housing loans

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 |

LIC Housing Finance profit falls by 11 percent


July 24th, 2012 - 6:13 pm ICT by IANS
Mumbai, July 24 (IANS) LIC Housing Finance Tuesday said its profit fell by 11.32 percent to Rs.227.74 crore in the April-June 2012 quarter as compared to Rs.256.50 crore in the ... 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 |

PM mulls Rs.1,000 crore corpus for housing poor


December 13th, 2011 - 2:40 pm ICT by IANS
New Delhi, Dec 13 (IANS) The government is considering creating a corpus fund of Rs.1,000 crore ($18.7 million) in the current fiscal that would encourage banks to give housing ... 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 |

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 |

SBI withdraws ‘teaser’ home loans, hikes rates


April 20th, 2011 - 10:11 pm ICT by IANS
Mumbai, April 20 (IANS) State Bank of India (SBI), the country's largest lender, said Wednesday it will end the much-debated teaser home loan rates from May 1 to pacify ... Read more...

Posted in Business |

SBI to hike lending rates, loans get dearer


April 19th, 2011 - 9:19 pm ICT by IANS
Mumbai, April 19 (IANS) The country's largest lender the State Bank of India (SBI) Tuesday said it will hike its base and prime lending rates by 25 basis points ... Read more...

Posted in Business |

Pradeep Jain thanks FM for giving due importance to real estate sector


February 28th, 2011 - 10:16 pm ICT by ANI
New Delhi, Feb 28 (ANI): Commenting on the Union Budget 2011-12, Pradeep Jain, Chairman, Parsvnath Developers Limited, on Monday thanked Union Finance Minister Pranab Mukherjee for giving due importance to the ... Read more...

Posted in National |

Thanks for sparing us more headache, housewives thank FM


February 28th, 2011 - 10:15 pm ICT by IANS
New Delhi, Feb 28 (IANS) Thankfully there was no hike in the prices of daily use items as well as airconditioners and mobiles -- this was the general reaction Monday to the ... Read more...

Posted in Health Science |

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 |

Use incentives to build affordable housing: Minister


February 28th, 2011 - 9:53 pm ICT by IANS
New Delhi, Feb 28 (IANS) Housing and Urban Poverty Alleviation Minister Kumari Selja Monday said the budget has created a fiscal policy environment for growth of housing and hoped that builders ... Read more...

Posted in Business |

Budget: What may become cheaper, what could be dearer


February 28th, 2011 - 7:02 pm ICT by IANS
New Delhi, Feb 28 (IANS) A look at what items can become cheaper and what could become dearer on account of the budget proposals on excise and customs presented by Finance ... Read more...

Posted in Business |

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-III)


February 28th, 2011 - 1:20 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:* Removal of supply bottlenecks in ... Read more...

Posted in National |

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 |

RBI examining housing scam loan accounts


December 9th, 2010 - 8:44 pm ICT by IANS
Kolkata, Dec 9 (IANS) The Reserve Bank of India (RBI) is scrutinising the loan accounts involved in the recent housing finance scam, the bank's chief said here Thursday."We have got information from ... Read more...

Posted in Business |

Beneficiaries of housing loans under probe agency scanner


November 25th, 2010 - 8:09 pm ICT by IANS
Mumbai, Nov 25 (IANS) A day after nabbing top officials of state-run banks and financial institutions, the Central Bureau of Investigation Thursday turned the heat on several alleged beneficiaries of what it ... Read more...

Posted in Business |

Corporation Bank hikes base rate by 50 basis points


November 4th, 2010 - 8:13 pm ICT by IANS
Mumbai, Nov 4 (IANS) Corporation Bank said Thursday it will hike base rate, the minimum rate below which a bank cannot offer loan, by 50 basis points to 8.25 percent from Nov ... 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 |

HDFC Q2 profit jumps 22 percent to Rs.807.54 crore


October 18th, 2010 - 5:20 pm ICT by IANS
Mumbai, Oct 18 (IANS) Housing Development Finance Corporation (HDFC) said Monday its net profit rose 21.62 percent to Rs.807.54 crore in the second quarter of this fiscal, led by strong demand for ... Read more...

Posted in Business |

Indian Bank, IOB hike lending rate to 8.5 percent


October 1st, 2010 - 9:09 pm ICT by IANS
Mumbai, Oct 1 (IANS) The Indian Bank and Indian Overseas Bank (IOB) Friday raised their base rates, the minimum rate of interest on loans, to 8.5 percent to match the rates ... Read more...

Posted in Business |

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...

Posted in Business |

German banker who misled market gets suspended jail term


July 14th, 2010 - 5:41 pm ICT by IANS
Dusseldorf, July 14 (DPA) A German banker who misled the market about the looming sub-prime mortgage crisis in 2007 was handed a 10-month suspended jail sentence and 100,000 euros ($125,000) in fines ... Read more...

Posted in Business |

State Bank of Mysore net up 32 percent in fiscal 2010


April 21st, 2010 - 11:59 pm ICT by IANS
Bangalore, April 21 (IANS) The State Bank of Mysore (SBM), an associate bank of the State Bank of India (SBI) in Karnataka, posted net profit of Rs.446 crore for fiscal 2009-10, ... 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 |

Properties worth Rs.3,000 crore on show at Fairpro 2010


February 11th, 2010 - 4:47 pm ICT by IANS
Chennai, Feb 11 (IANS) Around Rs.3,000 crore worth of residential properties at a price ranging from Rs.10 lakh to Rs.8 crore will be on the offer at the third edition of a ... Read more...

Posted in Business |

CBI raids builders, bank officials in Bhopal


February 11th, 2010 - 2:14 pm ICT by IANS
Bhopal, Feb 11 (IANS) The Central Bureau of Investigation (CBI) has conducted raids on the premises of two former officials of Central Bank of India and two builders here in connection ... Read more...

Posted in Uncategorized |

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 |

Real estate developers seek budget sops


January 7th, 2010 - 10:55 pm ICT by IANS
New Delhi, Jan 7 (IANS) Real estate sector representatives Thursday urged Finance Minister Pranab Mukherjee to continue with the current bank interest rates besides giving it the status of an infrastructure ... Read more...

Posted in Business |

Waive off debts worth Rs.1.21 bn of Kerala fishermen: Panel


December 2nd, 2009 - 5:48 pm ICT by IANS
Thiruvananthapuram, Dec 2 (IANS) The Kerala State Fishermen Debt Relief Commission has recommended the state government waive outstanding loans of Rs.121 crore (Rs.1.21 billion) of 56,695 fishermen. "We had invited applications from the ... Read more...

Posted in Business |

New Assocham chief calls for rate cuts by 50 basis points


October 13th, 2009 - 6:29 pm ICT by IANS
New Delhi, Oct 13 (IANS) The government must reduce repo and reverse repo rates by 50 basis points to enable industry avail of loans at reasonable rates, says Swati Piramal, the newly-elected ... Read more...

Posted in Business |

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...

Posted in Business |

Centre announces five percent increase in DA for employees and pensioners


September 10th, 2009 - 5:52 pm ICT by ANI
New Delhi, Sep 10 (ANI): The Union Government on Thursday announced a five percent increase in the dearness allowance for its employees and pensioners, with effect from July this year.The announcement ... Read more...

Posted in National |

Government housing scheme also for middle income groups


July 18th, 2009 - 7:35 pm ICT by IANS
Puducherry, July 18 (IANS) Apart from the earlier proposal to build 1.5 million houses for urban poor, the government will build a million affordable houses for the middle income group, Minister of ... Read more...

Posted in Business |

« Previous Entries

Subscribe