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Axis Bank

Banks to issue long-term local currency bonds: infrastructure projects and affordable housing to get new boost

Banks to issue long-term local currency bonds: infrastructure projects and affordable housing to get new boost
The global rating agency Moody in its report mentioned that the Reserve Bank of India (RBI) new regulations which were issued last week which allowed the banks to issue long-term local currency bonds are considered as ‘credit positive’. Moody’s vice-president SrikanthVadlamani and associate analyst Nick Caes giving further insight on this development mentioned that these [...] Continue Reading »

Among world’s most powerful public cos are Reliance Industries, SBI, 52 other Indian firms.

Among world’s most powerful public cos are Reliance Industries, SBI, 52 other Indian firms.
With Chinese companies occupying the top three slots on the list. Mukesh Ambani-led Reliance Industries (RIL) leads the pack of 54 Indian companies in Forbes’ annual list of the world’s 2000 largest and most powerful public companies. The Forbes ‘Global 2000′ is a comprehensive list of the world’s largest, most powerful public companies, as measured [...] Continue Reading »

Asha Home Loans by Axis Bank

Asha Home Loans by Axis Bank
Axis Bank, India’s third largest private sector bank, on the occasion of its 20th Anniversary launched ‘Asha Home Loan’ earlier this week. This is a 30-year home loan product for first-time home buyers in the lower income segment looking for affordable EMIs. Asha Home loans are for customers with family incomes of 8000-10,000 per month [...] Continue Reading »

Axis introduces home loan scheme for people earning below Rs 10000

Axis introduces home loan scheme for people earning below Rs 10000
A senior bank official says that Axis Bank has launched a home loan scheme for the people whose per month income is less than Rs 10,000 per month. The bank is looking at disbursals of up to Rs 1,000 crore in a year’s time However these loans will have higher risk due to as the [...] Continue Reading »

Airport Express problems may be solved by end of month

Airport Express problems may be solved by end of month
The problem regarding the Delhi Airport Express Metro Line is going to be solved by the end of this month. The Election Commission has given special permission to the government to conduct the meeting of the Empowered Group of Ministers that will going take the decision regarding the problem related to Delhi Airport Express Metro [...] Continue Reading »

Tata Housing plans retirement homes in eight cities

Tata Housing plans retirement homes in eight cities
Recently, Tata Housing declared it is planning to invest Rs.1, 200 crore for developing 13 housing projects for senior citizens in the next five years. In Bangalore by the name of  Riva Residences, the company had already launched its first project and work for similar projects would soon commence in more cities, including Chennai, Ahmedabad, [...] Continue Reading »

Final decision soon on debt, operations of Airport Metro line

Final decision soon on debt, operations of Airport Metro line
An empowered group of ministers (EGoM) headed by Defence minister AK Anthony will take a final decision on Wednesday, regarding issues related to the operation of the Delhi Airport Express Metro Line and its debt. A senior government official said, “The EGoM will decide whether to go for a new concessionaire or not and who’ll [...] Continue Reading »

Lenders Likely to Take Control of Lanco Infra

Lenders Likely to Take Control of Lanco Infra
Both public and private, twenty five lenders,  have secured an option to gain control over the sick infrastructure firm Lanco Infra, following one of the largest corporate debt restructuring (CDR) ,by conversion of  3,024 crore of loans into equity which involves 11,155 crore. In a communication, seeking the approval of shareholders for the issue of shares [...] Continue Reading »

Jones LaSalle raises funds for residential projects

Jones LaSalle raises funds for residential projects
Jones Lang LaSalle, a Global real estate services firm, raised Rs 161 crore.  The fund is focused on residential sector in India — Residential Opportunities Fund I – and is a six-year, close-ended private equity fund. It will invest Rs. 25-30 crore and target 25-30% returns, informed a senior executive. The fund will be will [...] Continue Reading »

SBI cuts processing fee on home loans

SBI cuts processing fee on home loans
In order to attract customers and beat competition, State Bank of India (SBI) has cut processing fee on home loans, which is till December 31 this year. SBI’s processing fee cut will affect it’s rivals like HDFC, ICICI Bank and Axis Bank adversely, since it has already cut it’s home loan rates. In order to [...] Continue Reading »



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