India Loans News

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

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

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

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

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,"

The NBFC sector has been under pressure due to rising cost of funds, which have gone up for mainly and that is one of the reasons stocks have been under pressure. In past year, major NBFCs have cracked 40-50 % under pressure.

The most common problem among investors is poor management of liquidity. By its very nature, it is not easy to estimate the need for liquidity.

Peoples of kolkata found sharp rise in property value. Mr. Akash sold his flat at Rs.34 Lac, he paid only 18 lac in 2009 for that flat. Some peoples like retired persons dreams was shattered because hike in property values.

RBI makes pricing of corporate loans transparent. RBI said banks should be changing the method of premiums that banks use effectively for hiking lending rates.

Canara Bank will organize a one-day Home Loan and Auto Loan Utsav in association with Radio Mirchi at Loyola Hall, St. Aloysius Pre University College, K S Rao Road on Sunday November 20 from 10 am to 7 pm.

"We may rope in a consultant for our proposed foray into banking business, if that is required. This will happen after the final guidelines on banking license is out by RBI,"

Banks now forward towards mass marketing and catering to create premium segments. Some banks in Consolidation phase, they assumed a marginal hike in credit card India base in FY 2011-12.

State bank of india assumed a sharpest growth in loans of real Estate Sector. But rapid growth in real estate sector increase volumes of bad loans for SBI. SBI’s gross non-performing assets, or NPAs, grew to 4.19% of total assets,

I know a bank account holder gets insurance of Rs 1 lakh for the money in the account. Can one take additional insurance for this?

Bajaj Finance Ltd managed to retain credit ratings because of high capital sufficiency, promoter supports and asset liability management. The capital adequancy ration of company is 20%.

HDFC Beats SBI in Market Capitalisation. But if we look at balance sheet of both banks, then SBI is five times bigger than HDFC Bank.

India Largest Auto Maker, Tata Motors Ltd. Net profit for second quarter fell sharply by 16%, prices of raw materials hikes because of inflation. Company founds slow pace in passenger’s car sales segment.

RBI found unequal rise in loans and real estate sector, Infrastructure sector. Banks provides lending to NBFC’s at high mass.

LIC housing finance applied for new banking license. LICHF appoints two four members committees for the preparations for banking foray. LICHF responded to the RBI against the draft guideline to float a new generation bank.

Net profit of lic housing finance drops directly 58% in last quarter of 2011. In last year 2nd quarter company shows a profit of 234 cr compare to the 98 cr of this year.

Interest Rates of home loans hike from last year regularly or after a period of 2-3 months. Home loan borrowers worried to take loans. In last 1.5 years floating rates goes up by 2.5 -3.5 percent.

In September, Credit Card transactions up by 31.5 %. Figure of credit card transaction stood at 7693.81Crore. In Last month almost 4.3% of credit card applications declined.

State Bank of India is largest lender in Loans Industry. In last quarter SBI net profit rises up to 12.36%. It shocked all the industry when SBI posted these results online. On 9th to 11th of November 2011, SBI Pradip Chawdhari held a meet.

HDFC is Second largest lender in home loans market. But Now HDFC believes that Education market is growing with rapid speed. HDFC comes in Education Segment in coming days with a totally new setup to increase the mass of HDFC.

From, Last 1.5 year’s home loan interest goes hiked after some intervals. In coming days, the interest will start going down. Banks reduces their housing loan rates at different times.

The credit growth picture does not look rosy for the banking sector. For the State Bank of India (SBI), it looks worse. Data from the Reserve Bank of India (RBI) show average credit growth in the July-September quarter was 20%.

According to the Society of Indian Automobile Manufacturers, domestic car sales went down to 1,38,521 units in the month under review from 1,81,704 units sold in the like period of last year.

State Bank of India (SBI), the country's largest lender, reported a net profit of Rs 2,810 crore for the quarter ended September 30, a 12 % rise compared with the Rs 2,501-crore net profit in the year-ago period.

you have money stashed for future, now perhaps is the time to air it. Especially if your treasure is not giving good returns or bonuses. You should prepay if you can. Several banks allow a home loan borrower to partially prepay up to a

Our home loan EMIs are unaffordable not because interest rates have suddenly gone up (they have, but that’s not the main reason), but because the properties we bought were bought at inflated prices.

Now all these trips come with huge spends. Any trip for 3-5 days for 2 outside India cost at least 50000 for travel and hotels. The cost go to any limits if you opt for exotic places and then comes how to fund these trips.

With the steep rise in interest rate and tight liquidity, real estate companies across the country are facing an inventory overhang. Data from the Reserve Bank of India (RBI) suggest that mortgage additions in key metros have been stagnant since 2007

LIC Housing Finance sanctioned over Rs 100 crore toward home loans during a three-day property exhibition that concluded in the city today, a senior company official said.

GE Capital Services India said it will extend its presence in equipment and auto leasing business in India. It is now present in credit cards, corporate lending, energy services and private equity.

The continuously slowing down demand and rising inventory has forced the car makers in the country to offer lucrative discounts on cars to attract buyers towards their showrooms.

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,

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.