Tag: loan

Ahead of festive season, banks slash interest rate on home loans. Get the details here

Ahead of the festive season, many top banks have announced offers and discounts on home loans. State Bank of India (SBI), ICICI Bank, Punjab National Bank (PNB), Kotak Mahindra, Bank of Baroda (BoB) and Yes Bank are among the banks offering home loans at attractive rates. The offer is for a limited time period. Bank Women Others Effective Rate of Interest Offer […]

DHFL lenders set to mark ₹37,400 crore recovery this week, the biggest among NPAs this fiscal

Lenders led by the State Bank of India (SBI) are set to log recoveries of ₹37,400 crores this week, as Piramal Capital and Housing Finance’s (PCHF) acquisition of Dewan Housing Finance (DHFL) should be completed this month itself, multiple people aware of the deal told ET. Banks will get a mix of upfront cash and […]

Microfinance loan portfolio rises 4.2 pc to Rs 2,37,369 cr as of June-end: MFIN

The microfinance industry’s gross loan portfolio (GLP) rose 4.2 percent to Rs 2,37,369 crore as of June 30, 2021, compared with Rs 2,27,727 crore as of June 30, 2020, according to a report by Microfinance Institutions Network (MFIN). Microfinance loan disbursals during the first quarter of the financial year 2021-22 improved significantly to Rs 25,503 crore, […]

Repo rate linked home loan: Here are the interest rates of home loans linked to repo rate

Interest rates on home loans offered by banks are now linked to an external benchmark. This is because the Reserve Bank of India (RBI) has asked all scheduled commercial banks (except regional rural banks), local area banks and small finance banks to link interest rates on retail and MSME loans to an external benchmark rate with […]

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