ICICI Bank
Great time ahead for the countries needing economic assistance. Godrej Properties Ltd, a renowned real estate firm has recently teamed up with leading lender of India, ICICI Bank to develop projects and give financial help abroad. They have signed an agreement for the same. Countries of South East Asia like India, Singapore, UAE and also [...] Continue Reading »
State Bank of India (SBI) is said to be the largest lenders in home loan banking company in India. This sector has come forward in providing 25basis points of discount to the prevailing home loan rates over this festival season. This offer scheme has been encouraged out by other banking sectors such as; HDFC bank [...] Continue Reading »
State Bank of India has gone through teaser loan scheme by the Reserve Bank of India (RBI) in early 2009 but now ruled out relaunching a dual rate scheme for home loans due to its paying a stiff price in the form of huge provisioning. ICICI Bank and HDFC have already come up with teaser [...] Continue Reading »
ICICI Bank on Tuesday said its recently launched fixed-rate home loan scheme would not attract the higher provisioning mandated for teaser-rate housing loan products and the rates are “fixed” only for an initial period of one and two years. According to the bank, the fixed rates will “shield customers from frequent changes in home loan [...] Continue Reading »
Several banks had reduced their yearly business growth targets following slowing in credit offtake on account of increasing interest rates. The Reserve Bank of India has raised policy rates 11 times in the past 16 months, making funds dearer. Banks are looking to boost credit growth, which has suffered due to high interest rates. Most [...] Continue Reading »
ICICI Bank will offer customers the option to choose a fixed rate of interest for one or two years, after which it will charge applicable floating rate depending on its base rate. The bank’s base rate is at 10% now. Customers opting for the product, which would be available from Friday, would have to pay [...] Continue Reading »
