The present home loan non-performing asset figures of banks understate the extent of delinquency in the sector as loans given in the last three years
By evaluating their loan rate against the best available every year, borrowers can achieve considerable savings over the entire tenor, suggests Sanjay Kumar Singh.
The government's annual Economic Survey on Friday strongly defended new farm laws, saying they herald a new era of market freedom which can go a long way in improving lives of small and marginal farmers in India. These legislations were designed "primarily" for the benefit of "small and marginal farmers", which constitute around 85 per cent of the total number of farmers and are the biggest sufferer of the "regressive" APMC-regulated market regime, the survey said. The pre-budget document defended the farm laws in the backdrop of long-running farmers' agitation at various borders of the national capital seeking repeal of these legislations expressing concern that they are pro-corporate and could weaken government regulated mandis, also called Agriculture Produce Marketing Committees (APMCs).
Other measures being considered include relatively stringent KYC norms and a separate standard operating procedure for approval, renewal, and fresh investment from India's neighbouring countries.
In a brief letter to his colleagues and shareholders, Dimon disclosed that the cancer was detected quickly and is confined to the original site and adjacent lymph nodes on the right side of his neck with no evidence of cancer elsewhere in his body.
News of all that's transpired on and off the football field
Option One Mortgage is looking for Customer Care Associates (data process).
Option One Mortgage is looking for Customer Care Associates and Senior Associates for Voice Processes-Collections.
Conservation of cows in Rajasthan will entail a cost for those making rent agreements, mortgage papers and lease agreement as they will now pay a surcharge of 10 per cent on stamp duty for cow protection.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
A Ganesh Nadar/Rediff.com speaks to common folk in Tamil Nadu about whether they will invest in Arun Jaitley's gold monetisation scheme. Their reactions will not make the Union finance minister happy.
Deepak Narang, executive director of United Bank of India, speaks on Vijay Mallya's 'wilful defaulter' status.
Borrowers who contribute over 40 per cent of residential unit's have greater willingness to pay.
Usually, banks will offer a lower credit limit to a first-time borrower and subsequently increase it as the borrower builds a repayment track record.
IT services provider iGate Global Solutions Ltd on Monday said it has enhanced its stake holding in US-based Loan Pro LLC to 60 per cent.\n
Part of a focus on retail advances, as corporate demand remains subdued; could reverse if RBI raises repo next month
The United States-based AIG United Guaranty, whose affiliate companies provide mortgage guaranty insurance designed to increase home ownership, is exploring several Asian markets, including India, China, Japan and South Korea, to expand its business.
Wondering what's the connection? Here goes...
iGate Global Solutions Ltd on Monday said it has acquired 5 per cent equity stake in US-based Loan Pro LLC enhancing its existing stake to 60 per cent by July 1.
We've all been there at some point -- detesting our jobs but being unable to quit. Here's how you could deal with it!
A delegation of opposition parties including Rahul Gandhi, Sharad Pawar and Left leaders on Wednesday met President Ram Nath Kovind seeking repeal of the three farm laws against which thousands of farmers have been protesting on various borders of the national capital.
Blackstone has bought A Wing and some part of B Wing of the building, which has three wings with a total area of 1.5 million square feet.
In an apparent cost cutting measure, the Cheltenham and Gloucester (C&G), a wholly owned subsidiary of Lloyds TSB Bank, will close a mortgage and customer service centre and move about 300 jobs to India.
From Utsav to Heartless, Shekhar Suman has come a long way. He looks back.
Peasants from Maharashtra's drought-affected Beed district feel the government machinery and politicians are indifferent to their plight.
Biden, 77, made his maiden public appearance with his running mate Harris on Wednesday and said that both of them are ready to get to work in rebuilding America and a better future for its people.
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!
How does one justify mortgaging property and going out of their way to buy gold and gifts for a daughter's wedding? In her second column, Divya Nair talks about the unreasonable practice of elaborate gifting and exchanging gold in the name of tradition and why it bothers her so much.
According to experts, banks have found better arbitrage opportunities in dollar terms in mature economies with mortgage and leverage rather than take equity exposure on Indian real estate.
When one applies for a loan, he/she is almost immediately offered an insurance policy to cover it. These are called Mortgage Redemption Schemes or Loan Protection Covers.
For smaller MFIs, resuming operations is more difficult because they haven't got any fresh bank credit sanctioned from their lenders.
The government said in a court filing it was seeking civil money penalties from S&P and McGraw Hill.
'Business will be 20% of what it was before the lockdown.'
If the property is inherited from one generation to another, the person who inherits it cannot pass it on as s/he wishes, points out Rajesh Narain Gupta, managing partner, SNG & Partners.
FDi helps a tiny minority in our country, says Hema Swaminathan, Assistant Professor, Centre for Public Policy, Indian Institute of Management-Bangalore.
Normally, kharif sowing of vegetable seeds starts during the first week of May across the country. Farmers start preparing their fields to make them suitable for kharif sowing during the second fortnight of April. Now, however, faced with the lockdown, farmers are in a hurry to clear their fields of rabi crop and prepare for kharif planting. With a normal monsoon forecast this year, they are doing all they can to take advantage of pre-monsoon showers.
Before jumping to build a portfolio of stocks impacted by the recent reforms, choose the ones which will benefit the most.
