Home loan interest rates have remained muted in the past one month. In spite of a spike in the number of COVID-19 cases in India, economic activity has slowly started gathering momentum, once again. … READ FULL STORY
As compared to the western markets, where mortgage guarantee products are quite popular, their performance has not been as impressive in India. One could easily attribute the lack of awareness and cost escalations, as … READ FULL STORY
The CBI has booked Yes Bank co-founder Rana Kapoor, DoIT Urban Ventures, a company allegedly held by his family members and DHFL promoter-director Kapil Wadhawan, for alleged criminal conspiracy, cheating and corruption, sources said … READ FULL STORY
The real estate sector is one of the crucial pillars of India’s economy and the government has recognised this, by offering various schemes, including a bailout package, to get the segment out of a … READ FULL STORY
The largest bank of the country, State Bank of India (SBI) has announced a scheme to provide relief to its customers, in the form of a guarantee for the timely completion of the project … READ FULL STORY
People generally take home loans, either for the purchase of a ready-to-move-in house or for booking an under-construction property. However, people can also avail of home loans to get their house constructed – either … READ FULL STORY
The Madras High Court, on October 4, 2019, refused to quash a money laundering case filed by the Enforcement Directorate (ED), against real estate firm VGN Developers Private Limited, related to the purchase of … 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
Housing Finance Companies (HFCs) are entities set up under a license by the National Housing Board (NHB), to provide home loans as per the NHB’s guidelines. On the other hand, banks are regulated by … READ FULL STORY
After repeated nudging by the Reserve Bank of India (RBI), the nation’s largest lender State Bank of India (SBI), on April 9, 2019, followed its smaller peers to lower the lending rates by a … READ FULL STORY
The CBI has filed an FIR against Hyderabad-based BNR Infra and Leasing Limited, its promoters B Narasimha Reddy, S Bindusagar Reddy, advocates Nellutla Jagan, V Narasinga Rao and D Prabhakara Reddy and valuer N … READ FULL STORY
In order to tide over temporary liquidity crunch, banks borrow from the Reserve Bank of India (RBI), against government securities. The rate at which the RBI lends money to banks, is known as the … READ FULL STORY
The Reserve Bank of India (RBI) governor Shaktikanta Das, on February 18, 2019, reiterated the need for banks to cut interest rates, saying that ‘transmission of monetary policy decisions is important’. “Transmission of rates … READ FULL STORY
