The country's largest housing finance company HDFC Ltd will merge with the country's largest private sector lender HDFC Bank, according to a regulatory filing. The scheme of amalgamation will be subject to various regulatory approvals, including from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), HDFC Bank said in the filing on Monday.
'I've spent a fair bit of time here in Bangladesh and at this ground and it definitely helps to have a little bit of experience.'
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
ICICI Bank is offering the salaried having an account with it, credit from Rs 500,000 going up to Rs 1 crore against property owned by them
Essentially, if you can boost of a healthy credit score ranging in and around 700 to 900 points - chances are very good that you might end up saving thousands or even lakhs of rupees in the form of interest.
A few important factors to keep in mind while applying for a home loan, and strategies to manage it, whatever your age.
International Finance Corporation will put in $200 million and HDFC will contribute $600 million to create $800-mn corpus for affordable homes
India captain Rohit Sharma on Friday said his team was not brave and lacked application in the third Test against Australia in Indore.
A mortgage is a great responsibility that you must bear on able shoulders for a long period of time. If you already have a mortgage or are planning to avail of one soon, you are obviously confident of your finances, but a few tips to save money on your home loan couldn't hurt, right? Read on to find out more!
In a mixed bag for HDFC Bank ahead of the parent HDFC's merger with itself, the Reserve Bank of India has declined to make exceptions on certain aspects, and has offered some leeway on others. The country's largest private sector lender, which is aiming to conclude the merger with the home finance major by July, had written to the central bank seeking certain forbearances after announcing the $40-billion merger in April last year. In an exchange filing this evening, HDFC Bank said it received a response from RBI on Thursday and also said that there are a few pending issues.
Former England captain Kevin Pietersen took to Twitter to say "Greetings India. Everyone is united in the fight against coronavirus and that everyone should listen to their government's instructions and stay at home for a few days. This is time to be smart."
Unadkat, who led the team to three premier domestic titles across formats in as many years, said 'this decade and era belongs' to Saurashtra.
The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.
Some of India's best-known royals gathered in New Delhi to watch the final of the Sir Pratap Singh Polo Cup, which is named after Sir Pratap Singh, the man credited with the foundation of modern polo in India.
PEs and VCs are taking a closer look at their bouquet of investments. Leading voices in the sector are categorical that cash-burn rates -- that's blowing up equity to acquire market share -- as a business model can't continue to be the polestar.
Stretchered off the field due to a career-threatening back injury against the same opponents at the same venue four years back, Hardik Pandya feels a "sense of achievement" after guiding India to a five-wicket win over Pakistan in their Asia Cup opener in Dubai on Sunday.
Ravichandran Ashwin said his plan to lure the Australian batters to play the drive and induce mistakes on a slow Nagpur pitch worked to perfection in the Nagpur Test.
'I am happy with my batting. I have kept my approach quite similar. I am happy with how I am going. I know a big score is around the corner.'
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
The advertisement carries Sena's bow-and-arrow symbol and images of Prime Minister Narendra Modi and CM Shinde. It has no image or photo of Shiv Sena founder late Balasaheb Thackeray, a noticeable departure going by its earlier publicity materials.
If Mr Modi is to be blamed for the post-Godhra riots, he should also be given credit for maintaining peace after the Akshardham and Ahmedabad terror attacks. The BBC will never tell you that, points out Colonel Anil A Athale (retd).
According to a 2021 Redseer report, India's overseas education market is estimated to more than double to $80 billion by 2024.
'If something unfortunate happens to an earning member, the family loses the crucial income which would have gone towards paying off debts, meeting the cost of children's higher education, or towards the upkeep of elderly parents.'
Be wary of co-operative banks which have historically been most vulnerable.
A 75-year-old French actor has alleged she is being held "hostage" in her house at Calangute in North Goa since earlier this week over a property dispute and finds herself in a "dangerous situation".
Images from Day 5 of the first Test between India and New Zealand, at Green Park in Kanpur, on Monday.
Mumbai Indians captain Harmanpreet Kaur feels that focussing on winning crucial moments of matches and not the ultimate prize worked for her side.
Listed housing finance companies (HFCs), as a group, posted a 3.7 per cent drop in second-quarter (Q2) profit year-on-year (YoY) to Rs 5,830 crore and 19 per cent sequentially on rise in interest expenses and uptick in provisions and write-offs. Operating income rose 13.7 per cent YoY to Rs 54,086 crore in Q2 of 2022-23 (FY23). Sequentially, income was up 62.3 per cent, from Rs 33,331 crore in the first quarter (Q1) of 2021-22 (FY22).
Before taking the plunge and being a co-applicant, make sure that you are aware of the rights and responsibilities that come with it!
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Madhya Pradesh pacer Avesh Khan, who earned a national call-up for the T20 series against New Zealand on Wednesday said that his dream to represent the country has been fulfilled.
It makes sense to shift to a home loan provider offering a lower interest rate or make occasional prepayments by using bonuses or other windfalls, says Sanjay Kumar Singh.
Modi claimed that some other parties were also helping the opposition alliance from behind but any vote for them will take Tripura several years backward.
The lower interest rates charged by the State Bank of India (SBI) are contributing to a growth in its home loan portfolio at a time when the sky-rocketing real estate prices have slowed the credit demand. While fresh loans for buying houses are growing albeit at slow pace, buying out other banks' home loans is helping the public sector bank to strengthen its home loan book.
'The BJP think they are running an ideology machine in this country, and they have to convert everyone, from people to parties to party leaders.'
Images from the IPL 2023 match between Kolkata Knight Riders and Chennai Super Kings played at the Eden Gardens in Kolkata on Sunday.
Prime Minister Narendra Modi has created such an atmosphere in Kashmir that any Indian can hoist the national flag with pride at Lal Chowk in Srinagar, the Bharatiya Janata Party said on Sunday and asked Congress leader Rahul Gandhi to thank him for the change in the Valley.
Prime Minister Narendra Modi on Friday urged bureaucrats to make national interest the sole basis of their every decision, saying the country has put its faith in them and they must uphold that trust.
Private sector lender ICICI Bank has revised its external benchmark lending rate (EBLR) to 8.10 per cent, and state-owned Bank of Baroda has raised the rate to 6.90 per cent with immediate effect after the RBI hiked the key repo rate. Likewise, two other public sector banks -- Bank of India and Central Bank of India -- have also raised the repo linked lending rate. In an out of turn Monetary Committee Meeting (MPC), the Reserve Bank on Wednesday announced to hike the benchmark repo rate -- the short term lending rate it charges to banks -- by 0.40 per cent to 4.40 per cent with immediate effect, aimed at taming the rising inflation caused by the global geopolitical situation.
'I am particularly happy that an Indian has done such a superb job as the coach because people always talk about foreign coaches, but Shastri has dashed all those views.'
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