In a first, ICICI launches loan product with mortgage guarantee

Last Updated: Wednesday, August 26, 2015, 22:54

In a first in the extremely competitive home finance market, ICICI Bank Wednesday launched a mortgage product backed with a guarantee to help the borrower avail more credit and also extended the tenure, for an upfront fee of 2 percent of the loan amount.

There's scope for further cuts in lending rates: HDFC Bank

Last Updated: Thursday, July 30, 2015, 19:37

Country's second largest private lender HDFC Bank on Thursday said there is a scope for further cuts in the lending rates as loan growth is trailing deposit growth.

Federal Bank fears more bad loan pain in Q2

Last Updated: Sunday, July 19, 2015, 16:15

The bank's exposure to this company is at around Rs 100 crore and it is evaluating multiple options to deal with the stress, he added.

HDFC Bank launches '30-min auto', '15-min 2-wheeler' loans

Last Updated: Monday, June 29, 2015, 16:31

The 30-minute auto loan and 15-minute two-wheeler loan is the latest initiative in HDFC Bank's digital banking offering christened Go Digital.

Home, auto loans likely to come down further; FM expects more rate cuts by banks

Last Updated: Friday, June 12, 2015, 15:13

EMIs of home, auto and other loans are likely to come down further with Finance Minister Arun Jaitley on Friday saying that banks have promised greater rate cuts in the coming days and weeks.

City Union gets first batch of loan repayment from SpiceJet

Last Updated: Saturday, May 23, 2015, 20:09

Private sector lender City Union Bank has received the first batch of repayment of Rs 100 crore from low-cost air carrier SpiceJet, a top official said Saturday.

World Bank to give $248 mn loan to Punjab for water supply, sanitation

Last Updated: Monday, May 11, 2015, 19:37

The project is expected to benefit about 84.7 lakh rural people in Punjab.

HDFC Bank sees strong loan growth after profit rises

Last Updated: Thursday, April 23, 2015, 17:27

HDFC Bank expects to grow loans faster than the banking sector during the financial year to March 2016, Paresh Sukthankar, deputy managing director at the lender, told reporters.

Finmin seeks list of wilful bank loan defaulters by month-end

Last Updated: Sunday, April 19, 2015, 12:17

"We have asked banks to provide list of wilful defaulters which is expected in the last week of this month," Secretary Department of Financial Services Hasmukh Adhia told PTI.

World Bank approves Rs 1,540 cr loan for Punjab

Last Updated: Thursday, March 26, 2015, 22:28

The funds are approved to help the state significantly improve its delivery of water and sanitation services as well as reduce open defecation to improve the quality of life in rural Punjab.