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Public sector banks rule out rate cut on auto loans

Dec.27, 2008 in News

State-run banks are not planning to give automobile loans at concessional interest rates despite a suggestion from the department of
heavy industry (DHI) to create a special package for the auto industry to boost demand.

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Loans are reasonable deal for automakers

Dec.22, 2008 in News

President Bush made it clear last Friday morning that he was not eager to lend federal money to General Motors and Chrysler. Unlike Senate Republicans, though, Bush saw that the alternative to an auto industry loan was a chaotic collapse that would cripple the national economy.

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