According to a recent press report the revised education loan scheme implemented on all banks will make disbursal based on the repayment potential of the borrower. The education loans are not going to be offered based on the parental income or family wealth of the borrower which will be the decisive factor. Reports said that… 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 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 the RBI has asked banks to implement various safety measures related to credit card and debit card usage over a period of next two years in order to minimize fraud cases and ensure security of transactions. Reports said that the RBI has asked banks to strengthen the existing payment… Read More »
A recent press report said that ICICI Bank has lowered the pace of deposit growth from foreign markets. It has decided to focus on growth of deposits from local grounds. Ms. Chanda Kochhar CEO and MD of the bank said that the bank is hardly growing retail deposits in these markets. She said that the… Read More »
Most investors hang on to only a few catchy phrases when it comes to portfolio building and growth in their investments. One such phrase is diversification. By diversification, we mean that, when an individual’s funds are invested in limited number of funds but which are aggressive in nature. Although this is the basis on which… Read More »
A recent press report said that RBI has constituted a 9-member panel to look into various issues related to priority sector lending, including review of loan limits under the segment. Reports said that the committee will be headed by Mr. M V Nair, Chairman and Managing Director, Union Bank of India and that the panel… Read More »
A recent press report said that the loan requirements of large corporates are growing faster than the ability of large banks to raise capital. Corporates including Reliance Industries, HDFC, Bhel and Indian Oil, are hitting the credit limits of various banks. Reports said that banks lending to individual entities are limited by single borrower exposure… Read More »
Edelweiss Housing Finance Ltd is likely to introduce a home loan without having to liquidate your lifetime savings for the down payment. According to reports, if a person wants to buy a property worth Rs one crore, then instead of liquidating your investments to make the down payment of Rs 20 lakh you can give… Read More »
A recent press report said that State Bank of India (SBI) has extended 25 basis point concessional home loan schemes till December this year. Reports said that as per the scheme, SBI offers 25 bps discounts on interest rates on its card rate across the tenor of a floating home loan. The scheme was open… Read More »