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HFCs to face headwinds amid rising interest rates, says India Ratings Housing finance companies (HFCs) are in for some headwinds, given the rising interest rates and property prices and the resultant moderation in home affordability, which will lead to a marginal dip in their loan sales growth to 12.3 per cent next fiscal year, says a report. ...

Sovereign Gold Bonds: RBI issues dates for premature redemption, check details [ad_1] The Reserve Bank of India (RBI) has set dates for the premature withdrawal of several tranches of Sovereign Gold Bonds (SGB). The RBI issued a press release outlining the details of the SGB tranches scheduled for premature redemption from April 1, 2023, to September 30, 2023, as well ...

Indian Bank ties up with Toyota Kirloskar Motor to offer vehicle financing Public sector Indian Bank has inked a pact with automaker Toyota Kirloskar Motor to offer vehicle financial options to its customers, the bank said on Tuesday. The tie-up would offer various initiatives including 90 per cent on-road funding with no processing fee, foreclosure ...

PPF, SCSS, NSC: What is the minimum balancerequired for these post office accounts? [ad_1] PPF, SCSS, NSC: What is the minimum balance required for these post office accounts? [ad_2]

ESAF Bank, V-Guard partners to finance solar rooftop power systems ESAF Small Finance Bank and electric equipment manufacturer V-Guard Industries signed an agreement to provide financing options to customers looking to install solar rooftop power systems. Under the agreement, ESAF Bank will provide various financing options, including loans and attractive installment payment plans, a statement ...

NPS partial withdrawal: New rule, who can apply explained – NPS partial withdrawal [ad_1] The subscriber should meet the following prerequisites for a partial withdrawal under the aforementioned PFRDA rules. The subscriber’s NPS account has been updated with information regarding their active bank account. Online bank account verification should be enabled for the subscriber’s bank. The request must be submitted ...

SBI raises $1 bn under 5-year syndicated social loan for ESG funding The country’s largest lender, State Bank of India, has raised $1 billion in its largest syndicated social loan for onward lending to ESG projects, affordable housing and self-help groups (SHGs). The deal was the largest Environmental, Social, and Governance (ESG) loan by a ...

HDFC hikes lending rates by 25 bps; your home loan EMIs to increase [ad_1] Home Development Finance Corporation Ltd (HDFC) has hiked its Retail Prime Lending Rate (RPLR) by 25 basis points (bps) with effect from March 1, 2023. According to the HDFC press release, “HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable ...

HDFC hikes home loan rates by 25 bps, takes minimum borrowing cost to 9.2% Mortgage lender HDFC Ltd has hiked its home loan rates by 25 basis points effective March 1, the company said in a statement on Tuesday. With this, the home loan rates offered by HDFC will start at 9.20 per cent. However, ...

Bond yield reaches 7.45%: Returns from debt products are looking attractive, how to gain more from it [ad_1] Indian investors have predominantly preferred debt. According to the Reserve Bank of India (RBI) data on the split of financial assets of households for the period ended March 2022, 52% of the financial assets were held in deposits. Moreover, in the last ...