The National Housing Bank plans to allow senior citizens to mortgage their residential property to a bank or a housing finance company while retaining the right to stay, with an aim to providing a steady income to them.
Customers who still want to go in for a loan are opting either for longer maturity plans or making higher upfront payments to control their monthly outgo on loan repayments.
Bankers pay a small price for their misdeeds, no matter how large the cost to their banks or to the economy at large, says TT Ram Mohan.
Domestic air passengers traffic logged a 20.1 per cent growth in the January-September period.
IFMR Capital previously pioneered the multi-originator securitisation.
In an email interview with Ranju Sarkar, International Finance Corporation's South Asia director Mengistu Alemayehu explains why the firm is bullish on building affordable homes in India.
Dewan Housing launches reverse mortgage for senior citizens.
Here are three questions you must answer before you even start house hunting.
The friction with the political class is not only about interest rates and monetary policy. While the government often spoke freely about its discomfiture, the RBI had to be careful even in its response to the government as any loose statement would affect the markets.
The fund is to invest in income generating assets such as malls, office complexes among others.
Banks charging high interest rate is acceptable, but what isn't is that they do not tell their borrowers the real rate that is being charged.
Delhi police has approached the US-based woman to file a complaint for the alleged indecent behaviour of Shiv Kumar Yadav, the accused in the Uber rape case, on November 26 when she had taken his cab during her India visit.
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Delhi police has recovered the iPhone which was provided by Uber to the driver accused of raping the 27-year-old finance company executive on Friday night inside the cab which she had booked through the company's app.
Larsen & Toubro Ltd said on Tuesday the country's leading housing finance company Housing Development Finance Corporation and HDFC India Real Estate Fund will acquire a 25 per cent stake in L&T Urban Infrastructure Ltd.
Ponzi schemes have characteristics that the informed investor can spot easily.
Shifting to a PPP model could repeat the errors of the past
Infrastructure equipment and finance company SREI International Finance, along with its associate company Indian Infrastructure Equipment, has struck a deal with Tata Motors for 10,000 vehicles.
About Rs 2,000 crore of realty money has flown into stocks in the National Capital Region in the months after demonetisation.
Here's how to go about applying for a home loan.
Total income on consolidated basis rose to Rs 14,726.18 crore.
Do you think staying in a rented house is better than buying a house at the moment? Is it advisable to possess a piece of property no matter what? Or is it okay to be happy with your house on rent?
White labeled ATMs are set up by private non-bank companies that own and operate their own brand of ATMs.
In the first of its kind initiative, mobile handset major Motorola has tied up with GE Money for financing handsets.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
Banks have issues with their balance sheet profiles, say PSB executives.
PMAY-Gramin, which was launched in November 2016, aims to construct 10 million homes by March 31, 2019, with private sector and state government participation
'Indian non-bank lenders stand exposed to a deteriorating credit quality environment.' 'Such a deterioration could put at risk the value of NCDs purchased by the mutual funds and expose investors in bond and liquid funds to a risk of capital loss.'
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
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