Both home loan and land loan are availed to acquire a property. However, home loans are availed for properties that are already constructed, are under construction or will be constructed in the near future.
Two utility vehicles have entered the list of top 10 selling passenger cars for the month of May – Toyota Innova Crysta and Maruti’s Vitara Brezza. With the sale of 7,259 units in May, Toyota Innova Crysta overtook Maruti Vitara Brezza and Hyundai Creta, to become the ninth best-selling vehicle as well as the top-selling […]
Equated Monthly Instalments or EMI’s often form a sizeable component of the monthly expenditure in case of most salaried class homebuyers or those with personal loans. The priority for most of these borrowers is to prepay/partly pay the loan as early as possible. This would save them from paying extra interest on the loan apart […]
Bandhan Bank plans to add 180 new branches to its current network of 650 branches by March 2017. The bank hopes that these 850 branches will help it gain a pan-India presence in the next year. At Bengal Chambers of Commerce & Industry’s Business-IT conclave, Chandra Shekhar Ghosh, the Managing Director and CEO of […]
A general impression exists that Tier I cities in India (Delhi, Mumbai, Pune, Chennai, Kolkata, Bangalore, Ahmedabad, Hyderabad) are unaffordable for property purchase. However, some in-depth research may very well provide a different result.
In an endeavour to create global-sized institutions, the Government of India is encouraging the consolidation of public sector banks. This is for the purpose of reducing their number, as also making way for bigger banking institutions. To achieve this, the Government is looking to act as a mediator to merge state-run Bank of India, UCO […]
The private sector banking institution, DCB (Development Credit Bank) limited, has launched the first Aadhaar-based ATM in Bengaluru. This Tier-I city followed leading urban areas like Mumbai in providing this advanced facility that allows PIN-less and card-less transactions. This unique DCB ATM accepts Aadhaar number and Aadhaar-registered fingerprint instead of a card number and PIN […]
This month the government of India officially announced its vision of establishing 650 operational branches of India Post Payments Bank (IPPB) by September next year. These branches would be set up across all the major districts of the nation. Currently, India Post operates an estimated 25,000 post offices across the country and the launch of […]
The Reserve Bank of India (RBI) has asked banks to put in place a cyber-security policy without delay. The policy will outline the approach to fight cyber threats, given the level of complications of business and acceptable levels of risk. According to the RBI, the cyber security policy should be different from the broader IT […]
On 7 June 2016, Datsun India finally launched their new product — redi-GO. With a price range starting from 2.38 Lakh INR and going up to Rs 3.34 Lakh (ex-showroom prices, Delhi), the car has become one of India’s most affordable cars. The car has been introduced with five variations: D, A, T, T(O) and […]
