Auto -dealers urge the Minister of Finance to clarify about compensation protection

Consequences include the liquidity stress of party season, criminal interest, potential infringements of the covenant and the refinancing pressure on banks/NBFCs exactly when the inventory is building before the September-to-Diwali peak | Photocredit: Velankanni Raj B New Delhi The Federation of Automobile Dealers Associations (FADA) has written to Minister of Finance Nirmala Sitharaman and has […]

FADA is looking for RBI intervention against private banks that postpone the rate reduction to automatic buyers

The Federation of Automobile Dealers Associations (FADA) has searched the intervention of Reserve Bank of India against alleged delays by private banks when transferring the interest rate letters to buyers in the car. In a letter to RBI governor Sanjay Malhotra, FADA also called for an evaluation of the Repo-rate Pass-Through repeats of private banks […]