Kerala CPI-M sacks three local party workers
August 17th, 2012 - 7:55 pm ICT by IANS
Kozhikode, Aug 17 (IANS) An angry CPI-M Friday booted out three local party workers in Kozhikode district because they had taken part in mobilising funds for the family of their ... Read more...
Posted in Politics |
Housing loans for urban poor soon: PM
August 15th, 2012 - 1:19 pm ICT by IANS
New Delhi, Aug 15 (IANS) The government will soon launch a housing scheme to provide housing loans to the poor in urban areas, Prime Minister Manmohan Singh said Wednesday."To ... Read more...
Posted in Business |
Affordable housing hit badly in real estate slump (Comment)
July 15th, 2012 - 3:04 pm ICT by IANS
Amid economic slowdown, the drastic fall in home absorption rates this year is a matter of serious concern. The high property and home loan rates have taken the toll of sales, ... Read more...
Posted in Business |
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...
Posted in Business |
Nod for low-income housing credit risk fund
March 23rd, 2012 - 10:13 pm ICT by IANS
New Delhi, March 23 (IANS) The union cabinet Friday approved the establishment of the Credit Risk Guarantee Fund Trust (CRGFT) for low income housing to ensure affordable housing stock.The ... Read more...
Posted in Business |
Small home loan borrowers to get 1 percent interest subsidy
October 25th, 2011 - 5:45 pm ICT by IANS
New Delhi, Oct 25 (IANS) In a bid to provide relief to small home loan borrowers from rising interest rates, the government Tuesday said it will provide 1 percent ... Read more...
Posted in Business |
Finally, Kerala legislators all set for pay hike
October 14th, 2011 - 7:53 pm ICT by IANS
Thiruvananthapuram, Oct 14 (IANS) Kerala's 141 legislators, who gripe over poor pay, have found willing ears with retired Justice Rajendra Babu endorsing a hike.Babu, who submitted his report to assembly ... Read more...
Posted in Politics |
PM assures parliament on Air India salaries (Second Lead)
August 3rd, 2011 - 3:38 pm ICT by IANS
New Delhi, Aug 3 (IANS) Prime Minister Manmohan Singh Wednesday admitted that national carrier Air India was facing "serious difficulties", but added that the government would find ways to ... Read more...
Posted in Politics |
PM assures on Air India salaries (Lead)
August 3rd, 2011 - 2:41 pm ICT by IANS
New Delhi, Aug 3 (IANS) Prime Minister Manmohan Singh Wednesday admitted that Air India was facing "serious difficulties" but said that the government would find "ways and means" to ... Read more...
Posted in Business |
Bank employees to strike work Aug 5
August 1st, 2011 - 7:03 pm ICT by IANS
Chennai, Aug 1 (IANS) The United Forum of Bank Unions (UFBU), comprising nine banking sector unions, Monday announced its decision to strike work Aug 5 as the conciliation talks held ... Read more...
Posted in Business |
Housing loan demand may fall: NHB chairman
July 27th, 2011 - 5:57 pm ICT by IANS
Kolkata, July 27 (IANS) The demand for housing loans may come down with key rates of the Reserve Bank of India (RBI) going up by 50 basis points, National Housing ... Read more...
Posted in Uncategorized |
HDFC quarterly net profit up 23.27 percent
May 10th, 2011 - 4:19 pm ICT by IANS
Mumbai, May 10 (IANS) Housing finance major HDFC Tuesday reported a 23.27 percent rise in net profit for the quarter ended March 31 at Rs.1,141.95 crore compared to Rs.926.3 crore ... Read more...
Posted in Business |
Interest subsidy on Rs.15 lakh housing loan: Mukherjee (Lead)
February 28th, 2011 - 9:53 pm ICT by IANS
New Delhi, Feb 28 (IANS) In a boost to the housing sector, low-cost housing loans of up to Rs.15 lakh would be eligible to get an interest subsidy of one percent, ... Read more...
Posted in Business |
India continues to face inflation, cause for concern: Mukherjee
February 28th, 2011 - 2:40 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Mukherjee on Monday said inflation continues to remain a concern, but exuded confidence that the monetary policy of Reserve Bank of India ... Read more...
Posted in National |
Interest subsidy on Rs.15 lakh housing loan: Mukherjee
February 28th, 2011 - 2:12 pm ICT by IANS
New Delhi, Feb 28 (IANS) In a boost to the housing sector, Finance Minister Pranab Mukherjee Monday said low-cost housing loans of Rs.15 lakh would be eligible to get an interest ... Read more...
Posted in Business |
Highlights of Union Budget 2011-12 (Part-II)
February 28th, 2011 - 1:09 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Minister on Monday presented the Union Budget 2011-12 in the Parliament.Highlights of Union Budget 2011-12 are as follows:* New Public debt management bill ... Read more...
Posted in National |
Venezuela’s Chavez threatens to seize bank
January 27th, 2011 - 12:07 pm ICT by IANS
Caracas, Jan 27 (IANS/EFE) President Hugo Chavez threatened to expropriate the Venezuelan subsidiary of Spanish banking giant BBVA in a tense telephone conversation Wednesday with the bank's CEO that was broadcast live ... Read more...
Posted in Business |
Road rage claims a life in Delhi
December 13th, 2010 - 10:05 pm ICT by IANS
New Delhi, Dec 13 (IANS) In a case of road rage, a housing loan agent was stabbed to death by four men in north Delhi Monday following a heated argument after their ... Read more...
Posted in Uncategorized |
Bail granted for 8 accused in LIC housing loan scam
December 4th, 2010 - 3:18 pm ICT by ANI
By Ankita DwivediMumbai, Dec.4 (ANI): A Central Bureau of Investigation (CBI) court has granted bail to eight people arrested for the Life Insurance Corporation (LIC) housing loan scam.Earlier, CBI had busted a ... Read more...
Posted in National |
Lawsuit challenges SBI’s life insurance scheme
November 26th, 2010 - 8:18 pm ICT by IANS
Lucknow, Nov 26 (IANS) The Lucknow bench of the Allahabad High Court Friday issued a notice to SBI (State Bank of India) Life Insurance on a public interest litigation (PIL), ... Read more...
Posted in Business |
CEO’s arrest may hit future plans of LIC Housing Finance
November 25th, 2010 - 12:07 am ICT by IANS
Chennai, Nov 24 (IANS) The arrest of LIC Housing Finance Limited's CEO Ramachandran Nair by India's federal probe agency Wednesday would be a setback for the company's ambitious plans of floating a ... Read more...
Posted in Business |
RBI tightens norms for home loans, rates may go up
November 2nd, 2010 - 5:50 pm ICT by IANS
Mumbai, Nov 2 (IANS) The Reserve Bank of India (RBI) Tuesday tightened the norms for home loans, asking banks to cap the loan amount at 80 percent of the cost of ... Read more...
Posted in Business |
Apex court sore over neglect of building workers’ welfare
September 10th, 2010 - 9:01 pm ICT by IANS
New Delhi, Sep 10 (IANS) The Supreme Court Friday slammed the central government and states for their failure to implement two almost 15-year-old laws on the regulation of working conditions and welfare ... Read more...
Posted in Business |
Indian Bank seeks partners for merchant banking and MF business
July 25th, 2010 - 2:45 pm ICT by IANS
Chennai, July 25 (IANS) Indian Bank is in the process of inducting partners for its merchant banking and mutual fund arms and merging the housing finance outfit with itself, a top official ... Read more...
Posted in Business |
Affordable housing projects get more money
February 26th, 2010 - 6:48 pm ICT by IANS
New Delhi, Feb 26 (IANS) Finance Minister Pranab Mukherjee extended a low interest housing loan scheme and increased the outlay on homes for the urban poor in the 2010-11 budget he ... Read more...
Posted in Business |
India’s central bank worried over teaser rates for housing loans
January 12th, 2010 - 8:37 pm ICT by IANS
Mumbai, Jan 12 (IANS) The practice among commercial banks of attracting customers with lucrative interest rates on housing loans only to convert it into floating rates later is a cause for ... Read more...
Posted in Business |
New direct tax will check avoidable litigations: Pranab
December 16th, 2009 - 8:07 pm ICT by IANS
New Delhi, Dec 16 (IANS) Finance Minister Pranab Mukherjee Wednesday said the initiatives taken and proposed in the new direct tax code (DTC) will check avoidable litigations with resident as well ... Read more...
Posted in Business |
LIC Housing plans dwelling units for senior citizens
August 14th, 2009 - 6:40 pm ICT by IANS
Chennai, Aug 14 (IANS) Housing financer LIC Housing Finance is planning to build homes for senior citizens in Jaipur and Bhubaneswar, said a top company official here Friday.
"We have acquired seven acres ... Read more...
Posted in Business |
Real estate looking up, people start buying once again
August 2nd, 2009 - 2:55 pm ICT by IANS
By Aparajita Gupta
Kolkata, Aug 2 (IANS) The booming real estate market that received a jolt during the slowdown last October-November seems to be recovering. People are slowly purchasing, but only for ... Read more...
Posted in Business |
HDFC net profit down 6.3 percent
May 4th, 2009 - 4:07 pm ICT by IANS
Mumbai, May 4 (IANS) Major housing loan provider HDFC Monday said its net profit dipped 6.3 percent to Rs.2,282.54 crore for the year ended March 31 from Rs.2,436.25 crore the previous fiscal.
The ... Read more...
Posted in Business |
PNB reduces lending rate by 50 basis points
April 30th, 2009 - 6:57 pm ICT by ANI
New Delhi, Apr 30 (ANI): The Punjab National Bank on Thursday reduced its benchmark lending rate by 50 basis points to 11 percent.The Benchmark Prime Lending Rate (BPLR) has been slashed from ... Read more...
Posted in Business |
Punjab National Bank, Bank of Baroda reduce lending rates
December 29th, 2008 - 2:31 pm ICT by IANS
New Delhi, Dec 29 (IANS) Punjab National Bank (PNB) Monday reduced its benchmark prime lending rate (BPLR) by 50 basis points from 12.5 percent annually to 12 percent from Jan 1. Bank ... Read more...
Posted in Uncategorized |
Doha Bank’s brokerage firm to enter non-banking sector
August 16th, 2008 - 3:12 pm ICT by IANS
Thiruvananthapuram, Aug 16 (IANS) Doha Brokerage & Financial Services Limited (DBFS), an associate of Doha Bank headquartered in Qatar, is all set to enter the non-banking financial company (NBFC) operations in India ... Read more...
Posted in Business |
Baba Sehgal threatens legal action against bank
July 24th, 2008 - 10:57 pm ICT by IANS
Mumbai, July 24 (IANS) Rap and pop singer Baba Sehgal plans to sue Karnataka Bank for allegedly trying to defame him in the matter of a loan he had taken for business ... Read more...
Posted in Entertainment |
Tata AIG, Allahabad Bank tie up to offer mortgage cover (Lead)
July 2nd, 2008 - 8:14 pm ICT by IANS
Kolkata, July 2 (IANS) Life insurance player Tata AIG and public sector Allahabad Bank joined hands Wednesday to provide mortgage insurance facilities to the bank's housing loan customers. Announcing this here, Allahabad ... Read more...
Posted in Business |