ICICI Bank
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 »
Following the the State Bank of India (SBI), Syndicate Bank, Indian Overseas Bank and Union Bank of India, state-run Punjab National Bank has also announced a reduction in its interest rate on housing loans by 25 basis points across the board. Now a potential customer can take a 15-year floating rate loan of Rs. 20 [...] Continue Reading »
Retail loans may turn cheaper as country’s central bank, Reserve Bank of India (RBI) has announced a reduction of one percentage point in Statutory liquidity ratio (SLR) for banks. Retail customers may get the benefit of lower lending rates as banks may reduce rates on retail loans. The lower SLR, which is the proportion of deposits banks [...] Continue Reading »
ICICI Bank has planned a particular kind of home loan to cater to the needs of Non-Resident Indians (NRIs) who plan to buy properties in India. ICICI Home Loan to NRI offers an extensive range of products considered to facilitate NRIs to buy or build their long dream home in homeland. The bank has specific [...] Continue Reading »
ASK Group’s realty private equity arm ASK Property Investment Advisors said it has raised a real estate fund of Rs 1,000 crore. ASK Group collected money from high net worth individuals (HNIs) and Ultra HNI investors across 10 cities in India in a partnership with private banking arms of institutions such as ICICI Bank, Future [...] 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 »
After State Bank of India, ICICI Bank and Central Bank of India, Punjab and Sind Bank has followed suit avoiding pre payment penalties. Now borrowers who have taken home loans from these banks can pay before the time without worrying about the penalties. This initiative was taken viewing the borrowers will to repay the loan [...] 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 »
Soon, paying property tax in Chennai is going to be an easier task, thanks to the city corporation. The Chennai Corporation has taken this initiative of appointing at least five public and private sector banks for collecting payment of property tax. The facility is planned to be launched after Pongal. The participating banks would be [...] 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 »
