Home finance
The home-loan figures released by home financiers for the first quarter of fiscal 2014-15 have revealed that potential home buyers are no longer postponing their decision to purchase a home. According to the statistics shared by mortgage bigwig HDFC, the company witnessed a year-on-year growth of 23 percent in its retail home loan book during the [...] Continue Reading »
Kerala-based gold loan firm Manappuram Finance has diversified with the acquisition of Milestone Home Finance Company from Jaypee Hotels. VP Nandakumar, MD & CEO of Manappuram Finance informed that entire acquisition would cost the company Rs 10 crore. He added that the acquisition would result in diversification of the group into home finance. The group’s [...] Continue Reading »
The investors’ demand for non-convertible debentures (NCDs) remains high as s companies offer high coupon rates. In 2013-14, around Rs 33,842 crore have been raised by companies through NCDs and tax-free bonds, almost twice the amount of Rs 16,982 crore companies raised in 2012-13. In the current year, tax-free bonds have been high in demand [...] Continue Reading »
In the year 2011, private banks were the huge lenders in home finance who continued to impose increasing penalty on the loan borrowers throughout the year. To ease the home loan environment, ICICI Bank a private home loan financing company waived pre-payment charges on floating rate home loans for the existing as well as for [...] Continue Reading »
