Union Bank of India foresees an increase in non-performing assets (NPA) in the forthcoming quarters. In fact, the bank has already seen slippages due to its restructured loans. The bank’s chairman and managing director MV Nair said that till December, the bank has seen a 5% reduction in the restructured loan portfolio worth Rs 4,700-crore.… Read More »
On Monday, ICICI Bank Managing Director and CEO Chanda Kochhar claimed the bank’s 3rd quarter performance was “very positive”. She said the bank has come out stronger on all factors and has shown an operating profit of 22% after deducting treasury income.
Saving on the net interest is the significant advantage of prepaying the home loan, other than the fact that you will retain the complete ownership of the house earlier than planned. The longer the loan tenure, the more the interest repaid, hence its best to repay your home loan in the shortest loan tenure possible,… Read More »
State Bank of India (SBI) today introduced a new product called ‘SBI Gift Card’ in Hyderabad. The gift card was formally introduced by the mayor of Hyderabad city, B Karthika Reddy. The function was attended by the bank’s Chief General Manager for AP region Shiv Kumar.
Standard Chartered Bank, a leading Singapore-based bank predicts India will play a leading role in the technological aspect and introducing new products. It is also ready to work with smaller IT companies in order to offer economical services to its customers.
During the year 2009, Indian investors ended up lapping the largest chunk real estate sales in Dubai. This was discovered in a new study conducted by FutureBrand’s Gulf Real Estate Study.
Tata Capital, the financial services sector of the Tata Group, intends to end fund-raising for its US $350-400 million private equity fund during the following 6 months. This was stated by a senior official of the company.
On Tuesday, NTPC stated it has fixed the bottom price at Rs 201 per share for its follow-on-public offer, opening on Wednesday.
With the dawn of new year, leading car makers like Suzuki, Hyundai Motors, Tata Motors, Mahindra & Mahindra, General Motors and also Fiat have recorded their highest monthly sales since their commencement. Sale of different types of cars went up by 33% to 175,526 units in January as compared to 131,636 units sold in January… Read More »
Banks are worried about the competition commission’s interference on homeloan prepayment penalty subject as they are worried that it would force their costs, hike risk and also increase the lending rates.