HOME LOANS SBI
View: Grab what you can in India’s bad loan melee
As everyone from the govt sleuths to the courts are joining the melee, the chaos will hurt recovery.
SBI to charge processing fees for home loans
The full waiver of consolidated processing fee offered during the festival period has been withd...
Share market update: NBFC stocks mixed; Ind Bank Housing falls 4%
The NSE Nifty50 index was trading 78.95 points up at 11,665.30.
SBI to conduct e-auction of 11 accounts to recover dues of Rs 467 crore
SBI said the financial assets were showcased on Oct 12 and the e-auction will take place on Nov 7. The auction for the accounts will be held under the 'Swiss Challenge Method', based on an existing offer in hand, who will have the right to match the highest bid.
Stocks in the news: Wipro, Bajaj Consumer, Can Fin Homes, BPCL and Omaxe
SBI Life Insurance Company reported a 48.7% fall in the net profit for the quarter ended September.
Banks plan to recast Rs 4,000 crore CG Power loans
Lenders of the fraud hit CG Power plan an easier moratorium on repayment of loans and are also considering whether the company needs emergency funding, the banks have appointed SBI Capital Markets to prepare a resolution plan for the same.
HDFC localises website in six Indian languages
The mortgage lender said that the website content is now also available in Hindi, Marathi, Tamil, Telugu, Malayalam and Kannada, even as English continues to be a widely used language on digital platforms in India, HDFC said.
Priyanka slams govt over reports of SBI waiving bad loans
The reports claimed that SBI has written off bad loans worth Rs 76,600 crore of 220 defaulters who owed more than Rs 100 crore each.
SBI seeks FinMin's intervention for DHFL resolution
Lack of coordination is causing hurdles, SBI feels. The bank is worried about systemic risk if efforts to finalise the resolution plan do not go through. While NBFCs have taken a hit on their advances, banks have yet to mark such credit as NPAs.
State Bank of India cuts MCLR by 10 bps across tenors, loans to get cheaper
Due to this rate cut, the one-year MCLR would come down to 8.05 percent a year from 8.15 percent.
ED searches DHFL offices over exposure to firm having links with gangster Mirchi
In a report by The Economic Times, the troubled mortgage lender's links with Sunblink Real Estate have come to the fore. The ED has not named DHFL but documents reviewed by this paper showed Sunblink exposure adds up to Rs 2,186 crore.
ICICI Bank to pay customer Rs 55,000 for not informing about resetting loan interest rate
The customer said that rate of interest, displayed as 14.85% in loan account, was never agreed upon and claimed that bank officials never informed him about the change in interest rate.
Will investors regain confidence on home financiers?
RBI has slashed the rate by 135 bps since February, helping lower the absolute yields.
Baring Partners, strategic investor in race to buy 30% in Can Fin Homes
Analysts believe that with an increased focus on affordable housing, where ticket sizes are lower, it may make sense for investors to acquire a housing finance company operating in that space.
Home loans likely to get cheaper from this week
As banks shift to a new system borrowers could be paying less on their mortgages .
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