Public Sector Banks - India Investment Property

Tag Archives: Public Sector Banks

Save money by shifting home loan to public sector banks

November 15, 2008 – 5:10 am

The Indian government is trying hard to bring down the interest rates in order to counter the economic slowdown. Indian finance minister, Mr. P. Chidambaram, met with heads of private as well as PSU banks and advised them to lower lending rates.
Expectedly, several public sector lenders were first to follow the advise. SBI have lowered [...]

By Rajani | Posted in Real Estate News | Also tagged Allahabad Bank, Bank Of Baroda, Bank Of Commerce, Bank Of India, Bps, Central Bank Of India, Citibank, Dena Bank, Economic Slowdown, Foreign Banks, Home Loan, Indian Finance Minister, Indian Government, Oriental Bank Of Commerce, P Chidambaram, Plr, Prime Lending Rates, Psu Banks, Syndicate Bank | Comments (0)

Home loan sales reviving

November 11, 2008 – 1:44 am

Bankers believe their strained home loan portfolios will see relief in the coming quarters, with interest rate cuts coming into force.
“We expect our home loan offtake to increase by 22 per cent y-o-y next quarter with the fall in interest rates,” said B.R. Pai, General Manager, Syndicate Bank. The bank, which has sixty-five hundred crore [...]

By Rajani | Posted in Real Estate News | Also tagged Bank Of India, Basis Points, Canara Bank, Confederation, Credai, High Interest Rates, Home Loans, Interest Rate Cuts, Liquidity, Loan Portfolio, Loan Portfolios, Loan Sales, Prime Lending Rates, Real Estate Developers, State Bank, State Bank Of India, Syndicate Bank | Comments (0)

Capital won’t be issue for big realtors

November 8, 2008 – 1:29 am

Fund-starved realtors may heave a sigh of relief. Banks are now considering loans to this sector on case-to-case basis, especially for those facing genuine liquidity problems.
The move follows Prime Minister Manmohan Singh’s assurance to the industry that liquidity should not be a problem for companies having good fundamentals. Leading bankers have started asking developers to [...]

By Rajani | Posted in Real Estate News | Also tagged Business Challenges, Credit Crunch, Director Finance, Liquidity Problems, Manmohan Singh, Market Situation, Prime Minister Manmohan, Real Estate Developers, Real Estate Developers Association, Real Estate Sector, Revenue Streams | Comments (0)

RBI Limits Private And Public Sector Banks For NRI Matters

June 28, 2008 – 1:26 am

NRI loan interest rate depends a lot on the reason of borrowing. When the reason is to invest in share or commercial immovable property market, the interest rate to be paid is higher than any loan borrowed by the NRI to be invested at an employment generating project.

By Rajani | Posted in Real Estate News | Also tagged Apex, Apex Bank, Assets, Capital Markets, Commercial Real Estate, Immovable property, Loan Interest Rate, Loans, Private Sector Banks, Productive Sectors, Retail Lending, Retail Sector, Speculation | Comments (2)

Loans to get cheaper as SBI cuts rate again

February 21, 2008 – 3:41 am

SBI has decided to cut the home loan repayment rate. After going up for months, EMIs are set to come down. This follows a decision by four public sector banks, led by SBI, to cut their prime lending rates further by 0.25% to 0.50%. SBI’s new PLR will be 12.25%, effective from February 27. Canara [...]

By Rajani | Posted in Real Estate News | Also tagged Bank Of India, Borrowers, Canara Bank, Car Loans, Economy, Home Loans, Inflation, interest rates, Loan, Repayment Rate, Sbi, Union Bank | Comments (0)