Entries with Topic News .

Our CEO Mr. Vineet Jain shares points to consider before taking a home loan in moneycontrol.com

Oct 24, 2015 10:30:00 AM
Traditionally Dussehra is the beginning of the harvest season and many associate beginning of non-farm activities with this auspicious occasion, also known as Vijayadashami. Beginning construction of a new house was one of the important non-farm activities for most of our ancestors. And...
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Our Cofounder Mr. Prashant Hegde gives tips on taking Personal Loans this festive season

Oct 21, 2015 4:39:00 PM

Are you planning to buy the latest iPhone 6s Plus this festive season but cannot afford to shell out the entire Rs 92,000 at one go? While financial prudence suggests you should not go for it...

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Consumer Lending to be very high because of huge demand during festive season

Oct 21, 2015 11:18:00 AM

 

It's been a lacklustre year so far but, from all accounts, it looks like this will be a cracker of a festive month for marketers. Across categories -from cars and superbikes to white goods and mobile...

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LoanStreet featured in the Cover Story of Small Enterprise Magazine

Oct 16, 2015 7:29:00 PM

 

Read about our company featured in the Cover Story of Small Business Magazine: 

 

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HDFC Bank ATMs to offer spot loans

Oct 16, 2015 11:09:00 AM
Automated teller machines (ATMs), which have been slowly taking over the job of the cash teller over the last three decades, are now replacing another bank position — that of a credit officer for small loans. HDFC Bank is extending the functionality...
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Corporates lease 9 million sq ft of office space in September quarter, 20% more than a year ago

Oct 12, 2015 1:52:00 PM

 

Demand for corporate office space across India improved with more than 9 million sq ft of commercial office space being taken up in the top seven cities of the country during the July-September quarter of 2015, said property advisory...

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Banks sweeten deal for existing customers

Oct 10, 2015 10:25:00 AM

New borrowers to pay higher interest than existing ones, as spread for new home loans has been...

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RBI cuts risk weight for individual home loans

Oct 9, 2015 10:32:00 AM

To boost demand for low-cost housing, the Reserve Bank of India (RBI) on Thursday reduced the risk weight for individual housing loans of up to Rs 75 lakh. The minimum risk weight for individual housing loans has been reduced from 50 per cent to 35 per cent.

The risk weight for commercial real...

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DHFL trims lending rate to 9.55% for new borrowers

Oct 8, 2015 10:55:00 AM

Mortgage lender DHFL today joined the rate cut war with bigger rivals by slashing its lending rate to 9.55 percent to new borrowers for a limited period.

The...

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Want lower rate on floating home loans? Pay a fee, says SBI

Oct 7, 2015 11:33:00 AM

State Bank of India (SBI), the country's largest bank, which announced a 0.40% cut in its base rate (the floor rate below which banks are not allowed to lend) last week and spread cheer among customers, has taken most...

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Canara Bank, 3 others cut benchmark lending rates

Oct 6, 2015 11:10:00 AM

State-owned Canara Bank, Corporation Bank and Bank of Mysore today reduced their benchmark lending rates by up to 0.25 per cent, making home and auto loans cheaper. 
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Standard Chartered cuts base rate by 0.25 per cent

Oct 6, 2015 10:39:00 AM

British lender Standard Chartered today cut its base rate or minimum rate of lending by 0.25 per cent to 9.50 per cent, joining a large number of rivals who have slashed rates after the RBI's policy.

"Standard Chartered has announced a reduction of 0.25 per cent in its base rate from the current level of 9.75 per cent...

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HDFC cuts lending rate by 0.25 per cent

Oct 6, 2015 10:18:00 AM

Housing Development Finance Corp (HDFC), India's largest mortgage finance company, on Monday reduced its retail prime lending rate (RPLR) by 25 basis points (bps).

The rate cut will be effective from Tuesday. "This...

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SBI to charge 9.50% to women home borrowers and 9.55% to others

Oct 5, 2015 11:24:00 AM

State Bank of India has increased spread on home loans after aggressively lowering its lending rates by 40 basis points to 9.30% last week.

The new home loan is pegged at 9.55% while women borrowers would be charged 9.50%. In effect, despite a 40 basis point reduction in the base rate the new home loan borrowers will be benefit by a 20 basis point reduction in rates. Base rate is...

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Axis, IDBI cut loan rates, ICICI reduces interest on bulk deposits

Oct 3, 2015 1:24:00 PM

Two more lenders - Axis Bank and IDBI Bank - have reduced their lending rates, while ICICI Bank has reduced interest rates on bulk deposits ahead of a lending rate cut.

Axis Bank, India's third largest private sector bank, revised its base rate by 35 basis points (bps) from 9.85% to 9.50% with effect from October 5. Accordingly, the effective rate applicable to home loans and working...

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Raghuram Rajan springs surprise by cutting repo rate

Oct 1, 2015 12:02:00 PM

Spreading the festive cheer more than a month ahead of Diwali, banks have started cutting home and auto loan rates. Immediately after the Reserve Bank of India (RBI) cut the repo rate (the rate at which it lends overnight money to banks) by 0.50% on Tuesday morning, banks started cutting their base rates – the lowest rate at which they can lend......

 

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SBI cuts base rate by 40 bps, deposit rates by 25 bps

Sep 29, 2015 5:18:00 PM

The country’s largest lender State Bank of India (SBI) on Tuesday cut its base rate by 40 basis points (bps) to 9.3%, soon after the Reserve Bank of India (RBI) reduced its policy repurchase rate by 50 bps.

One basis point is one-hundredth of a percentage point. The bank will also be reducing its deposit rates by 25 bps across maturity baskets....

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Top six reasons why RBI should cut interest rate next week.

Sep 26, 2015 2:38:00 PM

 

Reserve Bank of India governor Raghuram Rajan loves to surprise, especially when it comes to money policy management. Some experts do believe a shock therapy works best in money policy. This is precisely why despite multiple factors turning favourable for a rate cut by the central bank, nobody is really sure whether Rajan will bite the bullet.

...
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IDBI Bank soars as Jaitley drops privatisation hint.

Sep 25, 2015 4:04:00 PM

 

IDBI Bank rallied more than 16% on the back of Union finance minister Arun Jaitley’s comments in a television interview that the government was considering privatisation of the state-owned lender on the lines of Axis Bank. The IDBI Bank scrip closed at Rs 69.45 on the BSE, up Rs 9.95, or 16.72%. More than 3.44 crore shares were traded on the BSE and NSE, seven times the...

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Tieup with ICICI and a strong network gives Vodafone head start in payment banking.

Sep 25, 2015 11:49:00 AM

 

Mobile operator Vodafone's tieup with ICICI BankBSE -1.95 % for its M-Pesa mobile money transfer service and a strong network of 90,000 business correspondents will give it a head start in the payment banking industry, a top official said.

Vodafone is among the first 11 entities that have got the Reserve Bank of India's nod to operate payment banks, which can accept...

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