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Markets slipped 2 per cent this week amid mixed bag of earnings by India Inc and investors turning edgy over divisions between France and Germany on debt crisis ahead of European Union summit. The Sensex opened on a soft note after Reliance Industries second quarter results missed street estimates and touched a low of 16,669 […]

The Bank’s quarterly Trends in Lending report found that the total stock of lending to businesses fell by about £2.5bn in the three months to August. Credit conditions continued to be tighter for small and medium-sized enterprises compared to larger companies, according to the Bank’s networks of agents. Small businesses are using personal loan to […]

Shares of housing finance companies fell in a weak market on Thursday on concern the regulatory move to ban these firms from penalising pre-payment of loans would affect their profits. But analysts said such worries are stretched as revenues from pre-payment of loans contributed only marginally to their earnings. HDFC fell 4.3%, Dewan Housing dropped […]

After goading by the Government and fearing risks to asset quality, a number of state-run banks, led by SBI, Central Bank, Syndicate and Canara, have decided to raise home loan tenors to 25 to 30 years or till the borrower touches 70, well past the working age. State Bank of India took the lead and […]

State Bank of India will have to weigh the slowdown in credit growth and asset quality pressures before passing on to borrowers any further interest rate hikes by the Reserve Bank of India, according to Mr Hemant Contractor, Managing Director. The bank has generally passed on the interest rate hikes affected by the central bank. […]