housing finance companies

SIDBI to be first to raise funds through ECB


August 27th, 2012 - 10:13 pm ICT by IANS
Kolkata, Aug 27 (IANS) The Small Industries Development Bank of India (SIDBI) Monday said it would be first finance company to raise funds through external commercial borrowing (ECB) after the ... Read more...

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Home loans up to Rs.15 lakh get 1 percent cheaper


July 4th, 2012 - 4:41 pm ICT by IANS
New Delhi, July 4 (IANS) The government Wednesday announced one percent interest subsidy on housing loan up to Rs.15 lakh to give a boost to low-cost housing projects in ... Read more...

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Credit Information Bureau to target insurance, telecom firms


August 3rd, 2011 - 6:35 pm ICT by IANS
Chennai, Aug 3 (IANS) Credit history vendor Credit Information Bureau India Ltd (CIBIL) Wednesday said it will focus on providing data to insurance and telecom sectors for growing its business."We ... Read more...

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Housing scam pulls down Sensex (Roundup)


November 24th, 2010 - 7:04 pm ICT by IANS
Mumbai, Nov 24 (IANS) A benchmark index of Indian equities closed a volatile trading day Wednesday 231 points lower as reports of a housing scam involving major housing finance institutions and ... Read more...

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10 banks to pick up stakes in Central Electronic Registry


July 15th, 2010 - 7:03 pm ICT by IANS
Kolkata, July 15 (IANS) About 10 large banks would pick up stakes in the proposed Central Electronic Registry (CER), which would track mortgages in the home loan market and help check fraudulent ... Read more...

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Sensex tanks as investors sell in a hurry (Roundup)


October 27th, 2009 - 9:04 pm ICT by IANS
Mumbai, Oct 27 (IANS) A benchmark index of the Indian equities markets nosedived Tuesday to end about 2.3 percent lower than its previous close with traders hitting the sell button amid ... Read more...

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Industry welcomes monetary policy, says stimulus still needed


October 27th, 2009 - 9:03 pm ICT by IANS
Mumbai, Oct 27 (IANS) Industry and think tanks Tuesday welcomed the central bank's shift in monetary policy stance, hoping that some parts of the stimulus would be retained as the economic recovery ... Read more...

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Indian equities plummet as central bank tightens policy (Lead)


October 27th, 2009 - 2:23 pm ICT by IANS
Mumbai, Oct 27 (IANS) Indian stock markets fell sharply Tuesday after the central bank said it has hiked the statutory liquidity ratio for commercial banks and will change its stance on ... Read more...

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One percent interest subsidy on housing loans


September 10th, 2009 - 5:53 pm ICT by IANS
New Delhi, Sep 10 (IANS) The government Thursday approved one percent interest rate subvention for housing loans up to Rs.10 lakh, and okayed the allocation of Rs.1,000 crore for the scheme. "The ... Read more...

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CII advocates industry status for realty sector


March 1st, 2009 - 4:19 pm ICT by IANS
New Delhi, March 1 (IANS) The Indian realty sector should be accorded an "industry status" and the integrated township development activity an "infrastructure status", the Confederation of Indian Industry (CII) has said ... Read more...

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Housing bank expects finance firms to reduce rates


December 30th, 2008 - 4:46 pm ICT by IANS
Kolkata, Dec 30 (IANS) India's apex housing finance institution, the National Housing Bank (NHB), expects housing finance companies to reduce lending rates, a top company official said here Tuesday."As we have reduced ... Read more...

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RBI to provide liquidity support to housing, export sectors


December 11th, 2008 - 5:48 pm ICT by ANI
Kolkata, Dec.11 (ANI): The Central Board of the Reserve Bank of India today decided to provide liquidity support to the housing and export sectors adversely affected by the recent financial market ... Read more...

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US Fed takes more steps to unfreeze credit markets


November 25th, 2008 - 11:01 pm ICT by IANS
Washington, Nov 25 (DPA) The Federal Reserve took two new steps to unfreeze credit for homebuyers, consumers and small businesses Tuesday, committing up to $800 billion in government-backed debt and loans.The central ... Read more...

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‘Demand for affordable housing still strong’


November 17th, 2008 - 5:02 pm ICT by IANS
New Delhi, Nov 17 (IANS) Demand for "affordable housing" is still strong in India and first-time home buyers would continue to drive the realty segment, a top industry official said here Monday."Affordable ... Read more...

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National Housing Bank to raise Rs.110 bn this fiscal


June 27th, 2008 - 11:21 pm ICT by IANS
Kolkata, June 27 (IANS) National Housing Bank (NHB) would raise Rs.110 billion ($2.6 billion) during the current fiscal to fund the housing industry, said a top official here Friday. "This year, we ... Read more...

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Dynamics of housing finance changing in India


February 27th, 2008 - 3:00 pm ICT by admin
New Delhi, Feb 27 (IANS) Despite housing being the state's responsibility, the share of public sector housing finance companies has dipped from 10.19 percent in 2001-02 to 2.63 percent in 2005-06, says ... Read more...

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