IDBI Bank doesn’t wait for RBI cue, cuts home loan rate.

Surplus liquidity in the banking system is forcing banks to reduce rates even before the Reserve Bank of India’s (RBI) monetary policy tomorrow.IDBI Bank has reduced its home loan rates by around 0.60%. The home loans of the bank are now at 8.55% to 8.7%. The lowest rate of 8.55% is applicable to the priority sector loans.The bank has also […]

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Mahindra Lifespace, SBI to create platform on home finance .

NEW DELHI: Mahindra group realty firm Mahindra Lifespace DevelopersBSE -0.88 % today announced a partnership with State Bank of IndiaBSE -1.25 % (SBI) to set up a platform for providing quicker and convenient financing of home purchases.  The establishment of a market-focused platform will provide information and bespoke home buying solutions for customers across India, the company said in a […]

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IDFC Bank, IndiaLends tie-up for loan services to 1st timers.

New Delhi, Feb 7 (PTI) Private sector lender IDFC Bank has collaborated with fintech startup IndiaLends to enable first time borrowers who do not have a credit history to take loans. New Delhi, Feb 7 (PTI) Private sector lender IDFC Bank has collaborated with fintech startup IndiaLends to enable first time borrowers who do not have a credit history to […]

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V.K. Sharma Appointed LIC Chief for Five Years

Government on Wednesday appointed V.K. Sharma as the chairman of state-owned behemoth Life Insurance Corp. of India (LIC) for five years. “The Appointments Committee of the Cabinet (ACC) has approved the proposal of the department of financial services for appointment of V.K. Sharma, MD, LIC, as chairman, LIC in fixed pay of Rs80,000 (pre-revised) for a period of five years…or […]

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