Oriental Bank of Commerce
State-owned Oriental Bank of Commerce (OBC) today cut home loan rate by 0.5 percent to 10.25 percent. The bank has reduced the interest rates on home loans of above Rs 75 lakh by 0.5 percent from 10.75 percent to 10.25 percent, OBC said in a statement. Now, all home loans irrespective of loan amount are [...] Continue Reading »
An official says that the IL&FS Financial Services expect to collect $1 billion of its targeted $5 billion infrastructure debt fund by September. The IL&FS Infra Asset Management which manages the infrastructure debt fund has planned to collect around $1 billion and hopes to increase the overall amount of $5 billion under management in the [...] Continue Reading »
Both public and private, twenty five lenders, have secured an option to gain control over the sick infrastructure firm Lanco Infra, following one of the largest corporate debt restructuring (CDR) ,by conversion of 3,024 crore of loans into equity which involves 11,155 crore. In a communication, seeking the approval of shareholders for the issue of shares [...] Continue Reading »
New Delhi- Oriental Bank of Commerce has slightly reduced interest rate on home loans of up to Rs 30 lakh by 0.1 percent. Home loans will now be available 10.40 percent with an EMI of as low as Rs 937 per lakh. The state owned bank has announced this offer as a new year gift [...] Continue Reading »
Delhi/NCR: The complaints of the residents over travelling a long distance to pay tax has paved way as the tax payment has been made easier by the MCG. The Municipal Corporation of Gurgaon (MCG) has come up with a decision to revamp the complete house tax payment system. The MCG has merged with various private [...] Continue Reading »
Festive season has triggered initiatives to boost home sales. Banks and builders have come up with lucrative offers for home buyers. Several banks have cut rates on home loans by 25-50 basis points and real estate developers are offering discounts on under-construction and ready for possession properties. Bank of Baroda, Allahabad Bank, Central Bank of [...] Continue Reading »
