Sahim Salim explains the modus operandi employed by dubious travel agents in Punjab to lure youths into slavery in Iraq
Sending money to families in India will get more expensive
By increasing your monthly EMIs by just a few thousand rupees you can actually end up owning your dream house in almost half the tenure saving lakhs in interest outgo. Read on...
In a thread of tweets, Mallya claimed, "The airlines struggled financially partly because of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that's where banks money went. I have offered to repay 100 % of the principal amount to them. Please take it."
Supreme Court had asked the government to issue RCom a NoC for spectrum sale to Reliance Jio Infocomm by December 9 if it furnishes a corporate guarantee of Rs 1,400 crore
Sabira Khan was standing next to the taxi that exploded at Dockyard Road on November 26, 2008 -- the night 10 terrorists stormed Mumbai. After spending over Rs 6 lakh for treatment for which the family sold their shop and mortgaged their house, Khan still finds it difficult the walk. And her family of eight struggles to make ends meet.
'Today, political formations seem to adopt an 'us' versus 'them' approach which shows up even in their attitude towards civil servants.'
'This creates an added layer of fear.'
'The Indian side has realised that not talking to Pakistan has not served any useful purpose.'
Consider prepaying or shifting but do the homework, as it makes sense or not, depending on where you've reached on the tenure.
What will be its impact on the banks's balance sheets? Since banks need to provide for 10 per cent of the loans restructured, they would need Rs 50,000 crores to Rs 80,000 crore for this purpose, notes Tamal Bandyopadhyay.
To begin with, these are among the cheapest in the loan market.
Housing Development and Finance Corp Ltd (HDFC), the largest mortgage finance company in the country, on Monday launched a fixed-cum-floating rate scheme which would offer home loans at a fixed rate for the initial three or five years and at a floating rate thereafter.
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.
Standard and Poor's action has left many speechless.
Five years after its investment, private equity major Carlyle Group may exit a quarter of investment in mortgage lender HDFC Ltd.
Forecasts of a further rise in bullion prices keep Indians away from selling gold.
"The main point is managing this growth so as to make it sustainable. Our aim is to grow by at least 25 per cent on-year during 2011-12."
Reports said that the two hotels can fetch up to $1 billion.
After the Reserve Bank of India (RBI) raised key policy rates by 25 bps in the third quarter review of monetary policy, banks have started raising lending and deposit rates.
Historically, overall credit has grown at 1.6 times GDP growth
Private equity firms invested about USD 3.7 billion across 133 deals during the first quarter of 2018 as compared to USD 7.3 billion by way of 200 transactions a year ago.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
Housing mortgage lender HDFC today posted a 20 per cent jump in its net profit at Rs 971 crore (Rs 9.71 billion) for the September quarter, on healthy rise in interest income and higher advances.
Citigroup Inc has defended its $75 million settlement with the Securities and Exchange Commission over under-declaration of its subprime mortgage exposure, setting the stage for a federal judge to decide on whether to approve the deal, according to a media report.
The New York attorney general has launched a probe against eight banks, including Citigroup, to determine whether they provided misleading information to rating agencies for inflating the grades of certain mortgage securities
The company had posted net profit of Rs 1,891.17 crore for the July-September quarter of 2013-14.
F1, Silverstone still optimistic despite UK quarantine rules
People in India are increasingly shying away from taking bank loans on account of economic slowdown and scepticism arising out of job uncertainty.
The South Asia region has about 30 million middle and lower class households willing to pay but are unable to have access to mortgages.
The probe is not part of the civil fraud charges filed against the bank in April, which caused an alleged loss of over $1 billion to investors by misrepresenting facts about the financial product tied to sub-prime mortgages.
The housing market crisis sent Indian Americans on a buying spree across the country, with the exception of New York City. Even as the economy starts to stabilise, Indians still continue to buy property.
Less than a week after its teaser home loan scheme expired, HDFC has re-launched it at slightly higher rates. And, SBI is also likely to extend its own teaser rate scheme, due to expire on September 30, a top official said on Monday.
The IT slowdown directly threatens the well being of other industries as well as India's IT cities. This impact has not necessarily been factored in, yet.
Former IPL chief shooed off potential buyers at the behest of Sushanto Roy, says broker
After ICICI bank, the largest mortgage lender HDFC has also decided to discontinue the teaser rate scheme that entail cheaper home loans to new borrowers.
The lender has said it is betting on increased loan demand in smaller cities to boost growth in a slowing economy.
Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, tells Business Standard that high prices and hardening of mortgage rates may act as a dampener.
In the wake of the sharp downturn in the valuations of mortgage-backed securities last year, financial firms justified their investment in these non-transparent instruments on the triple ratings accorded to them.
Leading mortgage firm Housing Development Finance Corporation (HDFC) on Monday reported a 21.63 per cent rise in net profit to Rs 807.54 crore (Rs 8.07 billion) for the second quarter ended September 30, led by higher loan disbursal.
'This country's backwardness is exposed when Indians bribe, coax and cajole agents to get back-breaking jobs abroad to save a little money at home,' observes Sunanda K Datta-Ray.
