Insurance Costs

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Shadow banking crisis: State Bank of India tightens lending terms for auto dealers, says report
Business

Shadow banking crisis: State Bank of India tightens lending terms for auto dealers, says report

As part of the revised terms, State Bank of India, the largest bank in the country by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral, according to a memo

Auto retail sales down 11% in festive period on rise in fuel prices, insurance costs; high inventory worries FADA
Business

Auto retail sales down 11% in festive period on rise in fuel prices, insurance costs; high inventory worries FADA

According to FADA, total registrations during the 42-day festive period, which fell between 10 October and 20 November this year, stood at 20,49,391 units.