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Arvind Saxena, Director (Marketing & Sales), HMIL and K. Jayakar Shetty, GM, Vijaya Bank signed the MoU on behalf of their companies.
At this event Albert Tauro, Chairman & MD, Vijaya Bank and Smt. Shubhalakshmi Panse, Executive Director, Vijaya Bank were also present.
According to the contract, both companies would concentrate on the car loan business [...]

Hyundai Motor India Ltd ( HMIL), the second largest car manufacturer and the largest passenger car exporter, in a bid to enhance financing options for its customers, signed a Memorandum of Understanding (MOU) with Bank of India, a major public sector bank.
Under the MOU, Bank of India, a premier nationalized bank, will be financing [...]

Union Bank of India and Punjab National Bank on Saturday announced cuts in interest rates on car loans and home loans with effect from March 1.
Union Bank of India cut the interest rates on new car loans by 125-150 basis points and on home loans by 25-200 basis points.
PNB cut the interest rates on [...]

With the purchasing power of numbers of people in India increasing rapidly, purchasing a car has become almost a priority for them. This leads them to car loans, which enable them in buying the vehicle of their dreams. However, it would be wise to take all the aspects of these loans into account before [...]