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 […]
Tag: State Bank Of India
Trump Jr. Plans $1 Billion Fund for India Property Acquisitions
July 22, 2008 – 4:29 am
Donald Trump Jr., whose father built a multi-billion dollar fortune in real estate, plans to set up a fund of as much as $1 billion to buy property in India, betting on the nation’s economic growth. New York-based Trump Organization Inc. also plans a residential and hotel project in Mumbai with a local partner to […]
SBI Recovers Two Thousand Crore Rupees’ Bad Loan
July 15, 2008 – 3:53 am
State Bank of India is likely to report an improvement in its asset quality when it presents its first quarter results. According to top SBI sources, the bank has recovered bad loans worth around two thousand crore rupees during April-June 2008. Top SBI executives, when contacted, refused to comment. SBI managing director S K Bhattacharya […]
Kerala Properties On Offer At Qatar Show
May 12, 2008 – 5:42 am
A lot of township development projects and designs of residential complexes in Kerala were displayed at a property show in Qatar which aimed at attracting investments from NRIs. Kerala Property Expo in Doha is featuring about 50 builders. The show organized by the Kerala Builders Forum (KBF), is sponsored by HDFC bank and State Bank […]
Realty stocks gain ground
April 29, 2008 – 5:49 am
Realty stocks, which opened on a subdued note this morning, are among the prominent gainers in afternoon trade. Mirroring investor interest for these stocks, the BSE Realty index has spurted 3.7% now. Sector heavyweight DLF has gained nearly 7% at Rs 715. Unitech, a Nifty component, has posted a gain of 4.6%. Penland, HDIL, Sobha […]
