ArticleField.comInternet's Fastest Growing Free Content Article DirectoryThe credit growth picture does not look rosy for the banking sector. For the State Bank of India (SBI), it looks worse. Data from the Reserve Bank of India (RBI) show average credit growth in the July-September quarter was 20%. For SBI? 16.93%. Peers such as ICICI Bank and HDFC Bank saw loan disbursements rise […]
According to the Society of Indian Automobile Manufacturers, domestic car sales went down to 1,38,521 units in the month under review from 1,81,704 units sold in the like period of last year. “The rate rise have deterred consumers who have already availed of home loan to increase their outgo in EMIs by investing in a […]
State Bank of India (SBI), the country’s largest lender, reported a net profit of Rs 2,810 crore for the quarter ended September 30, a 12 % rise compared with the Rs 2,501-crore net profit in the year-ago period. Pratip ChaudhuriThough the banking behemoth reported a growth in profit after two quarters, investors were not impressed, […]
The National Housing Bank (NHB) will set up a loan guarantee fund of Rs 1,200 crore for the urban poor. The broad contours of this proposal announced during the Budget 2011-12 guarantees housing loans up to Rs 5 lakh for the urban poor in metros and other cities. “The scheme (which will not cover the […]
you have money stashed for future, now perhaps is the time to air it. Especially if your treasure is not giving good returns or bonuses. You should prepay if you can. Several banks allow a home loan borrower to partially prepay up to a certain limit without any penalty. Although, do take into consideration that […]
