Fixed income safer for higher loan

Avoid shares as collateral, as you may need to pay for the decline in stock price in volatile market. With the Sensex down 20 per cent since the beginning of the year, many investors are feeling the pinch. Besides the loss in value of investments, the use of your stock market investment as collateral had […]

Realty, broking ops may pose hurdles for large NBFCs

Non-banking finance companies (NBFCs) may find it tough to float a bank. The Reserve Bank of India (RBI), in the draft guidelines for new licences released on Monday, said companies with real estate and broking contributing to over 10 per cent of their income would not be allowed to float a bank. This means large […]

Fixed returns safer for higher loan

Avoid the use of parts under warranty, as you may need to pay a share price drop in volatile markets. With the Sensex down 20% since the beginning of the year, many investors feel the pinch. Besides the loss in value of investments, was the use of your stock market investments as too little security. […]

SBI eyes higher home loan disbursal

State Bank of India has set a target of about Rs 3,200 crore in home loan disbursals in Tamil Nadu and Pondicherry, representing a 30-per cent growth in home loan portfolio of about Rs 10,500 crore in the region. Last year the bank disbursed over Rs 2,000 crore, according to Mr J. Chandrasekaran, Chief General […]

Dual rate loans from ICICI Bank

If you are looking to buy a house, but are worried about the spiralling interest rates, ICICI Bank’s recently announced teaser home loans may help. After a two-year hiatus, ICICI Bank has come up with teaser home loans again. The scheme will allow you to fix interest rates for one or two years and pay […]