hardeepsaini

Is your home loan EMI rising?

Base rate system The base rate was introduced by the RBI to replace the opaque and ineffective Benchmark Prime Lending Rate (BPLR). Under the previous system, banks were expected to lend above their BPLR, which was based on their true cost of funds. Howev... Read >

Shut the door on fixed-rate loan option

In the past two month, many lenders like ICICI Bank, HDFC, India Infoline Investment Services and LIC Housing Finance have launched fixed-cum-floating-rate housing loans. Axis Bank, on the other hand, has surprised many with its latest offering, Nishch... Read >

SBI eyes higher home loan disbursal

State Bank of India has set a target of about Rs 3,200 crore in home loan disbursals in Tamil Nadu and Pondicherry, representing a 30-per cent growth in home loan portfolio of about Rs 10,500 crore in the region. Last year the bank disbursed over Rs 2,000... Read >

Dual rate loans from ICICI Bank

If you are looking to buy a house, but are worried about the spiralling interest rates, ICICI Bank’s recently announced teaser home loans may help. After a two-year hiatus, ICICI Bank has come up with teaser home loans again. The scheme will allow you ... Read >

RBI won't open licence floodgates

Several corporates aspiring for banking licences may end up being disappointed with the Reserve Bank of India's licencing policy. As against the hopefuls who run into several dozens, the central bank is likely to grant licences to only a handful that it f... Read >

RBI Likely to Give 4 Private Banking Licences Initially

India's central bank is likely to initially issue four new banking licences as part of a push to include more of the country's population in the formal banking system, two people familiar with the matter said Thursday. But, in a setback for several hopefu... Read >

HSBC, Barclays on a cost-cutting

In a departure from roaring growth and profit numbers posted last year, two leading British lenders in the country, HSBC and Barclays, are on a cost-cutting spree, involving some retrenchments as they realign their operations. While HSBC, which had record... Read >

Muthoot Finance to offer loans against gold ETF units

Muthoot Finance Ltd, which claims to be the largest gold finance NBFC in India, today said it will now offer loans against Gold ETF ( Exchange Traded Funds ) units as security. Launching the service, Muthoot Finance Ltd Managing Director George Alexander ... Read >

SBI offers on Credit Cards and Debit cards

With various restaurants across major cities in India, SBI Card has tied up with them to come up with discounts and offers on many of them and available exclusively for the SBI Credit Card users. These offers are available in Delhi-NCR, Chennai, Mumbai, ... Read >

Highest NPAs in minimum home loan bracket

High inflation and the sharp rise in interest rates by banks after the Reserve Bank of India's (RBI) monetary tightening has taken a toll on small borrowers’ ability to repay loans. According to recent finance ministry data that captures the performance o... Read >