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Syndicate Bank

86 acres bought by Polyhose near Chennai

86 acres bought by Polyhose near Chennai
The country’s largest manufacturer of hydraulic, industrial and automotive hoses, Polyhose India has gained 86 acre land parcel which earlier belonged to Presidency Kids Leather, nearby Chennai. Under the SARFAESI Act the land was acquired through an auction conducted by Syndicate Bank. The deal size is said to be close to Rs 100 crore, including [...] Continue Reading »

High home loan NPAs in public sector banks under lens

High home loan NPAs in public sector banks under lens
To grow their secured credit portfolio, Banks usually believe housing loans the best bet. Whereas that is frequently the case, some public sector banks have reported higher level of non-performing assets (NPAs) in their housing loan book. At six public sector banks, the finance ministry has showed concern over high home loan NPAs counting the [...] Continue Reading »

Home loans cheaper in PSU banks

Home loans cheaper in PSU banks
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 »

Real estate exhibition held in Chennai

Real estate exhibition held in Chennai
The 10th edition of Eyeball’s Budget Home 2012 was recently held at the Chennai Trade Centre. The three-day property expo was organised by Eyeball Media Private Ltd, a prominent organiser of lifestyle events. Budget Home 2012 was designed to offer a wide range of affordable properties to the home buyers. The organisers expected a footfall [...] Continue Reading »



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