June 4, 2024: Punjab National Bank (PNB), a public sector bank, and India Infrastructure Finance Company Ltd (IIFCL), a state-owned entity, on June 3, 2024, signed a Memorandum of Understanding (MoU) to provide long-term … READ FULL STORY
May 19,2023: PNB Housing Finance (PNBHF) reported a consolidated net profit of Rs 279 crore in Q4 FY23, registering a growth of 65% YoY as compared to Q4 FY22. The company’s net-interest income for … READ FULL STORY
Landlords can increase the rent under the provisions of the existing rental laws only if the rent agreement is registered, the Karnataka High Court (HC) has ruled. In case the tenancy period is more … READ FULL STORY
Amid the Reserve Bank of India increasing the repo rate, home loans in India have become more expensive in 2023. While nearly all banks have implemented this rate hike in their home loan interest, … READ FULL STORY
Public lender Punjab National Bank (PNB) has increased its repo rate-linked home loan interest rate to 7.90% from the previous 7.40%, with effect from August 8, 2022. The announcement by the New-Delhi-based lender was … READ FULL STORY
The festive season in 2021 has provided a boost to the realty sector, with reports of a significant surge in demand during the period. One of reasons, has been the reduction in interest rates … READ FULL STORY
Maharashtra Chief Minister Devendra Fadnavis on September 12, 2019 announced that MSRDC has achieved a financial closure of Rs 28,000 crore for the 701 km Mumbai-Nagpur Samruddhi Corridor. For the Rs 55,447 crore project, … READ FULL STORY
Finance minister Piyush Goyal, on January 28, 2019, exhorted state-run banks to step up lending to micro, small and medium enterprises, agriculture and housing sectors and also assured these lenders of all kinds of … 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
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
For many, the decision to buy a home, depends on whether one is able to get a home loan on time, or not. Most housing finance companies ask the borrower to pay 10-20 per … READ FULL STORY
