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The National Housing Bank (NHB) plans to set up a mortgage finance company in association with two or three partners including development banks by the end of this fiscal. To start with, NHB has already identified Asian Development Bank and Washington-based International Finance Company (IFC) as prospective partners and is looking for a third strategic […]

Loans grew faster than Fixed deposit during the fortnight ending September 9, indicating an increase in credit demand during the holiday season. Credit growth has been slow so far this fiscal year due to the sharp rate rises by the Reserve Bank of India (RBI). The latest figures published by RBI, the credit growth in […]

Some good news for students, Nagpur University has once again expanded its last entry to all courses seem to fill a huge number of places available in most faculties. This is the third time the deadline has been extended the UN authorities after the strong demand for most universities, where a large number of vacancies, a […]

With automotive sales losing pace, the auto finance business may hit a bump in FY12. Automotive sales in India for the fiscal ended March 2011 were 26%. But rising interest rates on loans coupled with moderating automotive sales peg the industry growth at between 13 to 14% for the current fiscal. Since most vehicle purchases […]

HSBC is looking to grow its unsecured Indian loan portfolio, mainly credit cards, its country chief executive said, as its retail operation moves towards a return to profitability in Asia’s third-largest economy. Banks in India slashed unsecured lending after personal loans and credit card dues turned bad following the global financial crisis. HSBC India saw […]