The increase in benchmark floating reference rate is on account of changed financial market parameters with respect on borrowing costs.
About GE Money India
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GE Money is one of the leading providers of financial services to consumers and retailers in India, offering a range of innovative financial products to suit its customer's needs. It has a strong retail distribution network in over 5,500 outlets across 70 locations and is a leader in a wide range of products including car finance, two wheeler finance, consumer durable finance, personal loans and loan against property and home loan. Strong operations backed by the latest information technology support the product lines. Its CRM program is among the most successful customer retention programs in India and a single database housing over 2.6 million customer accounts, latest technology and centralized operations ensure the best service standards in the industry. With strong joint venture partners in and State Bank of India with 2.9 million cardholders, GE Money continues to add value to its customers and partners in India.