Nov 03, 2011
Banks observes the business of loans and deposits fall down in last month. The latest data released by the Reserve Bank of India shows banks lent an aggregate of Rs 40,81,598 cr to corporates and individuals as on October 21,
Nov 03, 2011
The country's largest lender State Bank of India (SBI) said the Finance Ministry has given an assurance that the bank would be adequately capitalised by March 2012, but it has not yet decided on the route it will take for the same.
Nov 02, 2011
The State Bank of India Chairman, Mr Pratip Chaudhuri, on Tuesday ruled out any immediate increase in its savings bank account rate, saying that the largest Indian bank is confident of the people’s continuing trust in the various facilities being
Nov 02, 2011
The responsibility of the repayment goes on to the co-borrower or the family members of the deceased borrower. In a normal situation, if the borrower was insured the family could use the claim proceeds to settle the loan.
Nov 02, 2011
Despite high interest rates, rising disposable incomes and affordability is leading to high growth in personal loans. According to the sectoral data on bank credit as on September 23, released by the Reserve Bank of India (RBI),
Nov 01, 2011
"Though the high rates are expected to create a buzz, move only if, in addition to the higher rates, the bank is offering a variety of service features at no or low costs," says Arvind Hali, head, retail assets, Dhanlaxmi Bank.
Nov 01, 2011
ICICI Bank Ltd., India's largest private-sector lender by assets, Monday exceeded market expectations with a 22% jump in second-quarter standalone net profit as its loan portfolio grew and it benefited from a sharp decline in provisions.
Nov 01, 2011
LIC HFL has been conferred a prestigious “Best Housing Finance Company” during CNBC Consumer Award 2010 for its transparency and innovative products.
Oct 31, 2011
Home loans rates in India have risen 12-13 times in last two years. This has been done by policy followed by Rbi to ensure Inflation comes down. Rbi doesn't directly increase rates but with policy matters ensures
Oct 31, 2011
The Union cabinet today approved a 1 per cent interest subsidy on new home loans up to Rs 15 lakh if the cost of the house does not exceed Rs 25 lakh.