to offer flexible car finance schemes

The country's largest car maker Maruti Suzuki India on Thursday said it has partnered with HDFC Bank Ltd to offer flexible finance schemes for new car buyers

RBI 3-month EMI moratorium could provide Rs 2.1 lakh cr liquidity to companies: CRISIL Ratings
Business

RBI 3-month EMI moratorium could provide Rs 2.1 lakh cr liquidity to companies: CRISIL Ratings

The Reserve Bank of India's three-month suspension of EMIs could provide a liquidity breather of Rs 2.10 lakh crore if all corporates avail it, says a report

EMI moratorium fraud: Banks asking customers to be alert, not to share OTP with imposters
Business

EMI moratorium fraud: Banks asking customers to be alert, not to share OTP with imposters

In a bid to warn customers against fraudsters who may attempt to exploit the EMI moratorium scheme, leading banks are reaching out to their customers to caution them against ''EMI moratorium frauds'' and strongly advising them not to share sensitive information like OTP and PIN with imposters

EMI deferment as part of coronavirus relief may not be free; SBI clarifies moratorium to come at extra cost
Business

EMI deferment as part of coronavirus relief may not be free; SBI clarifies moratorium to come at extra cost

According to a report by The Financial Express, SBI management on Wednesday clarified that the deferral of interest payment and not the waiver hence it would come at a cost

Coronavirus Outbreak: Bank of Baroda offers refund of March EMI to home, auto loan customers
Business

Coronavirus Outbreak: Bank of Baroda offers refund of March EMI to home, auto loan customers

State-run Bank of Baroda on Wednesday said it is offering retail customers the option of getting a refund of the EMI that already has been deducted in March to meet any liquidity need during the disruption caused by COVID-19 pandemic

RBI allows three month's moratorium on EMIs: Here are the steps to follow if you are an account holder in SBI, ICICI and HDFC banks
Business

RBI allows three month's moratorium on EMIs: Here are the steps to follow if you are an account holder in SBI, ICICI and HDFC banks

Here’s what you need to do to apply for a moratorium on loan EMIs and standing instructions provided by several banks such as SBI, ICICI Bank and HDFC Bank

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium
Business

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium

Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India

Coronavirus Outbreak: Borrowers unlikely to get significant gains from loan moratorium; banks to charge interest later
Business

Coronavirus Outbreak: Borrowers unlikely to get significant gains from loan moratorium; banks to charge interest later

The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks

Coronavirus Outbreak: PSU banks announce moratoriums on loan EMIs following RBI directive
Business

Coronavirus Outbreak: PSU banks announce moratoriums on loan EMIs following RBI directive

Several reports have stated that despite the central bank's guidelines, borrowers were receiving messages reminding them that their EMI is due.

Coronavirus Outbreak: Confusion prevails among borrowers over three-month moratorium as many get EMI reminders
Business

Coronavirus Outbreak: Confusion prevails among borrowers over three-month moratorium as many get EMI reminders

With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak

Coronavirus Outbreak: Slashed interest rate needs quick transmission, says Nirmala Sitharaman after RBI repo rate cut
Business

Coronavirus Outbreak: Slashed interest rate needs quick transmission, says Nirmala Sitharaman after RBI repo rate cut

Finance Minister Nirmala Sitharaman on Friday asked banks for "quick transmission" of slashed interest rate as the RBI cut the key lending rate sharply by 75 basis points to boost liquidity in the financial system to deal with the COVID-19 pandemic

Nirmala Sitharaman announcements on Coronavirus: FM unveils Rs 1.7 lakh crore relief package, gives free LPG, wheat, rice to poor; key takeaways
India

Nirmala Sitharaman announcements on Coronavirus: FM unveils Rs 1.7 lakh crore relief package, gives free LPG, wheat, rice to poor; key takeaways

The Central government on Wednesday unveiled an economic package worth Rs 1.7 lakh crores primarily focussed at the poorest and most vulnerable sections of the society.

Coronavirus  outbreak: Goa tourism industry may suffer loss of over Rs 1,000 cr; urges govt to provide tax relief
Business

Coronavirus outbreak: Goa tourism industry may suffer loss of over Rs 1,000 cr; urges govt to provide tax relief

Travel and Tourism Association of Goa held a meeting on Thursday to review the stringent curbs imposed by the state government in light of the COVID-19 pandemic.

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
Business

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month

RBI cuts repo rate by 25 bps to decade-low of 5.15% to revive growth; home, auto loans to become cheaper
Business

RBI cuts repo rate by 25 bps to decade-low of 5.15% to revive growth; home, auto loans to become cheaper

The Reserve Bank on Friday cut its benchmark lending rate by 0.25 percent to revive growth that has hit six-year low of 5 percent, and affirmed commitment to remain accommodative to address growth concerns 'as long as necessary'

SBI mulls to approach RBI for clarification on lender’s plan to offer fixed-floating rate home loans
Business

SBI mulls to approach RBI for clarification on lender’s plan to offer fixed-floating rate home loans

At present, SBI has a floating rate home loan product linked to its marginal cost of funds-based lending rate and it recently withdrew one linked to the repo rate.

HDFC Bank to offer 2 million credit, debit cards named Millennia to millennials in next two years
Business

HDFC Bank to offer 2 million credit, debit cards named Millennia to millennials in next two years

HDFC Bank's credit and debit cards, christened Millennia come with a slew of features like a 5% cashback on shopping and a 1% fuel surcharge waiver

SBI announces home, auto loans at cheaper rates during festival season; other lenders likely to follow suit
Business

SBI announces home, auto loans at cheaper rates during festival season; other lenders likely to follow suit

Recently, SBI reduced MCLR by 15 bps due to which overall home loan interest rate is now reduced by 35 bps since April 2019.