HOME LOAN CALCULATOR
Budget 2020 should hike tax breaks for house property income to boost realty: EY
Providing tax incentives on house property income would stimulate demand and help boost the sector.
Ex-J&K minister’s son held for duping bank to buy homes abroad
Hilal Ahmed Rather, the son of three-time National Conference MLA Abdul Rahim ...
Ex-billionaire Mallya let French mansion rot, lender charges
Vijay Mallya faces extradition to India on fraud charges. He was granted permiss...
Unsecured consumer loans grow most, credit card dues at Rs 1L crore
Unsecured loans are growing even as secured retail advances such as auto loans, loans against property (LAP) and home loans saw moderate rates of balance growth at 10.3%, 11.6% and 10.0%, respectively, according to TransUnion CIBIL’s Q2FY20 Industry Insights Report.
Global stress funds lap up Reliance Capital debt on hopes of repayment
Secondary market discount narrows to 70% from 80% in Nov after Reliance Home Fin’s assurance on repaying retail debenture holders
How global investors traded Reliance Capital bonds at 70% discount amid revival hope
The discount narrowed to 70% in the latest transactions from 80% in trades in November.
Reliance Home Finance gave Rs 12,000 crore loans to 'indirectly linked' borrowers: Forensic audit
The forensic auditor found “anomalies” in the credit appraisal process of the home financier and noted that more than 80% of disbursals comprised corporate loans to a group of 47 borrowers that shared these common characteristics, according to these people. This included similar registered addresses, common directors and key management personnel.
Tax optimiser: Home loan, NPS, medical cover can cut tax by Rs 77,000 for Sinha
For the home loan taken, the interest paid to the bank can be claimed as a deduction for a maximum of Rs 2 lakh under section 24. Further, the principal component also offers tax benefit under section 80C.
China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note
China's economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown.
Reliance Home Finance hits 5% lower circuit
Reliance Home Finance said the report confirmed the company's internal findings.
Bad loans may continue to stress banks
Some large corporate groups continue to remain stressed, including Essel Group and Coffee Day.
Forensic audit finds no fraud, fund diversion at Reliance Home Finance
Lenders of the company had appointed Grant Thornton for the audit, as required under the RBI guidelines.
Real estate body wants reduction in home loan interest to boost sales
Developers pointed out that a revival in housing industry will also help the overall economy regain its growth momentum. The industry suggested tax reforms and raising deduction on home loan interest to Rs 5 lakh from Rs 2 lakh to boost sales.
SBI to refund home loan borrowers if builder delays project
The scheme can be availed for projects where the maximum home price is upto Rs 2.5 crores.
Bondholders drag Reliance Home Finance to NCLT
IDBI Trusteeship wants the tribunal to seize the assets of Reliance Home Finance and Reliance Capital to recover the dues.
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