HDFC bank
Investors are betting big on a quick recovery for the economy — the Sensex surged 310.63 points on Tuesday to close near its lifetime highs — but corporate profits this earnings season have, at best, been a mixed bag. Disappointments so have outnumbered the surprises by a wide margin in the three months to June [...] Continue Reading »
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 »
Chennai- Recently, a luxury home show was held in Chennai for two days. This show was hosted by one of the premier housing finance company of India, HDFC. In order to make this show more important and discussion oriented there were 12 exhibitors. This luxury show saw a great response from corporate executives and High [...] Continue Reading »
One of the leading banks in India, HDFC Bank is planning to buy an office space of approximate 1.3 lakh sqft at Lower Parel. The building is situated in Peninsula Business Park at Lower Parel in Central Mumbai and is spread over four floors. As per reports, the bank is paying around Rs 17,000 per [...] Continue Reading »
ICICI, HDFC and Vijaya Bank have joined the race to cut rates for the festival season, in a series of efforts by lenders to boost home market. The lenders have cut their rate by up to 100 basis points on their home loans. Under the festival scheme, ICICI Bank will offer home loans of Rs [...] Continue Reading »
The Chennai Corporation added more banks to its current list of six banks authorised to collect property tax. Currently the six banks receiving property tax are – Indian Overseas Bank, City Union Bank, Karur Vysya Bank, Canara Bank, ICICI Bank and Axis Bank. Now HDFC Bank and the IDBI Bank are added to the list. [...] Continue Reading »
Shares in State Bank of India fell 1.1 percent as a result of their declaration to cut home loan rates for new borrowers. SBI cut its rate on auto loans to 10.75 percent from 11.25 percent, while cutting home loans to a range of 10.25 percent to 10.4 percent depending on the lent amount. The [...] Continue Reading »
Banks are the major source of funds for the realty sector in India. Due to steady downfall in demand, the real estate companies were not able to repay their bank loans. In a report submitted to the Lok Sabha, it is reported that almost 7 lakh crore of bank loans are still to be paid [...] Continue Reading »
An initiative taken by State Bank of India (SBI) is a ray of hope for home buyers in this era of highs! SBI has cut procession fees by half on home loans making it generous enough for the buyers. The new charges launched has been made effective from January 11, 2012. The bank has thought [...] Continue Reading »
The rising interest rates in Mumbai have an impact on home loans. Home loan borrowings have gone up by 21% since March 2010. The property prices have remained relatively subdued in several sectors. Reserve Bank of India have been tracing the latest data that have aggregated home loans by the commercial banks rose 21% till [...] Continue Reading »
