A recent press report said that Housing loans have not witnessed any slowdown in demand. Mr. .Deepak Parekh, Chairman, Housing Development Finance Corporation (HDFC) has also told the press that the housing loan have not faced any slow down in demand in spite of the increase in interest rates. He also said that the hike… Read More »
A recent press report said that Housing Development Finance Corporation Ltd (HDFC) has reported a healthy growth in loans to individuals and corporates and has recorded 22 per cent increase in its net profit in the April-June 2011 quarter. HDFC has posted a net profit of Rs 1,176 crore against Rs 967 crore in the… Read More »
A recent press report said that State Bank of Travancore (SBT) has revised interest rates for domestic and NRO term deposits. In addition to that the bank has also updated the schedule by merging ‘time buckets’ of above one year and announced new rates. According to reports the new schedule comprises of four such buckets… Read More »
According to a recent press report, the central bank of the country, the RBI, has announced that for each branch proposed to be opened in Tier 3 to Tier 6 centres of under-banked districts of under-banked States, a bank will get authorization to open a branch in a Tier 1 or Tier 2 centre. The… Read More »
A recent press report said that Union Bank of India has planned to set up call centers that will focus on following up with borrowers who have fallen behind on their loan repayment. The bank offers home loans, personal loan, car loan, educational loan etc. Reports said that the bank has planned to bring down… Read More »
According to a recent press release banks have lent Rs 147,667.36 crore in the first quarter of FY12 and gathered together almost double the amount in deposits at Rs 283,978.92 crore during the same period. The reports from the Reserve Bank of India said that the total bank credit stood at Rs 4,086,326 crore as… Read More »
A recent press report said that J&K Bank has signed a memorandum of understanding with Bengal Tools (BTL), part of the Kolkata based Shrachi group engaged in the manufacture of power tillers, reapers and power weeders, to boost farm mechanization. In his address, J&K Bank president Tafazal Hussain described the pact as a step towards… Read More »
A recent press report said that banks are losing trading interest in certificates of deposits because the liquidity position of the banks has started improving. In addition to this the RBI has also extended the deadline for banks to keep their investments below 10% in debt-oriented mutual funds which has further reduced the redemption pressure… Read More »
A recent press report said that Allahabad Bank has issued a cheque for about Rs 166 crore to the Finance Minister, Mr Pranab Mukherjee. The cheque was handed over by the bank’s Chairman and Managing Director, Mr J. P. Dua, and Executive Director, Mr. D. Sarkar. The Central Government holds 58 per cent stake in… Read More »
Shekar had just shifted to Pune and met his long lost friend Manish at the local café. While discussing their personal life, Shekar asked Manish about his house rent. Manish said he was paying Rs 16500/- for a two BHK flat just on the edge of the city.