A recent press report said that talks are on everywhere with regulators wanting to do away with prepayment penalty being levied on home loan borrowers for floating rate loans. The Reports said that the lenders have however showed their dissatisfaction on the regulators suggestion to do away with prepayment penalty being levied on home loan… Read More »
A recent press report said that the government is working with the World Bank and the International Finance Corporation (IFC) to develop an appraisal mechanism for borrowers in the informal sector for disbursements under the mortgage risk guarantee fund for housing loans. A World Bank spokesperson said that they have just started to work on… Read More »
A recent press report said that the Government has announced an extension of 2 per cent interest subsidy on rupee export credit for a year effective from April 1, 2011. The Reserve Bank of India, in its recent announcement said that the banks should reduce the interest rate to be charged on the exporters to… Read More »
As per the report from the Credit rating agency Crisil, GDP growth is estimated to be lowered to 7.6 per cent for the Fiscal Year 2012 from the previous forecast of 7.7 to 8.0 per cent. Crisil has downgraded the GDP growth for the second time. In 2010, it has been estimated that the GDP… Read More »
A fixed rate home loan scheme offers home loans at a fixed rate which will remain fixed for the complete tenure of the loan. The fixed rate home loan scheme is offered by Axis Bank under the name “Nischint”. According to the scheme there will not be any changes in the EMI and the bank… Read More »
A recent press report said that the state of Kerala is likely to set benchmark for all by trying to get the top place and being the first to achieve 100% financial inclusion in the country. Ms. Archana Bhargava, executive director of Canara Bank told the press that an announcement confirming that the state likely… Read More »
A recent press report said that private sector lender Federal Bank has set plans to expand its business in the coming 2 years span. The lender has planned to increase its branch count by 245. Reports said that with the new addition, the total branch count of the bank would sum up to 755. Mr.… Read More »
A recent press report said that private sector lender Federal Bank has planned to make its entry into the credit card business of India in order to expand its reach and presence in the Indian banking domain. The bank has planned only to market the cards while the backend mechanism of the card would be… Read More »
Debt has become one of the most dreaded words in recent times. One consequence of the deepest recession since the depression is the build-up of public debt.
As per a recent press report it is seen that decelerating credit demand, increased provision for bad debts and low margins due to tight monetary policies are likely to affect the bank profits of September quarter to fall. The weakening investment environment has caused serious impact in credit growth and reports said that this movement… Read More »