LIC Housing Finance looks at securitisation of Rs 5,000 crore loan

Last Updated: Saturday, September 12, 2015, 15:48

Simply put securitisation of loan is selling the loan portfolio to a buyer for a consideration. The loan book that thus sold will not figure in the balance sheet of the seller.

Applying for auto loan? Keep these documents handy

Last Updated: Saturday, September 5, 2015, 12:05

Here are some important documents that you must keep ready if you are applying for car loan.

Want to purchase a new home? See how you can benefit from this home loan product

Last Updated: Thursday, September 3, 2015, 12:24

The extraa home loan facility allows you to enhance your loan amount by up to 20 percent and also provide you an option to extend the repayment period up to 67 years of age.

China removes 75% cap on loan-to-deposit ratio

Last Updated: Saturday, August 29, 2015, 20:23

Facing economic downturn, China today removed 75 percent loan-to-deposit ratio stipulation for its commercial banks to improve liquidity and imposed USD 2.5 trillion as ceiling for local governments to control the spiralling debt.

Eurozone loans to private sector increase: ECB

Last Updated: Thursday, August 27, 2015, 16:09

The ECB regards M3 money supply as a barometer for future inflation.

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.

ICICI Bank unveils first guarantee-backed home loan product

Last Updated: Wednesday, August 26, 2015, 14:57

It will help customers raise the eligible amount by up to 20 percent and increase the tenure by up to seven years.

Air India avails first tranche of $40 mn loan under ECB route

Last Updated: Sunday, August 23, 2015, 12:16

The debt-laden national carrier would borrow USD 300 million in eight tranches in the current financial year ending March 31, 2016.

Banks can extend loan repayment up to 5 years for crop loss: RBI

Last Updated: Friday, August 21, 2015, 21:44

The Reserve Bank on Friday gave the farming community much to cheer about when it said banks can extend loan repayment period up to 5 years in case 50 percent crop is damaged due to natural calamities like drought and flood.

Loans under PMMY to double to over Rs 1 lakh cr by March

Last Updated: Wednesday, August 19, 2015, 13:16

Since the launch of the scheme in April by Prime Minister Narendra Modi, about Rs 14,000 crore worth of loans have been disbursed under the scheme to 20 lakh people.

IPO market heats up, 30 companies ready Rs 16,000-cr offers

Last Updated: Tuesday, August 18, 2015, 16:13

The IPO space is in the thick of activity as 30 companies line up offers worth more than Rs 16,000 crore to fund their business expansion, meet working capital requirements and make loan repayment.

Govt eases norms for sugar mills to borrow Rs 6,000 cr soft loan

Last Updated: Wednesday, August 12, 2015, 23:50

The government Wednesday eased norms for sugar mills to borrow soft loans of Rs 6,000 crore to help clear arrears of Rs 15,400 crore to sugarcane growers.