India Banking News

You don’t need to provide documents and collateral for to up loans. The tenure of a top up loan can be as long as the outstanding tenure of the home loan. This will help you to reduce your overall cash outflow.

The rapidity of expansion in home loans is on the decline after for a short time gaining momentum in mid-2011. High interest rates on housing loans are indeed larceny home buyers, forcing them to postpone investment decisions.

ICICI Bank and American Express launched a platinum credit card christened as Rubyx in partnership, a company engaged in the credit card and travel services and MasterCard, the payment gateway provider.

Everyone has their own reason for refinancing, but usually to save money or take cash out. Refinancing your home loans can be an excellent way to manage your debt load, reduce stress and save yourself a lot of money.

At a time when interest rates on home loans are hovering around 11-14 per cent, realty firm BPTP has ties-up with HDFC to finance new purchases of houses at just 5.99 per cent for a limited period till December 31.

Most of the major banks discontinuing prepayment charges on floating rate loans, including those refinance , banks say that floating rates will now indeed float.

We were apprehensive, but it hasn't come down as much as we had thought. The loan growth for housing finance companies was 18percent in the first quarter, as opposed to 19percent in the corresponding quarter last year.

Personal loan come in range of 14-28% and most consumers confuse what will get them loan at the lowest rate. So lets tell you how does bank define such pricing which is in such a bring range.

By 2016 the global money remittance market is expected to grow at CAGR 6.44% (2011-2016) reflecting a slow growth compared to CAGR 8.04% in 2006-2011.

In 2010, value of total banknotes in circulation grew at a rate 4.13% from previous year. Euro coins in circulation has increased by 6.20%

Deal4loans.com the online portal under the company Wrs Info has touched loan disbursals of 175 crs of loans through its network of Banks in the month of Nov. From last year they have grown from 100 crs to 175 crs.

Major loan providers for homes like State bank of India, ICICI bank, Axis bank waived off prepayments charges or penalties on home loans. Housing finance companies not charges pre payment penalties on floating rate loans.

“In deference to the Reserve Bank of India’s suggestions, the bank has decided to waive penalty on pre-payment of all floating rate housing loans irrespective of the source of funds of the borrowers,” Central Bank of India said in a statement.

LIC Housing Finance Ltd will roll out a completely fixed interest rate home loan product next month, according to Mr V. K. Sharma, the company's Director and Chief Executive.

Godrej Properties Ltd, the real estate development arm of the Godrej Group and ICICI Bank, India‟s largest private sector bank, signed a Memorandum of Understanding (MOU) on extending their projects and financial services to customers in

The third largest private lender Axis Bank today said it is working towards taking its retail loan-book to 30 per cent of the total assets over the next three to four years, as it sees the retail loan segment as a large market.

The unyielding attack on interest rates in a bid to rein in runaway prices is elastic results: the demand for vehicle loans has come down. The growth rate of Car loan volumes have almost halved so far in 2011-12 compared to

Fixed-rate home loans are the flavour of the season. Last week, HSBC India launched a fixed-rate home loan and loan against property product. Prior to this, Axis Bank home loan had launched in October 2011.

Customers must spot lapses before credit bureau, bank can take corrective steps. For customers who want to know their individual credit rating scores, buying a credit information bureau’s (CIB) report will take just a few minutes.

Axis Bank, India’s third largest private sector bank is looking to grow its retail lending to 30% of its total lending in next three years with a focus on home loans, car loans and cards business in smaller cities.

Reliance Commercial Finance, a unit of Anil Ambani-led Reliance Group, aims to completely come out of the unsecured lending business by the end of the current financial year to improve asset quality and profitability.

Axis Bank, the third largest private sector lender, is in the midst of a makeover. From being known as a corporate bank with a focus on infrastructure financing, the bank wants to step up its retail lending operations.

Bharatbook added a new report on " Credit Cards in the Philippines " which gives an overview, Demand, Supply Trends and industry analysis reports.

Bharatbook added a new report on " ATM Cards in the Philippines " which gives an overview, Demand, Supply Trends and industry analysis reports.

LIC Housing Finance, India's fourth-largest mortgage lender, for one, is working out a new floating rate product with an initial interest rate of 10.4% for loans up to Rs30 lakh, to be launched in January, and will discontinue its fixed-cum

YES Bank has been a strong proponent of deregulation of savings rate for over a year. The Reserve Bank of India's move will be a game changer for YES Bank, the banking industry and, most definitely, the savers.

Housing Development Finance Corporation (HDFC) has said slowing economy and rise in interest rates are unlikely to dampen the appetite for home loans in the country.

The Reserve Bank of India (RBI) has hiked interest rates 12 times in the past 20 months effectively increasing the rates by 3.75 percentage points. This leaves no option for banks but to pass on the rate hike to customers. Home-loan rates

RBI had asked banks to cut pre-payment penalties. NHB had says to housing finance companies (HFCs) to cut pre-payment penalties earlier in October. While all HFCs have complied with the guidelines, most banks are reluctant to do so.

The new rate is available for one to five years for home loan and five years for loan against property, with applicable rate beginning at 11.25 % for one-year tenor to 11.75 % for a five-year home loan.

HDFC Bank has launched premium credit cards exclusively for women, Bank Expects to add 4 million credit card customers in the next 2 years.

Prepayment penalty on home loans waived off by home loan lenders. Though prompted by regulatory persuasion and directives, some leading banks are using the abolition of prepayment charges to entice home loan borrowers

Indian automobile Bazaar is facing a spiky slowdown in sales growth as compared to growth registered in last few years, the luxury car segment seems to remain unaffected by the slowdown.

Never access your account at a cyber cafe or a shared computer as you can never be sure how you are being monitored, or what spy software might be installed on those machines. Instead, always use your home computer for security reasons

Hexaware enters into a Strategic Partnership with Banking BI specialist to augment service offerings

Axis Bank is "closely examine" its exposure to infrastructure projects, Indian banks who have turned cautious amid a slowdown in the sector.

Banks and credit card issuers such as American Express and ICICI Bank which have co-branded cards for its valued customers with Kingfisher, are busy drawing up back-up plans for and offering alternative value propositions.

NHB –National Housing bank a wholly owned subsidiary of The Reserve bank of India and a regulator for all housing finance companies has announced that no HFC shall be allowed to charge prepayment penalty on home loans.

State Bank of India revised upwards interest rates on FCNR-B and NRE rupee deposits in foreign currencies by up to 1 percent.

Domestic inflation and the depreciation of the rupee are likely to keep interest rates high for a while, Chanda Kochhar, managing director and CEO, ICICI Bank.

State Bank of India (SBI), has cut off pre-payment charges on home loans, giving some succour to borrowers who want to foreclose their accounts.

CIBIL TransUnion score can be obtained online by making a payment via a credit/debit card or netbanking account, and authenticating by answering 5 questions about ones loans or credit cards,

ICICI Bank looking to buy loan portfolio's of European banks. "The opportunity to pick up some good assets at good pricing clearly exists. So, that's what we are looking at all the time and exercising it whenever we see the right opportunity,".

SBI has decided to waive Pre-payment charges on home loans to both Floating and Fixed rates, for old and new home loan customers. With this decision, SBI is the only bank which does not charge any fee from pre payment their home loans

India rupee declined to its all time low level of rs. 14.35 Against the Dirham. The local unit plunged to 52.50 against the greenback as foreign exchange markets opened, causing further problems for the RBI as it tries to

Solution integrates easily into existing IT infrastructures for complete information security

Citigroup is trying to turn after the financial crisis by focusing on emerging markets, where economies are still growing relatively quickly.

Rich Indian of Arab Countries are transferring huge volumes of money to homes in India. NRIs are line up for personal loans, cash advance through credit cards and salary advance to send huge amounts back home so that they can collect high profits.

Car makers expecting the sales in October, Festive season for recover the car sales, but car makers came as a real surprise in festive season. Sales fall upto 23.8% in October 2011, earlier biggest fall registered in December 2010.

"On most occasions, the accused are amateurs, who feel they will not be traced if they send threatening emails or post obscene content using a different email id or from another computer. However, it does not take time to track them down,"