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Bankers

Bank lending to subsidiary eased, good for infrastructure projects

Bank lending to subsidiary eased, good for infrastructure projects
Banks can provide infrastructure lending to special purpose vehicles (SPV) on the basis of the guarantees or security provided by a holding company. The Corporate Affairs Ministry has clarified that for loans made by a bank to a subsidiary company, a holding company can (without any limit) give guarantee or provide security. Bankers say that [...] Continue Reading »

No takers of loan as banks are ready to provide!

No takers of loan as banks are ready to provide!
Banks are ready to provide loans to business industries, however, there are no takers! Individuals who desire home loans can buy residences which are worth Rs 20 lakh and much more, in any other case it’s going to be invalidated on flimsy ground. The largest bank SBI is actually resting with a big bin. It [...] Continue Reading »

Home loan rates slashed by DHFL

Home loan rates slashed by DHFL
DHLF the mortgage lender has cut its home loan lending rates by 0.25 per cent across categories for new customers. This is the second time the lender reducing interest rates within a month. It said in a statement that the variable rate of interest for loans of up to Rs 15 lakh has been cut [...] Continue Reading »

Buyers have to pay EMIs also after the initial investment in the Noida Land

Buyers have to pay EMIs also after the initial investment in the Noida Land
When Supreme Court upheld an Allahabad high court order cancelling the land acquisition in Sahberi village, the builders had offered to relocate the initial 6000 homebuyers out of 26000. But still buyers have little prospect of relocating to another apartment in the same area and on top of that they will also have to keep [...] Continue Reading »



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