SBI to go back to government again for rights issue support

The State Bank of India will knock on the government’s door once again to get the clearance for its proposed rights issue to raise Rs 20,000 crore while it is going steady with its overseas expansion plans. “We are going back to the government on the rights issue,” SBI chairman Pratip Chaudhuri told ET. He […]

RBI lays out stern and dreary rules for banks lending to real estate sector

The Reserve Bank of India has set the standards of due severe and tedious in the industry for banks in sanctioning of loans to real estate, after an inspection found that the majority of frauds were due to forgery even after specialized lawyers and accountants. The central bank said that banks should make every effort […]

Banks cut deposit rates by 1 pc point

Commercial banks that witnessed an unexpected development in deposits in recent weeks have decided to decrease deposit rates, a move which is expected to drag down lending rates as well, bringing cheers to borrowers. So far, the banks were providing interest returns on one year fixed deposit at 12 %. Their lending rates for different […]

Now, finance firms turn real estate gurus

Which real estate consultant offers you a pick of 6,000 homes in over 400 projects from much than 700 developers-and flatbottomed offers to management your actual demesne acquisition? Welcomed to the new improved property loan society that has fair rapt up the evaluate restraint and has included historical estate consultancy in its portfolio. After investigating […]

Close to retirement? Getting a loan won’t be easy

Banks need to be convinced about regular income for such loans. When Jamshedpur-based Siddhi Sharma approached a bank for a Rs 20-lakh home loan, she wasn’t sure of the response. With just six years to go for her retirement and pension the only source of income after that, she did not know how the bank […]