NEWS & ADVICE : CAR LOANS
Banks may get more equity from government
By Joseph Samson
Feb 20, 2014
Print    Email    RSS   

According to the budget the amount of Rs 11,200 crore was decided as equity to be provided to the banks. But it is reported that banks may get more than this next year. On the basis of the loans schemes for consumer products and automobiles the banks offer to their customers, banks are suppose to finalize the demand of financial support they will need.

Government will chip in with 10% of the loan disbursal as its share of equity. PNB bank has finalized the a bill with finance ministry however other banks are yet to go. The banks will first meet IBA and will put up their demands.

A senior official reported that the government has allocated Rs 14,ooo crore and the amount may go up if the bank demands more, but Government is much alert and have asked the lenders first recover loans that have already been written off. The official stated that from past few months government is more focusing on banks to recover the loans that will help them to enhance the banking, if needed the finance ministry will providing support to the banks.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Manage your loans, avoid recovery agents
Loans against Cars: A Quick Solution for...
This is how a bank lends money
Carnival of Indian Personal Finance Blogs #4
A chronicle of excesses by loan recovery...


I need to know the status of my loan account details...
i want to car loan online statement
looking-call-girls-in-noida-sec 70, 750344-8221...
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...
how to got car loan statement from hdfc bank
i want to check my sbi car loan balance

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive