Budget 2020

LIC Housing Finance disburses Rs 1,331 crore of loans via mobile app

on Friday said it has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year. It said the ‘Homy’ app facilitated 14,155 customer home loan applications since its launch on February 14, 2020. More than 7,300 of these customers have had their home loans sanctioned. Of these, loans were […]

News Headlines

Which financial ratios tell you best about the health of a bank

The banking sector truly reflects the health of the economy. A bank must maintain a balance between growth and risk. Analysis of banking stocks is not like analyzing stocks of any other business. Banks get funding through deposits or debt in order to have liquidity to extend as loans and to invest to generate treasury […]

Budget 2020

Delhi Cooperative Housing Finance Corporation slashes interest rates on housing loans

NEW DELHI: The Delhi Cooperative Housing Finance Corporation Limited has slashed interest rates on housing loans from 7.45 per cent to 6.75 per cent, an official statement said on Monday. The move comes days after the Delhi government reduced circle rates on properties by 20 per cent. Cooperative minister Rajendra Pal Gautam has instructed the […]

Budget 2020

5 things to know about secured and unsecured loans

1. Secured loans are backed by a collateral or security like house or car whereas unsecured loans have no collateral or security. 2. Secured loans have a lower rate of interest as compared to unsecured loans. 3. Unsecured loans are typically of short tenures whereas secured loans can be of medium to long tenures. 4. […]

Budget 2020

RBI repo rate kept unchanged: What FD investors, home loan borrowers can do now

The Reserve Bank of India (RBI), in its latest bi-monthly monetary meet held from February 3 to 5, 2021, has decided to keep the repo rate unchanged yet again. This is the fourth time in a row the apex bank has kept the key rates unchanged. The repo rate and reverse repo rate remain at […]

Budget 2020

Affordable housing gets further support as tax holiday extended by 1 year

MUMBAI: Supply of affordable housing is likely to increase with the government’s proposed extension of the tax holiday for such projects and additional deduction of Rs 1.5 lakh for loans taken for buying these homes by one more year until March 31, 2022. Finance Minister Nirmala Sitharaman has also allowed the tax exemption for notified […]

News Headlines

Easing credit: To fund growth cycle, a bad bank and a DFI

With non-performing assets (NPAs) set to rise in the wake of the economic slowdown induced by the pandemic, Union Finance Minister Nirmala Sitharaman Monday announced the creation of an asset reconstruction company/ asset management company (ARC/AMC) — popularly known as a “bad bank” — to clean up the books of banks. Sitharaman also proposed a […]

Budget 2020

Axis Bank to treat home loans of credit card defaulters as NPAs

(This story originally appeared in on Jan 28, 2021) MUMBAI: has said that those who get classified as defaulters on credit cards will see their home loans tagged as a non-performing loan as well. The bank has said that this is a part of its prudent provisioning practice in tackling troubled loans. From the lender’s […]