A recent press report said that dual rate home loans are once again capturing a space in the loan portfolio of some of the big lenders in the country. Lenders like ICICI Bank and HDFC as well as LIC housing finance have already introduced these fixed cum floating rate schemes in the home loan segment… Read More »
A recent press report said that National Housing Bank (NHB) has announced that it will come up with directives regarding prepayment of home loans by borrowers. Banks do not charge prepayment penalty if the borrower prepays the loan from his own funds. The borrower will have to pay prepayment charges if he prepays the loan… Read More »
A recent press report said that public sector lender Vijaya Bank had organized a home loan in order to benefit its customer base in getting home loans. Reports said that the carnival termed as ‘Home Utsav 2011’ also came as an event meant to mark the 80th anniversary of the south based lender. The event… Read More »
A recent press report has said that The Housing Development Finance Corp (HDFC) has upsized its issue to Rs 1,000 crore, which is twice its initial size, as it received strong investor demand. Sources from HDFC have said that the company is looking at a very good demand from corporates, insurance companies and foreign institutional… Read More »
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 banks have offered discounts on home loans for the festival season in the country. The special offers announced by the banks include dual rate scheme, Discount on processing fee, Concessions on loan, Progressive monthly installment scheme, fixed rate scheme etc. As per the dual rate scheme, the interest rate… Read More »
A recent press report said that Bank of India (New Zealand), a wholly-owned subsidiary of Bank of India was launched in New Zealand. The subsidiary was inaugurated by Dr. Alan Bollard, Governor, Reserve Bank of New Zealand. Mr. Alok Misra, Chairman and Managing Director of the bank said that the bank has planned to offer… Read More »
A recent press report said that the most banks have set up thorough systems, including reports from credit information bureaus in order to determine the repayment capacity of a borrower. The system has been set up due to the solid rise in bad loans during the last few months. Reports said that borrowers with a… Read More »
A recent press report said that South Indian Bank would be the title sponsors for the fifth edition of the Grand Kerala Shopping Festival (GKSF). Reports said that the talks are on to finalize co-sponsors for the annual trade and commerce jamboree being organised by the Department of Tourism, Kerala. An official from the bank… Read More »
A recent press report said Mr. Deepak Parekh, Chairman, HDFC has disagreed with the present regulatory thinking on allowing complete waiver of prepayment charges. He said that serious problems may arise if there is complete waiver of all prepayment charges. Reports said that the Reserve Bank of India (RBI) had recently floated a proposal that… Read More »