Nov 12, 2010
Car sales hit a record monthly high in October, industry data showed Wednesday, as festive demand, the launch of new models and cheap car loans saw consumers flocking to showrooms.
Nov 12, 2010
The country's largest bank, State Bank of India is still positive about the ‘teaser' home loan products despite the Reserve Bank of India's norms on additional provisioning for such products.
Nov 12, 2010
Home hunters are in a spot. While real estate prices are not showing any signs of easing (in fact, they have started hardening again), the Reserve bank of India (RBI) has chosen to tighten a few norms for home loans, adding to borrowers’ woes.
Nov 11, 2010
The country’s largest lender, State Bank of India (SBI), is set to raise $2 billion, including 500 million euros from overseas market, in tranches by the end of this financial year.
Nov 11, 2010
It is general facts that any borrow may result in a debt trap. But this is not always true. A loan which leads to the creation of an asset is not bad, provided the quantum of loan should be within the repaying capacity of the person.
Nov 10, 2010
Yatra.com, online travel company today announced entering into a strategic alliance with HDFC Bank, one of India`s premier banks, to provide exclusive benefits to HDFC Bank customers. The move is to increase
Nov 10, 2010
Borrowers from housing finance companies such as HDFC, LIC Housing Finance and Dewan Housing may not have to pay pre-payment charges if they make the payments out of their own source of funds.
Nov 09, 2010
The Reserve Bank of India on Monday said that home loan disbursals raised by 20 % to Rs 3.15 lac crore in 2009-10 compared to the year-ago period, primarily helped by lower interest rate.
Nov 09, 2010
Banks are losing their battle for penalty on home loan pre-payments as the Reserve Bank of India sees no case for such a levy given that lenders don’t play a fair game with borrowers.
Nov 08, 2010
In a move that will create a new business opportunity for India’s largest insurer, the Life Insurance Corporation of India’s card division has received permission to issue pre-paid cards into which policy benefits will be credited.