Finance : As we all know a bank is a financial institution licensed to receive deposits and make loans. Banks many also provide financial se...
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...
Fema / RBI : 1. For what purposes can I seek a first time home loan?You can generally seek a first time home loan for buying a house or a flat,...
Income Tax : The Finance Minister announced a slew of amendments on both income-tax and service tax fronts to achieve the objective of generati...
Fema / RBI : Discussions were held between the Indian Banks’ Association representing Managements of Banks and the authorized represent...
Finance : Housing prices have declined in eight major cities by up to 15% during January-March period of this year due to a slowdown in prop...
Fema / RBI : The National Housing Bank today said there has been a slowdown in the growth of housing loan uptake due to higher interest rates a...
Income Tax : Union Finance Minister Shri Pranab Mukherjee held a meeting with Financial Sector stakeholders to get their inputs for General Bud...
Finance : Bringing prudence in lending to home borrowers, the Reserve Bank of India (RBI) today increased provisioning for teaser loan rates...
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...
Income Tax : NOTIFICATION NO. 93/2008, DATED 30-9-2008 Reverse Mortgage means mortgage of a capital asset by an eligible pcrscn against a loan ...
As we all know a bank is a financial institution licensed to receive deposits and make loans. Banks many also provide financial services, such as wealth management, currency exchange and safe deposit boxes. There are two types of banks: Commercial/ retail banks and investment banks.
In this Flash editorial, the author begins by referring the provisiosn of National Housing Bank, Housing Finance Companies. Author tries to discuss the conditions for registration of Housing Finance Company with NHB. It is worth noting that amidst the gradual development of demand in the housing finance sector, the corporate houses have made a significant move in order to grab the win-win situation.
Your Home Loan is a secured loan. Compared to unsecured loan options, this huge loan comes at a comparatively less rate of interest. However, when you consider the large amount and the long tenure it takes to pay off the loan, even this low interest rate can cost you a lot.
Discussions were held between the Indian Banks’ Association representing Managements of Banks and the authorized representatives of Workmen Unions and Officers’ Association, on wage revision for officers in banks on 23.02.2015 at Mumbai. After holding several rounds of discussions. the parties have mutually agreed as under: 1. The wage revision will be effective from 1.11.2012 […]
1. For what purposes can I seek a first time home loan?You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for a second house. Please remember to seek specific clarifications on the above-mentioned issues from your commercial bank.
Housing prices have declined in eight major cities by up to 15% during January-March period of this year due to a slowdown in property demand, according to the latest data of the National Housing Bank. The prices, however, have increased in six cities, including Delhi, while rates remained flat in Patna.
The National Housing Bank today said there has been a slowdown in the growth of housing loan uptake due to higher interest rates and rising property prices. Traditionally, growth in housing finance loans was witnessed at 25 per cent each year for four consecutive years before the slowdown began, NHB Chairman and Managing Director R V Verma told reporters on the sidelines of the 26th Skoch Summit here.
Union Finance Minister Shri Pranab Mukherjee held a meeting with Financial Sector stakeholders to get their inputs for General Budget 2011-12, here today. This was the sixth meeting in the series of pre-Budget consultations held by Finance Minister w
Bringing prudence in lending to home borrowers, the Reserve Bank of India (RBI) today increased provisioning for teaser loan rates by 160 basis points, from 0.4 per cent to 2 per cent. For the first time, the central bank has sought to curb excessive
The government will devise a national procurement law that will clearly lay down principles to make the process for all organisations, including PSEs, transparent and competitive to minimise bidder collusion and frauds.
