squeeze

Credit squeeze hits car sales MUMBAI: Retail car sales by the Indian automobile industry have been hit hard by the squeeze on retail financing as banks have stopped hardselling car loans in the current economic climate, say auto industry representatives. Unlike in the past, when customers...

Stung by judicial intervention and regulatory raps following recent instances of excesses by recovery agents, private and foreign banks in India are responding fast. As a result, it has just got tougher for low- income earners in urban areas to borrow money from banks. ICICI Bank, the country's...