Finance : CHAPTER 1 – INTRODUCTION 1.1 ABSTRACT Developing countries in the world there are very less financial structure where many peo...
Income Tax : The Income Tax Act, 1961 does not contain specific provisions relating to Housing Finance Companies (HFCs). Thus, all the general ...
Company Law : In this Flash editorial, the author begins by referring the provisiosn of National Housing Bank, Housing Finance Companies. Author...
Finance : Your Home Loan is a secured loan. Compared to unsecured loan options, this huge loan comes at a comparatively less rate of interes...
Finance : We’ve all probably dreamt of a dream home at some point in our lives. If youre a step ahead, youve probably seen some of the bes...
Corporate Law : The levy of a penalty by banks and housing finance companies for foreclosure of home loans does not amount to abuse of dominant po...
Finance : The super built-up area has now been given a new nomenclature: useable area. While earlier, a builder would present the entire are...
SEBI : Capital market regulator Securities and Exchange Board of India (Sebi) on Thursday eased norms for security, or the asset cover, r...
Finance : Earlier, the entities that fell under the ambit of the law included only chit fund companies, banking companies, financial instit...
Finance : Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-pa...
Finance : The housing finance regulator said Housing Finance Companies will no longer levy any fee on floating rate loans. In case of fixed ...
Fema / RBI : The Reserve Bank of India (RBI) on Wednesday withdrew the special short-term foreign currency borrowings facility for non-banking ...
Fema / RBI : Please refer to paragraph 7.5 of our Master Circular dated July 1, 2009 on Lending to Priority Sector, in terms of which loans gra...
As per the Reserve Bank of India (RBI)’s guidelines on lending to Priority Sector, the following types of home loans extended by the Scheduled Commercial Banks (SCBs) are eligible to be classified as Priority Sector Advances :- i) Loans upto Rs. 20 lakhs, irrespective of location, to individuals for purchase/constructi on of a dwelling unit […]
Competition is again hotting up in the home loan segment. With home sales falling, banks and housing finance companies are on an overdrive to expand their credit portfolio, leading to claims and counter-claims. Even as other PSU banks have quietly started following the SBI way to freeze home loan rates at 8 per cent for […]
