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7 Points to keep in Mind when you book your property

A brand new name has its own charm, especially when its cost is yet to hit the roof. More individuals swear the danger of booking a savorless in an under-construction building mainly for that sanity. It not exclusive helps you fulfil the stargaze of owning a concern , but is also cheaper than a read-to-occupy […]

Things to observe before taking gold loan

Taking loan against gold is shown to be the easiest way to raise money either for business or to buy an asset like a house. With Kerala-based gold loans companies Manappuram and Muthoot Finance taking the gold loans business pan-India there are advertisements galore on the benefits of taking a gold loan. But gold loans […]

RBI notify banks on real estate valuation frauds

Alarmed by increased valuations of real estate properties for the resoluteness of property loan, the Reserve Bank of India (RBI) has asked all banks to submit an action-taken interrogation on the bare. The thing was raised last week by RBI Governor D Subbarao during a convergence of the Board for Financial Supervision (BFS). After this, […]

Shriram Transport Finance to tramp rates next quarter

Shriram Transport Finance Company (STFC) would raise interest rates on its Commercial car loan in the second quarter, as its outgo of adoption accumulated by 100 base points after the RBI withdrew the priority-sector state for loans to instrumentality finance companies. R Sridhar, managing director, STFC, said, “Isolated from the outcome of priority status, cost […]

SBI lowers credit growth target 300 BPS

Expecting a slowdown, the State Bank of India (SBI) has lowered its credit growth estimate by 300 basis points to 16-19% from 19-22% earlier. “With interest rates rising, many companies are reconsidering their expansion plans. Therefore, we expect some slowdown in demand for credit, particularly long-term and term credit for equipment finance,” Pratip Chaudhuri, the […]