Home construction loans are used to finance for the construction of newly acquired home or if you are planning to build a home. But, with so many home construction loans available in the Indian market you should decide the best one that would suit you the most and is favorable to you.
In order to procure a protected financial future, it is very important for you to start saving and start that early. If you are an individual who is browsing through the investment avenues and have opted for Mutual Funds then you have made a very good decision. Opting the Systematic Investment Plan (SIP) is the… Read More »
An integral part of financial planning is the regular and periodic evaluation of your investments. This is a golden rule which must be followed by investors at all times, irrespective of whether an investor invests in mutual funds, debt instruments, equities, commodities, or a combination of all these categories. If this is not done, then… Read More »
According to a recent press report, the Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh on The Baroda Traders Co-operative Bank Limited, Vadodara, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to… Read More »
A recent press report said that IDBI Bank has introduced a dual rate scheme according to which a home loan borrower will enjoy fixed rate of interest for the first two years and later switch over to floating rate. The bank has also reduced the floating home loan rates by 25 – 50 basis points… Read More »
The Mumbai District Central Co-operative Bank Limited is a central financing agency of all affiliated co-operative societies in Mumbai district, which is popularly known as “MUMBAI BANK” and is registered under MCS Act in the year 1974 and had started its functioning on 12th Feb.1975. Mumbai bank is involved in facilitating to the financial needs… Read More »
A recent press report said that Downplaying Moody’s decision to downgrade rating of State Bank of India is not going to fast-track recapitalization of the PSU bank. Reports said that State Bank of India (SBI) had submitted the proposal a couple of months back to raise Rs 20,000 crore through the rights issue. The bank… Read More »
According to a recent press report SBI has increased the lending rates by 25 basis points and deposit rate by 100 basis points. It has a positive impact on savings because the returns are high, but the home loan and auto loans interest rates have gone higher. The bank’s current deposit interest rate is 9.50… Read More »
A recent press report said that the country’s largest housing finance company HDFC has reported a net profit of Rs 971crore for the quarter ended September 2011, an increase of 20% compared to the corresponding period last year. The company has recorded a sound loan growth with advances growing 20% after factoring in loan sales.… Read More »
A recent press report said that HDFC Bank has recorded a profit of 31.5% which is mainly due to its strong business growth. Reports said that in spite of the growth in the bank’s net interest income and fee income by 16.6 per cent and 15.6 per cent respectively, profit growth was supported by a… Read More »