According to a recent research report from Crisil the rising interest rates are likely to push up the equated monthly installments (EMIs) of home loan borrowers by Rs 6,000 crore annually. Reports said that the higher EMIs and a slowdown in economic growth will cause in the rise of non-performing assets (NPAs) of financiers. It… Read More »
According to latest data released by the Reserve Bank of India, banks advances in the sectors like non-banking financial companies (NBFCs), industry, personal loans and services have remained healthy in the month of August. Reports said that the credit off-take in the services sector, led by a 55 per cent growth in advances in the… Read More »
A recent press report said that Oriental Bank of Commerce has announced attractive festival offer of home loans and vehicle loans at a discounted interest rates. As festival offer the bank offers home loans at an interest rate with 0.5 per cent concession and the rate of interest (ROI) for home loans up to… Read More »
According to a recent press release Bank of Baroda, a public sector bank has offered special home loans and car loans as festival offer. The home loans according to this offer would be given within six days of application and similarly, car loans would be offered within two days period. The home loans provided under… Read More »
According to a recent report the RBI has increased the amount that the exporters can receive through service providers. The RBI offered the enhancement of amount that can be received as export remittances through Online Payment Gateway Service Providers (OPGSPs) from $500 to $3000. The Central Bank has permitted the banks dealing with foreign exchange… Read More »
A recent press report said that HSBC Bank Middle East Limited (HSBC) had sponsored the second Oman Capital Markets Forum. Reports said that the two-day event was prearranged by Oman International Trade and Exhibitions (CITE) in association with Muscat Securities Market and the Capital Markets Authority of Oman. Reports also said that HSBC has offered… Read More »
A recent press report said that the Department of Industrial Policy and Promotion has said that the strategy used by the RBI’s to control inflation is wrong. Reports said that the industry department has suggested an alternative to the central bank to control inflation. Reports said that the central bank has raised its policy rates… Read More »
A recent press report said that the plan of setting up automated teller machines (ATMs) by India Post was not allowed by the Reserve Bank India. As per norms of RBI only banks are allowed to set up ATMs and this made RBI to oppose the ATM set up plans proposed by India Post. According… Read More »
A recent press report stated that the US mortgage bankers who attended a conference in Chicago have encountered the anger of the consumer on account of the poor financial system that caused protest rallies throughout the country. In the Mortgage Bankers’ Association’s annual conference in Chicago, the attendees of felt that their industry was being… Read More »
A recent press report from SBI said that the unappealing returns and moderation in growth has made the bank to postpone the plans of raising funds overseas. The country’s largest lender had planned to raise funds amounting to $1 billion by means of medium-term notes. But, it has been deferred on account of lack in… Read More »