The bank has increased its spreads or mark-up over base rate paid by a borrower by 0.10 per cent.
The Centre on Wednesday announced a raft of post-retirement employment possibilities for 'Agniveer' like priority in recruitment to the central armed police forces (CAPF) and Assam rifles but that failed to assuage the concerns of the opposition Congress which warned the 'transformative' 'Agnipath' scheme will reduce the operational effectiveness of the armed forces.
Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks.
Union Home Minister Amit Shah on Thursday said the Bharatiya Janata Party is committed to bring Uniform Civil Code (UCC) in the country but only after following all democratic processes and discussions on it.
Australian great Ian Chappell lauded India captain Virat Kohli for being able to channelise his "highly emotional temperament" towards building a versatile team that has tasted plenty of overseas success.
Banks, led by State Bank of India, under special schemes offer home loans at lower interest (teaser) rates to the new customers for the first few years of the credit period, which has kicked up a storm in the industry.
The BJP and TRS took digs at each other over the celebrations marking the annexing of the erstwhile Nizam-ruled Hyderabad state to the Union of India, with the former slamming vote bank politics behind the lack of official commemoration so far while the ruling party warned against communal forces trying to divide the society.
Images from the World Athletics Championships in Budapest on Saturday.
The Indian team was "mentally and physically drained" during the T20 World Cup and did not even "try to win", as it wasn't switched on during pressure situations in big games, outgoing head coach Ravi Shastri stunningly conceded before the side's last Super 12s match against Namibia, in Dubai, on Monday.
Captain David Warner led from the front with a quickfire half-century to steer Delhi Capitals to their first win in IPL 2023, after they edged Kolkata Knight Riders by four wickets in Delhi on Thursday.
'We always think of retirement as a time to settle down, that it is the sunset of our lives.' 'Instead of calling it retirement, we must call it 're-tyre-ing', that is putting a new set of tyres and going on a new journey.'
Understand the finer points before signing on the dotted line as a guarantor
New borrowers should go for banks over housing finance companies as the new benchmark -- MCLR -- is more transparent.
'India seems to be on a relatively better wicket compared to other emerging markets.'
SBI said it could give discount to new housing credit seekers and might cut home loan rates. SBI is currently offering home loans at 12.75 per cent on fixed interest rate basis. The floating interest rate ranges between 10.75-11.25 per cent.
Security and intelligence agencies will soon be provided with a new platform which is technologically advanced, secure and helpful in dealing with new age criminals and anti-social elements, officials said on Wednesday.
In what could trigger another round of rate cut war, National Housing Bank on Wednesday slashed lending rates by 0.40-0.65 per cent just two weeks before the Reserve Bank of India announces its busy season credit policy.
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RBI's move to link loan payment to construction progress is likely to bring down property prices.
The country's largest private lender HDFC Bank is planning to facilitate a shift in its payments module from the existing core banking platform. This would ensure minimal payments downtime, even if core banking is not available. "This 15-month project will be followed by hollowing the customer-master modules from its existing core systems. "It will ensure a single system of record for customers across various products," said Sashidhar Jagdishan, managing director (MD) & chief executive officer (CEO), in the annual report for 2021-22.
England were braver than us in tougher situations, says Kohli
These unicorns, or startups valued at over USD 1 billion, are across industries, beyond technology and tech-enabled sectors as well, like pharmaceuticals, and consumer goods, Credit Suisse India equity strategist Neelkanth Mishra told reporters in Mumbai.
This team will be 'our template' going ahead, Indian captain Virat Kohli said after the rain-marred opener against England ended in a draw on Sunday, meaning they will stick to the 4-1 pace-spin combination in the remainder of five-Test series.
"I was the one who suggested that we should go back home immediately because it was clear it was one-sided and it was not fair but Anil (Kumble) showed great leadership qualities and managed everything," Laxman said during the launch of his book '281 and Beyond' in New Delhi on Tuesday.
Suryakumay Yadav has become the toast of Indian cricket
Housing Development Finance Corp (HDFC) chairman Deepak Parekh on Tuesday said that while the country's macroeconomic fundamentals remain strong and the recovery is in progress, the unpredictability of coronavirus will remain a key challenge. Owing to the second wave, the Indian economy is likely to mirror a similar trend seen in FY21, where the first half of the financial year is weaker and the second half is significantly stronger, he said. "I remain confident that India's macroeconomic fundamentals are strong. Recovery is underway," Parekh said while addressing the 44th annual general meeting of HDFC Ltd. He said, the country's forex reserves and foreign direct investment inflows have scaled record highs, the capital markets are also buoyant and agriculture growth is expected to remain strong with food grain production estimated at over 305 million tonnes.
Deepa Gahlot lists the most popular Yash Chopra films -- the ones he directed, not produced (yes, so that means no DDLJ) -- that can be watched on OTT.
Rajat Gupta was freed from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts, on January 5.
NBFCs are allowed to include registration, stamp duty
Images from the third One-Day International between South Africa and India, in Cape Town, on Sunday.
It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years.
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After RBI's missive on proxy lending to builders, it's time to reshuffle.
Speaking at a function at Ghaziabad on Monday, State Bank Chairman-cum-Managing Director O P Bhatt said the bank has decided to raise the interest rate by 0.5 per cent on all loans such as home loans and auto loans which are linked to PLR. The revision in PLR came after SBI raised its PLR from 12.25 per cent to 12.75 per cent last week following Reserve Bank's increasing its key short-term lending rate to banks.
'I remember how my grandmother was scared for me when I joined the industry because she was aware of the hurdles and pitfalls.' 'It's a harsh place.' 'When the going is good, it's great, but you really have to have the spirit to deal with the situation when the chips are down.'
Twenty personnel of the India-China LAC guarding Indo-Tibetan Border Police (ITBP) force, who displayed bravery during the violent clashes and ongoing military standoff between the two countries in the eastern Ladakh region in May-June 2020, were on Sunday decorated with police gallantry medals.
'Citibank customers will migrate to the Axis Bank platform over 18 months.'
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
Ask your bank to save for you. Plan your taxes. Reward yourself for your addictions... Chartered accountant Shreya Jaiswal's 10 ways to make more money this year.
Two non-government organisations run by social activist Teesta Setalvad and her husband have been served notice by the home ministry for alleged violations of the Foreign Contribution Regulation Act and asked to reply within 15 days.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
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