SBI Q2 net profit falls more than a third as bad Loans rise

State Bank of India, the nation’s biggest lender by assets, said on Friday that its second-quarter net profit tumbled 35 percent, matching estimates, as provisions for bad loans jumped. Standalone net profit, not including contributions from subsidiaries or associates, slid to 25.38 billion rupees ($379 million) for the three months to September 30 from 38.79 billion rupees a year earlier, […]

Read more

After SBI, ICICI Bank cuts Home Loan Rates, other Banks likely to follow

After State Bank of India (SBI), India’s largest bank, slashed interest rate on home loans, ICICI Bank followed suit, today. ICICI slashed interest rates by 0.15% to 9.15% for women borrowers while 9.20% for all other borrowers on loans up to Rs 75 lakh.These revised rates will be applicable from November 1 to November 30 this year. After the RBI […]

Read more

Indiabulls Housing matches SBI on Home Loans,offers 9.15% Rate

Matching up to the cheapest home loans provided by SBI, Indiabulls Housing Finance (IBHFL) today slashed the lending rate for housing to 9.15 per cent, bringing EMI down to Rs 815 per Rs 1 lakh. "Indiabulls Housing Finance Limited (IBHFL) announces revising home loan rate of 9.15 per cent, a reduction of 15 basis points for its customers, effective November […]

Read more
1 38 39 40 41 42 43