Cheap Car Insurance for the Under 25's

Banks concentrating more on home loans and car loans Bank Bazaar

29.04.10

Three private sector banks Axis Bank, HDFC Bank and ICICI Bank announced their annual results last week. All of them have a big portfolio of home and car loans while a very small part of their retail loan portfolio comprises unsecured loans.

HDFC Bank posted the highest increase in home loans on a y-o-y basis at 70.6% for the quarter ended March 31, 2010.

The bank posted an increase of 26.5% y-o-y in the car loans division. The retail loan book of the bank increased by 18.1% y-o-y in the quarter ended March and 9.5% over the December quarter to Rs 72,220 crore. The credit cards division registered a decline of 2.6% y-o-y and personal loans increased merely 7.3%.

Home loans formed the biggest part of retail loans for ICICI Bank at 60% of its retail loan book trailed by car loans, which comprised 15% of the portfolio.

Personal loans and credit cards make up just 5% of retail loans.

Axis Bank saw an increase of 29.72% y-o-y as of March 31, 2010 in retail loans. From  the bank’s total retail loan portfolio, home loans and car loans comprised 70.8% and 13.3%, respectively, while personal loans and credit cards made up 9.5% and 2.2%, respectively.

Source:

axis bank car loan - News

SBI auto loan at 8% Economic Times - Jun 27, 2009 Indian ExpressSBI auto loan at 8%Economic TimesAxis Bank is likely to review its rates on Monday. "We have reduced our loan rates by 30-40 basis points to around 11.25%. If there is a policy action which SBI to offer auto loan at 8%all 80 news articles »

Attractive auto financing terms could propel overall growth in ... Wheels Unplugged Indis'a Automobile Magazine - Jun 30, 2009 Attractive auto financing terms could propel overall growth in Wheels Unplugged - Indis'a Automobile MagazineFor example, State Bank of India has announced a special interest rates- dropping interest rate for car loans to 8 per cent for the first year and 10 per and more »

Come 10 June, finance minister should not attempt to play god Livemint - Jun 07, 2009 Come 10 June, finance minister should not attempt to play godLivemintFor private banks such as ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd and others, PLR ranges between 13% and 16%. Why has there been such a difference in and more »

Indian Markets Monday Wrap-Up: Metals, Realty Lead the Decline Seeking Alpha - Jun 08, 2009 Indian Markets Monday Wrap-Up: Metals, Realty Lead the DeclineSeeking AlphaAs per a leading business daily, ICICI Bank plans to shift its focus areas in the secured assets category (housing, car, infrastructure and corporate loans) and more »

Green Shoots or Yellow Weeds? Latest Project Syndicate Op-Ed RGE Monitor - Jun 08, 2009 Green Shoots or Yellow Weeds? Latest Project Syndicate Op-EdRGE Monitor(Maybe he and I are the real axis of evil.) My first marriage ended in divorce. My current wife and I lived in sin - very sedate, bourgeois sin, and more »