Sify finance #mini #finance #deals

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  • Top Auto Finance Companies in India #home #finance #calculator

    #auto finance companies


    Top Auto Finance Companies in India

    Indian auto market has more than 35 financers that offer auto financing solutions to the intended car buyers. Being one of the fastest growing automobile markets in the world, the Indian automobile market has got so much of potential and hence a number of auto finance companies have come up to tap the booming market. It can be added here that the passenger vehicle market constitutes almost 80% of automobile sales. In 2008, the stock passenger car was about 11 per 1,000 people. The production of passenger vehicle is further expected to go up at a CAGR of about 10% from 2009-10 to 2012-13. So, sensing this market potential, many financial companies in India have given special attention on auto financing.

    During the 2000s, the auto finance in India was dominated by private banks, when Citibank was the market leader. But its market share dropped from 27 per cent during 90s to less than 8 percent during early 2000. ICICI Bank became the new leader with almost 29.2 per cent market share during 2003-04. The journey continued till 2008 when HDFC bank took the lead. However, the current trend shows that the PSU banks like SBI, PNB, Bank of Baroda, Bank of India, Canara Bank, Syndicate Bank and Union Bank etc. are leaving behind their private sector counterparts in the ` 22,000 crore passenger car and 2-wheeler loan market. The reason behind this is the fact that, private banks have been compelled to reduce their exposure to the sector owing to increased delinquencies.

    List of Top Auto Finance Companies in India

    Following is the list of top auto finance companies in India:

    • State Bank of India
      State Bank of India (SBI) is one of the leaders in the auto finance segments in India. Recently it has slashed down its rate of interest for the new cars, which, in turn, has attracted a number of customers. Its long repayment option and extensive network of more than 12,150 branches have also made it quite popular among the customers. Recently SBI has inked a deal with General Motors for car finance. In 2008-09, SBI registered a net profit of ` 9,121 crore, which was 35.55% bigger than the last financial year’s profit of ` 6,729 crore.
    • ICICI Bank
      ICICI Bank was the market leader in auto finance in India till 2008. Though currently not on the top, it still remains amongst the top 10 auto finance companies in India. However, to regain its lost reign, ICICI Bank is putting car loans on fast track. In the current financial year, ICICI Bank has doubled auto loan disbursement amount to more than 1,500 crore, comparing to the last financial year (ended March 2009). ICICI Bank registered a net income of ` 35,769.5 million in the last financial year (ended March 31, 2009).
    • HDFC Bank
      HDFC Bank is a market leader in auto finance in India. In order to stay in the race of dominating Indian auto finance market, HDFC Bank also cut down the rate of interest for its car loan. In the financial year 2008-09, HDFC Bank registered a profit of ` 2,444,93 lacs, comparing to ` 1,590,18 in the previous financial year.
    • Bajaj Auto Finance Limited (BAFL)
      Bajaj Auto Finance Ltd is one of the leading auto finance companies in India. Offering a diverse array of financial products to its clients ranging from two wheeler loans to other loans like consumer durable loans, business loans and many more, BAFL also offers free personal accident insurance to its clients. It has an extensive network of 50 branch offices and more than 6000 consumer durable dealerships. In the financially year 2008-09, BAFL registered a profit (after taxation) of ` 339.1 million, comparing to previous year’s profit of ` 201.2 billion.
    • Citibank
      Once a market leader in auto financing in India, Citibank offers automobile financing to its clients through its extensive dealership network across the country. One of the leading players in the market, Citibank offers a range of auto financing options for the customers. For the year ended March 31, 2009, Citibank registered a net profit (after tax) of ` 2,173 crore, which was 20% higher than its previous year’s profit of ` 1,804 crore.
    • Bank of Baroda
      Bank of Baroda offers specially-designed car loans for the customers so that it meets their demands, status and taste. Loans are offered for new as well as used cars. Bank of Baroda also offers a unique facility for installation of CNG/LPG Gas-kit in the cars. Unique features and low interest rates are USPs of Bank of Baroda car loans. In 2008-09, Bank of Baroda registered a net profit of 2,227.20 crore, comparing to the net profit of ` 1,435.52 crore in the previous financial year.
    • Punjab National Bank
      Punjab National Bank, a renowned leader in the field of auto finance market in India, offers auto loan for new as well as old vehicles of not older than 3 years. Loans are also offered for purchase of vehicles of foreign/indigenous makes. In September 2009, PNB tied up with Mahindra and Mahindra for financing their vehicles across the nation. PNB registered a net profit of ` 3,090,88 lacs in the year ended March 31, 2009.
    • Kotak Mahindra Prime Limited (KMPL)
      Kotak Car Finance has crafted a niche in the Indian auto finance market through its flexible schemes, hassle-free documentation and quick processing. KMPL finances new as well as used cars. In 2008-09, KMPL registered a net profit (after tax) of ` 1,570 million.
    • Sundaram Finance
      Sundaram Finance is one of the market leaders in the auto finance market in India. Founded in 1998, this company extends finance in all models of cars. Customers can choose from a range of vehicle and finance packages offered by the company. It also has an extensive network of more than 400 branches across the nation. Sundaram finance registered a consolidated net profit of ` 15073.14 lakhs in 2008-09.
    • United Bank of India
      United Bank of India is one of the leading auto finance companies in India offering range of car financing options to the customers. It offers car loan for new cars as well as for used cars. In 2008-09, UBI registered a net profit of ` 18470.96 lakhs.
    • Canara Bank
      Canara Bank offers attractive interest in the auto loans for its customers. From August 2009, Canara Bank further reduced its auto loan rates to woo customers. Canara Bank registered a net profit of ` 2072 crore in 2008-09, which saw a 32.4% rise from previous year’s net profit of ` 1565 crore.

    What information on futures does CNN Money provide? #ford #finance

    #cnn finance


    What information on futures does CNN Money provide?

    Quick Answer

    The cable channel’s Money web page on pre-market trading provides an estimate of the Dow Jones, NASDAQ and S
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    A Look Inside CNNMoney – s Online Biz News War Room #finance #payment #calculator

    #cnn finance


    A Look Inside CNNMoney s Online Biz News War Room

    andrew walker/getty images

    February 26, 2015 | 10:00AM PT

    Visitors walking into CNNMoney s New York bureau on the fifth floor of the Time Warner Center are greeted with a blast of data and ambient heat emanating from a huge array of video monitors.

    This story first appeared in the February 25, 2015 issue of Variety. Subscribe today. See more.

    Welcome to the business news site s digital war room. Erected in December, it comprises two 84-inch LG 4K monitors that flash second-by-second metrics and data visualizations from about a dozen Internet and social-media tracking services. Above those screens are five 32-inch TVs, tuned to CNN and other nets.

    It s not an actual room. Rather, in a bullpen in front of the 10-foot-wide video bank, a dedicated team of 10 multiplatform producers and analysts sit parked in two rows, glancing up constantly at the streams of data.

    The setup provides a business-intelligence control room for digital, says Ed O Keefe, VP of CNNMoney and Politics (pictured above). It s like getting Nielsen ratings in real time.

    Of course, any digital-news publishing outfit worth its salt closely tracks usage metrics and trending stories. But the war room s personnel is specifically tasked with acting on the data immediately to flag hot emerging topics for social and video content.

    The live stats can yield counterintuitive insights. Earlier this month, after NBC Nightly News anchor Brian Williams admitted he falsified an account of his experience in Iraq, CNNMoney pushed two different headlines for the same story: Controversy Grows Over Williams Iraq Apology and Apology Backlash: He s in for a Hell of a Ride. Within 20 minutes, war-roomers saw that the latter had higher click-through and sharing rates, leading the less-contextual Hell of a Ride version to become the headline for all users on the site.

    CNN prexy Jeff Zucker is a fan of the concept, swinging by several times daily to see what s trending, staffers say. In fact, the group s social-media producer has affixed two rearview mirrors on her monitor to detect when Zucker is peering over her shoulder.

    CNNMoney s war room effort appears to already have reversed a slide in audience. Effective June 1, 2014, Turner Broadcasting terminated its 14-year joint venture for the website with Time Inc. shifting full control to CNN. As a result, CNNMoney s unique monthly users fell precipitously, from 18.0 million in January 2014 to 12.4 million last June, per comScore. That was in part because the site lost about 10% of its traffic from Fortune, which remained with Time Inc. This January, however, CNNMoney bounced back up to 20.2 million uniques.

    Old-school journalists may balk at such a data-driven approach to news, says Andrew Morse, g.m. of CNN Digital, who also oversees CNN s U.S. newsgathering operations. But, he adds, To me, it s about getting effective reach for your stories.

    For CNN, digital properties like CNNMoney are an increasingly important piece of the 35-year-old cable news network s business. CNNMoney pulled in roughly $50 million last year, extrapolating from Time Inc. financial disclosures associated with its spinoff from Time Warner. That s a fraction of the coin CNN collects from its TV biz: Total overall revenue was $1.1 billion in 2014, according to SNL Kagan estimates. But the network is trying to steer the ship toward digital as ratings continue their descent, and as more consumers turn to the Internet first for news.

    There s an entire generation of people growing up who will never have a cable subscription, says O Keefe, former ABC News digital producer and editor-in-chief of NowThisNews, who joined CNN last May.

    CNNMoney s war room monitors track inputs from providers including Omniture, Chartbeat, Facebook, Spike s NewsWhip and Dataminr. It s a template for others the company expects to build, with the Politics bureau in Washington, D.C. on track to be the next to install a bunch of giant screens.

    Ultimately, the theory goes, the live data constellation will help CNN act more swiftly on stories that have the most audience traction as well as inform what it puts on the air.

    Says O Keefe: Social is the new newsgathering tool.

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    Business finance, SME loans, lending #wesbank #vehicle #finance

    #st george finance


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    Why We Want—But Can – t Have—Personal Finance in Schools #finance #used #cars

    #personal finance education


    Why We Want—But Can t Have—Personal Finance in Schools

    The drumbeat for teaching personal finance in schools has been heard. Doing something about it is proving more difficult.

    A nearly unanimous 99% of adults now agree that personal finance should be taught in high school, according to a poll last month from Harris Interactive sponsored by Bank of America. Yet just four states require a stand-alone personal finance course in high school and just 13 require money management instruction as part of some other class.

    The reasons for this disconnect are varied:

    • Only one in five teachers feels qualified to lead a personal finance class, according to a University of Wisconsin study. So we don’t have enough instructors.
    • Personal finance concepts are not part of standardized tests like the SAT or ACT. As the saying goes in education circles: If it’s not tested, it’s not taught.
    • Education is run at the state level. So there is no federal authority to mandate personal finance classes, and each state has its own ideas on how to go about it.
    • There is little academic agreement as to what kind of personal finance instruction works. Many educators are waiting for clarity before they sign on.

    We’re making progress. Teacher training through local government and school efforts, and through private programs like the PwC’s Earn Your Future is becoming more readily available. Nearly every state is participating in the common core initiative, which includes a push for personal finance. Nonprofits including JumpStart Coalition and Council for Economic Education have crafted teaching guidelines that should transcend state borders.

    Plenty other nonprofits, financial firms and federal authorities have stepped up with free programs. The federal government sponsors three useful websites at and The Treasury Department, Federal Deposit Insurance Corp. and others offer learning materials.

    Most big banks including Wells Fargo and Bank of America through a partnership with Khan Academy offer learning materials as well. So do credit card companies including Visa, which has a global financial education effort and a Practical Money Skills website. Regional banks are in the mix too. Next week, TCF Bank will unveil a free online financial education tool, joining several others.

    This barely scratches the surface of what’s out there and points up a new and troubling aspect of the financial literacy movement. For all our good intentions the effort is terribly disjointed, and for the first time the overwhelming amount of information may be undermining our goals.

    According to the Bank of America poll, 42% of adults are put off by the sheer amount of information available about financial issues and 28% believe it is difficult to learn about personal finance because amid so many choices they don’t know where to turn. We are suffocating under too much choice, which leads to inaction .

    So the broad effort to raise the financial IQ of individuals has reached an inflexion point: Almost everyone buys the notion that this is important. Nine in 10 adults in the survey said it is “essential” for adults to be knowledgeable about their personal finances and that if more were knowledgeable it would benefit the U.S. economy. Yet the uneven effort to spread this knowledge may be getting in the way. That’s the paradox of choice: more is less. It may be time to settle on the best programs, duplicate them, and get rid of everything else.

    Dan Kadlec is a journalist who has written about personal finance for TIME and other outlets for 25 years. He is the author of three books, a leading voice in the global financial literacy movement, and strategic adviser to the National Financial Educators Council.

    Kadlec’s latest is A New Purpose: Redefining Money, Family, Work,Retirement, and Success

    Vehicle and Equipment Finance #alpha #finance

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    St.George Bank – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

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    About Us – Bloomberg New Energy Finance #muthoot #finance

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    About Us

    Bloomberg New Energy Finance provides unique analysis, tools and data for decision makers driving change in the energy system. With unrivalled depth and breadth, we help clients stay on top of developments across the energy spectrum from our comprehensive web-based platform.

    BNEF products fit your daily workflow, streamline your research, sharpen your strategy and keep you informed. BNEF’s sectoral products provide financial, economic and policy analysis, as well as news and the world’s most comprehensive database of assets, investments, companies and equipment in the clean energy space. BNEF’s regional products provide a comprehensive view on the transformation of the energy system by region.

    BNEF has 200 staff based in London, New York, Beijing, Cape Town, Hong Kong, Munich, New Delhi, San Francisco, São Paulo, Singapore, Sydney, Tokyo, Washington D.C. and Zurich. Bloomberg New Energy Finance also leverages Bloomberg s 19,000 employees in 192 locations, generating more than 5,000 daily news stories across TV, BusinessWeek, Mobile, Digital and Radio.

    Follow BNEF

    About Us NZ #finance #car

    #instant finance


    About Us

    At MyFinance we like to help make your finances smoother, faster and less stressful. So we offer a complete range of personal loans, motor vehicle finance and debt consolidation options to help you reach your goals faster. We think our flexible repayment schedules, competitive interest rates and friendly service makes us pretty hard to beat.

    My Finance is a trading division of Instant Finance Ltd. And is based at:

    Level 1, Building B
    600 Great South Road

    Auditors PricewaterhouseCoopers
    PricewaterhouseCoopers Tower
    188 Quay Street

    Westpac New Zealand Limited

    Crengle Shreves Ratner
    Morrison Kent House
    105 The Terrace

    Our Development Team

    Richard de Lautour

    Chief Executive

    Richard was appointed Chief Executive of Instant Finance Limited in January 2003 having completed 20 years’ service with Allied Finance where he was General Manager for the majority of that time. Under his stewardship Allied grew from $400,000 in total assets in 1982 to $173 million in June 2000 when it was amalgamated with Marac Finance Limited. During his time with Allied he was responsible for the establishment of BMW Financial Services NZ Limited and Nissan Finance NZ Limited. Previous directorships include Auckland Motors Ltd, BMW Financial Services NZ Limited and Nissan Finance NZ Limited. Richard served on the executive committee of the Financial Services Federation from 1993 to 1999 and was Chairman of that organisation from 1999 to 2002. He was re-elected back on to the executive in September 2006 and served two terms as Chairman. An active Rotarian, Richard is a member of the Rotary Club of Auckland and Chairman of the Rotary Club of Auckland Trustee Company Ltd.

    Mary Gardiner

    Chief Financial Officer

    Mary has an extensive finance and audit background having worked with KPMG in Auckland, Dusseldorf and Sydney. On returning to NZ from Sydney, she joined Air New Zealand where she was Manager, Governance Risk, as part of the Internal Audit and Risk team. More recently she was CFO at Radius Health Group and oversaw the sale of that organisation’s various operating businesses. Mary has an interest in sports governance and is currently Chairperson of Auckland Netball and a Director of Badminton NZ.

    Grant Atkinson

    General Manager, Operations

    Grant was previously at Marac Finance Limited for 14 years where he was responsible for the credit and risk management function in his role of General Manager Credit. In this role he developed and implemented Marac’s Risk Management Programme required under the Reserve Bank’s supervision of non-bank deposit takers. Grant has a wealth of experience in loan approval and review and in building and managing successful teams and processes in the collections and recovery areas.

    John Webber

    Business Development Manager

    John has had 20 years of experience in the motor vehicle finance industry, including the roles of F I Manager in dealerships. John spent several years as an independent finance broker and a lengthy spell with Monetary Matters, which transformed into Senate Finance where he held the position of General Manager. John has been self-employed for the past 10 years and enjoys his active involvement in the thoroughbred breeding industry.

    Cath McCarthy

    Area Manager – South Island

    Cath McCarthy started her career in the car finance industry with MARAC (formerly Allied Finance, formerly Finance Discounts) in 1997 and was there for approx 8 years. Cath dealt with everything from approvals, repossessions, floor plans to commission accounts etc. It was during this time that she began to work closely with the local dealerships and establish herself in the industry. Cath’s business relationships diversified over the next few years to include all aspects of consumer finance. She joined Gold Band Finance in 2005 as a Senior Lending Consultant and began dealing with Brokers (finance, mortgage and commercial). This was where she gained her experience in the current 2nd tier finance market. Cath has been instrumental in setting up the South Island operating arm of MyFinance in 2013.

    Got some questions?

    Forbes India Magazine – How Sudhin Choksey carved a niche for Gruh Finance #bike #finance

    #gruh finance


    How Sudhin Choksey carved a niche for Gruh Finance

    Sudhin Choksey, MD and CEO, Gruh Finance

    n 1998, when Sudhin Choksey took over as the CEO of Gruh Finance, the company was in a financial mess. For Choksey, the reason was not hard to see; correcting it, though, was going to take the better part of the next five years.

    Founded in 1986 by the late HT Parekh who also established the financial conglomerate HDFC Gruh Finance s initial mission was to provide housing loans to low-income people in small towns. But in the years preceding Choksey s elevation, the company had strayed from its initial mandate. In addition to making mortgages available to the lower end of the pyramid, Gruh had ventured into allied areas like providing construction finance to developers.

    So it was hardly a surprise that the real estate crash of 1994-96 hit the company hard. Developers stopped making interest payments even as home sales dipped, resulting in no cash flows. It was then that Choksey, 62, who describes himself as a hands on manager, got into the act.

    Nearly two decades later, the results are for all to see. Gruh Finance, a subsidiary of HDFC, has established a niche for itself in the housing finance sector by providing small-ticket home loans in small towns and cities. It has also developed its own model to assess the credit risk of people without regular incomes.

    In the process, the company has grown its revenues and profits at a CAGR of 24 percent and 17 percent respectively, in the last five years. Its stock price has also grown at a compounded annual rate of 47 percent in the same period. These numbers alone vindicate the changes effected by Choksey.

    Staying true to fundamentals
    One of Choksey s first steps after assuming charge at Gruh was to refocus on the founding mission of the company providing home loans to people with small incomes and living in small towns. For this, he realised Gruh had to revamp its branch model.

    I realised that the branch model of HDFC would not work in small towns, he says. On a visit to a Gruh Finance branch in Mehsana, on the outskirts of Ahmedabad, Choksey noticed there were 11 employees (two each for marketing, legal, collections and so on) a large number in a branch that had little business. The branch structure had to be changed and this could only be done by redeploying the staff, he says.

    Across the smaller towns of Gujarat, new branches managed by just two people were opened. With resources more efficiently deployed, Choksey now turned his attention to perfecting his product offering and tailoring it for the bottom of the pyramid.