ArticleField.comInternet's Fastest Growing Free Content Article DirectoryQueenslanders Credit Union have announced a flood relief package for members affected by last week’s floods. Included in the package is an opportunity to defer repayments on home loans, personal loan and car loans for up to three months and a waiver of any late fees for missed repayments. Queenslanders CEO John Weier said the […]
The 33% net profit growth of India’s biggest mortgage lender, HDFC, may have exceeded the estimates of various brokerages and the ET Intelligence Group. But shorn of the profit from sale of its investments in IL&FS, a one-off transaction, profits would have grown at a far more modest 21%. Investors, however, could have a few […]
SBI Caps expects to close the much-awaited debt restructuring plan of the loss-laden national carrier Air India later this month or early February. “We are hopeful of closing this exercise by the end of January or early next month. We hope Deloitte will submit its report soon so that we can meet this deadline. We […]
India’s largest mortgage lender, HDFC, has turned in a good set of numbers for the December 2010 quarter. While growing the loan book by 27% year-on-year, the firm managed to bring down non-performing loans for the 24 th consecutive quarter to 0.85%. Given its strong capital adequacy of 14%, Keki Mistry, vice chairman and CEO, […]
In a bid to prevent deterioration of bank asset portfolios, the Reserve Bank of India (RBI) is expected to further tighten up on real estate lending norms, both for retail customers and developers. Since the second quarter of this financial year, banks have faced asset deterioration with unbridled lending to the real estate sector. This […]
