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January
2010 |
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Uncertainty over RBI directive grounds securitisation
market |
Jan
27, 2010 |
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The securitisation market, where banks slice loans and sell them down as securities to investors such as mutual funds and banks, has come to a near standstill. Banks are now awaiting further clarification from the regulator on a recent directive, mandating lenders to retain a part of these products.... |
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IBA Denies Communication with RBI on Home Loan Rates |
Jan
20, 2010 |
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Amidst media reports of guidelines for home loans that attempt to clamp down on teaser rates, the Indian Bank Association (IBA) has said that it has received no communication from the Reserve Bank of India (RBI)...... |
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RBI Expresses Concern Over Home Loan Rates |
Jan
18, 2010 |
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India?s banking regulator ? the Reserve Bank of India (RBI) ? has expressed concern on banks offering home loans with teaser rates, or schemes where monthly instalments rise after the initial years...... |
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SBI Chairman Defends 8% Home Loan Scheme |
Jan
16, 2010 |
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The latest ?teaser? from the Reserve Bank of India hasn?t amused Om Prakash Bhatt, chairman of State Bank of India, the bank that pioneered limited-period soft terms for home loans..... |
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Major Banks Reject RBIs Proposal of Uniform Home Loan
Rates |
Jan
15, 2010 |
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Driven by angry mortgage borrowers, RBI has once again nudged top banks to charge lower home loan rates to old customers instead of just using the lower interest rates to pull new borrowers. But lenders continued to resist the proposal, citing cost mismatch.... |
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Amidst Banking Slowdown ICICI Keeps Faith on Home Loan
Segment |
Jan
07, 2010 |
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ICICI
Bank is optimistic about home and auto loans amidst
slowdown in the banking industry. The bank's deputy
managing director, Sandeep Bakshi, said, "On quarter-on-quarter
basis, in the first two quarters, our home loan portfolio
has shown an improvement.... |
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Axis Bank to Offer Home Loans at 8.25 pc Irrespective
of Loan Amount for 2 Years |
Jan
06, 2010 |
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Two
months after it launched the 8 per cent home loan offer,
leading private sector lender, Axis Bank on Tuesday
came with a special scheme to give home loans at 8.25
per cent fixed rate for the first two years irrespective
of loan amount. This scheme is open till March 31, 2010.
After the offer period, floating rate of interest will
be applicable based on the mortgage reference rate. |
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Home Loan Segment- 2009 was Good, 2010 can be Better |
Jan
04, 2010 |
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The year 2009
was a good one for home loan borrowers. Banks rolled out the goodies for them in the
form of low interest rate offers and special home loan packages. Stable property prices
also helped. So, the demand for home loans was steady. With the economy poised for strong
growth and confidence returning to the capital market, most players expect the demand
for home loans to grow in 2010. |
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