Take a view on this! NSE is above 6000 and BSE is above the psychological 20,000 mark. If you own a house or plan to buy a house in any of the metropolitan cities, you must have witnessed the sharp rise in residential properties. Gold prices are ruling at an all-time high level. The disposable… Read More »
LIC Housing Finance has increased its interest rates in some of its schemes and created a separate slab for loans above Rs. 75 lakh following the tightening in home loan lending norms.
Recent news reports said that State Bank of India has raised €750 million through a five-year bond. Reports say that this is the largest bond issued by an Indian company.The bond will mature on November 30, 2015 and will offers yield of 4.601 per cent.
Banks and financial services companies are moving their focus from credit cards to prepaid cards.
Demand for loans has gone up sharply in the fortnight ending on September 10. This rise in demand is a good sign after 2 months of slow growth.
Home loan lender, Union Bank of India has said that it is anticipating a capital infusion valued at Rs 1500 crore from the government as an assistance to hike its business.
Personal loan lender, Union Bank of India would be increasing interest rates on deposits in October after the latest policy rate increase by RBI, according to Chairman and MD of the bank, M V Nair.
A penalty worth Rs 2 lakh levied on personal loan lender, Standard Chartered Bank by Enforcement Directorate has been set aside by the Delhi HC. The penalty was levied on charges of the bank taking deposit in NRI account via a person not an account holder 18 years ago.
The central bank, Reserve Bank of India has postponed its financial inclusion plan up to March 2012. The apex bank had set the aim of bringing banking services to every village whose population is 2000 and over.
Customers who had availed of gold loans upto Rs 1 lakh from regional rural banks (RRBs) have been allowed to make a one time repayment of the complete loan amount by Reserve Bank of India.