ECB lenders get relief to extend loans in Indian rupees

            By Accommodation Times News Service Relaxing norms for external borrowings, RBI on Wednesday allowed ECB lenders to extend loans in Indian rupees to domestic businesses. "With a view to providing greater flexibility for structuring of external commercial borrowings (ECB) arrangements, it has been decided that recognized non-resident ECB lenders may extend loans in Indian rupees," the RBI said

Canara Bank sell 900crore bad loans to asset reconstruction companies

              By Accommodation Times News Service State-run Canara Bank is planning to sell Rs 900crore of sticky loans to asset reconstruction companies this quarter in an effort to clean balance sheet. This would be the third asset sale by the lender in as many quarters as it aims to bring down non-performing assets

LIC Housing Finances expands its business in East India

By Accommodation Times News Services LIC Housing Finance Ltd., the mortgage finance arm of Life Insurance Corporation of India, has set a loan disbursement target of Rs 3,000 crore in 2014-15 for the eastern region against Rs 1,902 crore last fiscal, a growth of 58 per cent. The growth in loan disbursal

DHFL will inaugurate 100 new branches to expand its housing finance business

By Accommodation Times News Services Dewan Housing Finance Corporation Limited (DHFL) aims to expand its strength in home loan industry, it is inaugurating new branches all over the country. Their 40 per cent of the company comes from the western states and the balance from southern and northern states and the

HFCs contributes 2/5th of home loans in the overall loan amount

By Accommodation Times News Services Since, last few years home loans in Indian financial market has acquired major amount of home loans. The major portion of loan amount in the market is contributed by housing finance sector during last 3-4 years. Housing finance companies account for almost two-fifths of the retail home

NHB say, third home loans should not be treated as “commercial”

          By Accommodation Times News Service Home loans provided to a borrower for the third time should not be treated as commercial real estate advance; the National Housing Bank has suggested financing ministry. NHB is of the view that such an approach would help improve housing stock in the country and also give

CREDAI against new policy of RBI’s home loans link to construction stages

By Accommodation Times News Service Criticizing the Reserve Bank’s decision to link disbursal of home loans to stages of construction, real estate apex body Credai said the move will harm developer sentiment and disturb business plans. RBI asked banks to link the disbursal of home loans to stages of construction to protect

RBI red flag to 80:20 schemes makes banks to re-work on home loans

By Accommodation Times News Service As soon as the Reserve Bank of India (RBI) has given the red flag to the 80:20 schemes of developers, the commercial banks have started reworking their home loan business strategy. Banks admitting the risks from such exposes financing loans under the 20:80 schemes had gathered

RBI defunct the 20:80 schemes loans of builders

By Accommodation Times News Service Giving a strong blow to builders and developers the Reserve Bank of India (RBI) has barred the banks for giving loans for under constructions projects for schemes like 80:20.Basically in the 80:20 schemes 20% is paid by the buyer and 80% paid by the bankers on

NHB can low the risk weighted for home loans

By Accommodation Times News Service National Housing Bank (NHB) has thought to low the risk weighted on the home loan and residential housing project in next week to 25 basis points. Through this initiative capital for the housing banks will increase. Risk weight is capital required to be set aside, stipulated by the