NHB sounds warning on home loans

The National Housing Bank (NHB), which regulates housing finance companies (HFCs), has asked lenders to keep a close watch on delinquencies as rising interest rates may undermine the repayment capacity of borrowers and erode asset quality. It asked them to pass on interest rate increases gradually and to take into account the impact on both […]

State Bank of India bucks trend as it expands in UK

State Bank of India will open branches in Coventry and Wolverhampton before the end of the month, taking its British network up to ten. It says this could then double within the next five years. Rajnish Kumar, chief executive of British operations, says SBI’s commitment to its branch network is all about offering customers a […]

ICICI Bank opens second retail branch in Singapore

The country’s largest private sector bank, ICICI Bank, opened its second retail branch in Singapore to cater to the banking needs of customers, including money transfers to India. The branch will also offer savings and transaction banking solutions for meeting local needs through fixed deposits, savings and current accounts, said a press release from the […]

Loans of every kind come with certain downside

The financial world is passing through a turbulent phase again. With uncertainty looming large, many have realised that it is time to tighten their purse-strings. However, an equally important part of your outgo management is to tread carefully while taking and servicing debt. In times of rising inflation, mismanagement of repayments could cripple your finances, […]

Senior citizens must plan ahead to avoid faltering on home run

Everybody loves the security of a roof over the head. Especially, silver citizens. If the house is in a nice and quiet locality with basic amenities to support stress-free living, that is a luxury. However, with real estate prices touching the cloud with scorching home loan rates for company, the idea almost appears a day […]