Budget 2020

Will RBI’s relaxed loan-to-value rules make home loans cheaper?

By DK Agarwal RBI has rationalised the risk weights and link them to loan-to-value (LTV) ratios for all new home loans sanctioned up to March 31, 2022. This is expected to make the product attractive for both borrowers and lenders. According to RBI, retail housing loans will attract a risk weight of 35 per cent, […]

Budget 2020

SBI home loan interest rate: SBI announces festive season interest rate concession up to 25 bps on home loans: Check details here

As part of its festive offer, the State Bank of India (SBI) has announced a concession in home loan interest rates by up to 25 bps. According to the SBI press release issued on October 21, 2020, home loan customers would get an interest concession of 25 bps for buying a home of above Rs […]

News Headlines

Government decides to waive interest on loans up to Rs 2 crore

By: Express News Service | New Delhi | Updated: October 4, 2020 3:20:51 am The Centre has told the Supreme Court that it has decided to waive compound interest on MSME and personal loans up to Rs 2 crore for the six-month period. (Representational Image) Stating that a complete waiver of interest for loan repayments […]

Budget 2020

Bank credit up 5.26 per cent, deposits by 11.98 per cent: RBI data

Bank credit grew 5.26 per cent to Rs 102.24 lakh crore while deposits rose 11.98 per cent to Rs 142.48 lakh crore in the fortnight ended September 11, according to RBI data. In the fortnight ended September 13, 2019, bank credit was at Rs 97.13 lakh crore and deposits at Rs 127.22 lakh crore. In […]

Budget 2020

Demand for gold loans rises in south India despite surging Covid cases

Demand for gold loans has increased in Kerala since the Onam festival, even as the state is also witnessing a surge in Covid-19 cases. Loan demand is strong also in other southern states, which are reporting high Covid-19 caseloads. While top executives at gold loan companies citied health-related expenses and cash demand amid job and […]

Budget 2020

One year later, PMC Bank depositors still struggling to get their money back

Mumbai: For depositors of the tainted Punjab and Maharashtra Cooperative (PMC) Bank, the situation is not very different from what it was almost a year ago when the RBI placed withdrawal restrictions on the bank after the mega scam involving misreporting of loans with senior bank officials’ involvement came to light. Exactly one year ago, […]

Budget 2020

Home loan enquiries top last year’s level

(This story originally appeared in on Sep 23, 2020) MUMBAI: The strict lockdown in the first quarter of the current fiscal resulted in creating pent-up demand for home and auto loans, which is finding expression now. According to TransUnion Cibil data, home loan inquiry volumes in July and August have recovered to exceed last year’s […]

News Headlines

How to manage your money in the times of slowdown

Shikha is a single mother who finds that after accounting for regular household expenses, she is left with too little to save. The pandemic has taken a toll on her consultancy venture. She is trying to curtail expenses as much as she can, however, being unable to indulge her only son has her worried and […]