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Salaried employees

Banks prefer salaried people than businessmen for home loans: India Ratings Report

Banks prefer salaried people than businessmen for home loans: India Ratings Report
This is an age old belief that the salaried person has a steady income and the businessman a fluctuating one. Sometimes the businessman will be flooded with money, and sometimes he might even find it difficult to make the ends meet. Hence salaried people are preferred for matrimonial alliances too by the parents of the [...] Continue Reading »

RBI tightening Small Borrowers’ ability to repay Loans

RBI tightening Small Borrowers’ ability to repay Loans
According to recent finance ministry data that captures the performance of public sector banks, instances of home loan defaults contributing to gross non-performing assets (NPAs) was the highest in the category of loans up to Rs 2 lakh. The figure stood at six per cent in 2010-11, slightly lower than 6.4 per cent in 2009-10. [...] Continue Reading »



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