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A meeting of the investment committee will be convened later this month to get an approval, Bank of Baroda said in a regulatory filing on July 7.
Banks will need to increase interest rates on deposits but this higher cost of funds will put pressure on their net interest margins
The report by NoBroker, an online platform that helps people find rental houses, says that while companies raised their headcount in the last two years, construction of housing projects has been delayed due to various reasons, which has contributed to the rise in rents.
Assess your EMI affordability before applying for a home loan, make a higher downpayment, and improve your credit score.
Public sector banks have the highest proportion of subprime borrowers, the riskiest of retail category characterized by low credit scores,
Data from the Reserve Bank of India (RBI) shows that about 9.3 percent of MSME loans had turned bad by March 2022. That is lower than the delinquency ratio of 10.8 percent in FY21.
Students can obtain education loans once they secure admission letters is one of the biggest misconceptions, Arindam Sengupta of Edufund tells Preeti Kulkarni
On April 13, SBI Chairman Dinesh Khara had said that the bank will likely see more than 10 per cent loan growth in FY23.
A modification in interest rates for Bajaj Housing Finance's products has been announced. For salaried and professional applicants, the company's house loan interest rates currently begin as low as 7.20 percent * p.a., making them one of the most competitive on the market right now.
The new branches will be “phygital” relationship centres, the MD said.
Financial institutions process education loan applications after evaluating the admission letter because education loan amount varies with the country, program you have applied for, university offering the admission and several other factors.
Home-loan borrowers are bracing for higher interest rates as inflationary pressure prompts the Reserve Bank of India to tighten monetary policy. On June 9, HDFC increased its retail prime lending rate by 50 basis points. It was the fourth time in a month that HDFC hiked its home loan rate
Over a ten-year period, the share of home loans in total bank credit has increased by 5 percentage points, despite adverse interest rate cycles.
Kotak Mahindra Bank and ICICI Bank have also hiked their interest rates recently.
Look at cutting your expenses to voluntarily pay higher EMIs, use annual bonuses to prepay part of your loan
Even as the RBI has cumulatively increased repo rate by 90 bps in a little over a month and with expectation of further rate hikes, credit demand is expected to remain buoyant, bankers say.
For depositors, this signals a further increase in their deposit rates, but high inflation means that real returns will remain muted
First, estimate your expenses after some thorough research. Then budget for them before departure. You will need to factor in pre-departure expenses, external coaching fees, deposit for rented accommodation and other costs.
Ten banks, all state-owned, offer interest rates of 6.75-7.3 percent on education loans of Rs 20 lakh with a seven-year repayment tenure
As on March 31, Anand Rathi Global Finance’s net loan book stood at Rs 2,234 crore, up 58 percent on year.
Home loan lenders allow borrowers to prepay their entire outstanding balance or part of it. On making prepayments, borrowers can either opt for EMI reduction or tenure reduction.
Here are the Key Money and Operational Changes that will Come into Effect from June 01, 2022:
The decision to invest in single or joint portfolios can be made based on individual preferences, risk profiles and tax considerations which also determine the asset allocation and choice of asset classes.
