LIC Housing sanctions more than Rs 100 crore in loans in 3 days

LIC Housing Finance sanctioned over Rs 100 crore toward home loans during a three-day property exhibition that concluded in the city today, a senior company official said. The company organised the ‘Home for All Expo ’11’, starting November 4, at Pragati Maidan to attract home loan seekers. “We have sanctioned more than Rs 100 crore […]

Figures released of Campaign finance

Leading up to Tuesday’s city election, mayoral candidate Ed O’Neill is this election cycle’s biggest fundraiser and spender, according to campaign documents filed with the Iowa Ethics and Campaign Disclosure board. O’Neill raised $12,150, and spent $9,197.15 on his campaign. His biggest contributers include Juanita and James Byrn, who each donated $2,000, Tamara Olsen, who […]

Now Home Loans Available at No Prepayment Penalty

National Housing Board’s (NHB) two major decisions promise to bring cheer to home loan borrowers: 1. NHB has barred the housing finance companies (HFCs) from charging prepayment penalty on floating rate home loans. In case of the fixed rate home loan, the prepayment penalty can be charged. However, in this case, if the borrower is […]

GE Capital​ expands into leasing in India

GE Capital Services India said it will extend its presence in equipment and auto leasing business in India. It is now present in credit cards, corporate lending, energy services and private equity. The domestic arm of the $150 billion US-based General Electric Co. has invested $4 million to build the business in the last one-and-a-half […]

Saving Rates Hike not in Cards: SBI

The two banks that have offered 6% on their saving bank deposits are the banks with a very small network offices. Therefore they perhaps need to take this battle for saving bank deposits to the pricing front rather than the service front, but our understanding is that saving bank customers are looking for much more. […]