Tag: State Bank Of India

Realty Assets of Kingfisher Airlines Likely to Be Attached

May 9, 2013 – 7:41 pm

Serving a legal notice to the debt-driven Kingfisher Airlines, banks have said that they will go ahead with a plan to attach their realty assets, if the carrier again fails to repay the amount with interest. Banks that had earlier loaned Kingfisher Airlines have served the carrier a legal notice which stated that they will […]

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India’s ICICI Bank eyes growth

April 28, 2012 – 11:26 am

ICICI Bank, India’s No. 2 lender, posted on Friday a larger-than-expected 31 percent rise in quarterly profit and forecast a higher growth rate for domestic loans and stable asset quality for the coming year. Loan demand in India is expected to pick up after the central bank last week cut its benchmark lending rate for […]

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Indian real estate price can fall 60 to 70% from current levels in the next five years

November 10, 2008 – 12:22 am

The real estate sector in India may have seen its best time for the next several decades. The real estate markets now heads downward, as people cannot make their mortgage payments. OP Bhatt, chairman of State Bank of India (SBI), the country’s largest bank, expects 50% correction in the housing sector prices in the country. […]

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Consolidation In The Housing Finance Market

July 11, 2008 – 6:34 am

The down ward trend of real estate market price is going down, the housing finance is facing a squeezed condition. Now the Banks have increased the contribution limit of the developers from 25% to 30%. With the correction of prices in the real estate sector, commercial banks have become choosy in lending. They have become […]

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Cheaper home, consumer durables loans

February 16, 2008 – 5:48 am

MUMBAI: Home loan and consumer durables loan borrowers could look forward to softer interest rates. Following the reduction in the cost of funds, banks are reviewing the interest rate structure, according to the Indian Banks’ Association (IBA). Speaking to the media after the managing committee meeting on Friday, IBA CEO H N Sinor said, “Banks […]

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