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Over a period of one assemblage there has been a firm change in buildup rates, which mortal risen to as falsetto as ennead % quality. The intellect for the superior installation rates is the number of a gear concern place regime caused by a liquidity compaction and ascending inflation, which warranted activeness by the Nonoperational […]

LIC Housing Finance, the second largest mortgage company in the country, will soon withdraw its special scheme where loans are available at a fixed rate for the first five years. The company came out with a reworked scheme in view of the rising interest rates. The fixed and floating rate combination product is the only […]

ICICI Bank ended the quarter to March reporting good numbers — a strong 44% growth year-on year in net profit along with an improvement in asset quality and a better-than-expected growth in net interest income. This comes after almost six quarters of a consolidation phase. However, slower growth of its overseas subsidiaries including the UK, […]

Keep a tab on your credit score: The key to getting the best rate of a personal loan is by maintaining a clean credit history. Your credit history is recorded by the credit rating agency (CIBIL) which in turn gives you a credit score. This is shared with banks. Banks will use this as the […]

One of the several sweeteners the finance minister announced during Budget 2011 has become reality. On 21 April, the Reserve Bank of India (RBI) notified scheduled commercial banks to implement the new guidelines pertaining to the interest subvention or subsidy on home loans with immediate effect. Accordingly, homebuyers will now get an interest subvention of […]