Over the last four to five weeks, many banks have revised their home loan interest rates, in-sync with the prevailing repo rate of 4%. The lower range of interest rate on home loans offered … READ FULL STORY
On February 7, 2019, the Reserve Bank of India (RBI) announced a cut in the repo rate by 25 basis points, during its bi-monthly monetary policy meet. With this, the repo rate now stands … READ FULL STORY
With the financial year entering the last quarter and the start of the new calendar year, the focus is back on the fiscal deficit, liquidity issue with financial institutions and NPA woes. In a … READ FULL STORY
While economic indicators were signalling an upward trend in the interest rates up to a few weeks ago, the Reserve Bank of India (RBI) chose to maintain a status quo on key policy rates, … READ FULL STORY
Home loan interest rates are gradually escalating across banks. In the last monetary policy meet, on October 5, 2018, the RBI had maintained a status quo on key rates but indicated that it might … READ FULL STORY
The Enforcement Directorate (ED), on October 17, 2018, seized assets worth over Rs 218 crores, including diamonds and flats abroad, in the nearly Rs 13,000-crore loan fraud case probe, the agency said. It said … READ FULL STORY
State-run Punjab National Bank (PNB) and Carlyle Group, which owns over 32 per cent in PNB Housing Finance, have announced that they have appointed merchant bankers, to sell at least 51 per cent stake … READ FULL STORY
Days ahead of the Reserve Bank of India’s (RBI’s) monetary policy review, SBI, PNB and ICICI Bank, on June 1, 2018, increased their benchmark lending rates or the marginal cost of funds-based lending rate … READ FULL STORY
Farmers in Ahmednagar district of Maharashtra, on March 17, 2018, claimed that fugitive jeweller Nirav Modi, the prime accused in the alleged Rs 11,400-crore Punjab National Bank fraud, had acquired their lands at less … READ FULL STORY
The Income Tax (I-T) Department has provisionally attached four immovable assets of diamantaire Nirav Modi, including a farm house in Alibaug, near Mumbai, valued at Rs 13 crores, a 5.24 MW solar power plant … READ FULL STORY
Taking a cue from State Bank of India, other lenders including India’s largest private sector lender ICICI Bank and state-owned Oriental Bank of Commerce and Andhra Bank, have announced cuts in their marginal cost … READ FULL STORY
