Suitors line up to buy IDBI home loan arm
Bank to shortlist buyer soon; sale aimed at consolidating mortgage finance business.
2008-11-09 16:05:16Mayawati to waive loans for SCs
By OUR SPECIAL CORRESPONDENTLucknowNov. 8: The Mayawati government has decided to waive-off loans amounting to Rs 120 crores taken by 7.5 lakh poor under the self-employment...
2008-11-08 20:39:31Bernanke says GSE debt backing must be maintained
BERKELEY, California Reuters - Federal Reserve Chairman Ben Bernanke said on Friday that U.S. backing for the debt issued by home mortgage...
2008-11-08 05:06:16Tesco boss put pressure on Bank to cut rate
The boss of Britain's biggest supermarket chain put pressure on the monetary policy committee to slash interest rates at a private meeting...
2008-11-08 02:22:40Nigeria: NSE Urges Government to Engage Indigenous Engineers
ASO Savings and Loans Plc has introduced a tailor-made home finance solution called 'My House Account; a targeted savings account with a minimum of 6 month's equity savings period at an attractive interest rate.
2008-11-07 08:40:17State Bank of India cuts interest rates by 75 basis points
BUS7Business/EconomyState Bank of India cuts interest rates by 75 basis pointsMumbai, Nov 6 IANS The cost of credit for households and the corporate sector is all set to fall as the State Bank of India SBI, the country's largest bank, has cut its prime lending rate by 75 basis points."The cut by 75 basis points should be announced later today," SBI chairman O.P. Bhatt told reporters on the margins of a banking conference here Thursday.The move follows the assurances given by the state-run banks to Finance Minister P. Chidambaram Tuesday on lowering interest rates after the Reserve Bank of India cut key rates to lower the cost of borrowings for commercial banks.The Union Bank of India, the United Bank, Punjab National Bank, Bank of Baroda, Canara Bank, Bank of India and Syndicate Bank, among others, have also cut their prime lending rates by 0.75 percent.The benchmark prime-lending rate determines the interest rates on borrowings by the corporate sector, as also for households on loans taken to buy cars, homes or consumer durables.--Indo-Asian News Serviceap/jg184 Words*06111305
2008-11-06 03:07:11Home loan rate may fall 0.75%
BY OUR CORRESPONDENTMumbaiNov. 5: Union Bank of India, Punjab National Ba-nk and Bank of India have cut their lending...
2008-11-05 12:10:46Home finance cos may breathe easy
NHB set to allow external commercial borrowings and separate lending window at cheaper rate.
2008-11-05 00:12:44Don't Miss This Chance to Pick a Better Health Plan
While you're caught up in watching the stock market ricochet or worrying about the current market value of your home, don't forget the mundane matter of your personal finances...
2008-11-04 09:30:38Brother of Afghan minister kidnapped in Pakistan AP
AP - Gunmen in Pakistan kidnapped the brother of Afghanistan's finance minister as he was returning to his mother's home from prayers, Afghan officials said Sunday.
2008-11-02 13:00:00
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