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19 June, 2018 2:00 PM RBI revises upwards housing loan limits under priority sector

Housing loans of up to Rs 35 lakh, for dwellings costing less than Rs 45 lakh, will be treated as priority sector lending (PSL) to give a fillip to the low-cost segment, the Reserve Bank said today. PSL loans are relatively cheaper than market interest rate. "With a view to bringing convergence of the PSL guidelines for housing loans with the Affordable 22

7 June, 2018 4:44 PM HDFC Bank increases lending rate by 10 bps

HDFC Bank , the second largest private sector lender of the country, increased its marginal cost of fund-based lending rate (MCLR) by 10 basis points (bps) across various loan tenures. As a result, its one-year MCLR is now at 8.4%. The new rates came into effect from Thursday, according to the bank’s website. The move comes after all major banks, including 36

6 June, 2018 11:07 AM Urban cooperative banks now have a chance to become small finance banks

Based on recommendation made by the High Powered Committee in August 2015, the central bank has decided to allow voluntary transition of Urban Cooperative Banks (UCBs) into Small Finance Banks (SFBs). Based on recommendation made by the High Powered Committee, the Reserve Bank of India (RBI) on Wednesday decided to allow voluntary transition of Urban 45

24 May, 2018 5:26 AM Buy Bajaj Finserv: Equity99

"We believe Bajaj Finserv is an attractive play on long term structural theme of financialiasation of savings in the economy," says Sumit Bilgaiyan of Equity99. Bajaj Finserv reported strong results for Q4FY2018 on back of healthy performance across all its businesses. On a consolidated basis, total income from operations increased by 25.4Â percent YoY and net profit 54

22 May, 2018 5:05 PM JM Financial Credit Solutions to raise Rs 750 cr via NCDs

Non-banking financial company, JM Financial Credit Solutions said it will raise up to Rs 750 crore by issuing bond next week. The non-banking financial services (NBFC) arm of JM Financial group said issue of its non-convertible debentures (NCDs) will open on May 28 with a base issue size of Rs 300 crore with an option to retain oversubscription up to Rs 450 crore 47

10 May, 2018 4:10 PM Indian Bank net slides 59% on provisions

Unfavourable bond market, lack of profit on sale of investments, key factors: CEO Public sector lender Indian Bank has reported an almost 59% decline in standalone net profit for the fourth quarter ended March 31, 2018 at ₹131.98 crore from ₹319.70 crore in the year earlier period due to higher provisioning. “Profit has come down in the fourth quarter 44

10 May, 2018 1:30 PM Bhuvan Bam is excited about Deadpool

MUMBAI: Comedian Bhuvan Bam is lending his voice to the character of Indian cab driver Dopinder in the Hindi version of Ryan Reynold's Deadpool 2. The film tells the story of an adult superhero with a twisted sense of humour. Based on Marvel Comics' most unconventional anti-hero, Deadpool is the original story of a former Special Forces operative who turns 48

8 May, 2018 12:54 PM Avoid Indostar Capital Finance: ICICI Direct

ICICI Direct has come out with its report on Indostar Capital Finance Ltd. The research firm has recommended to "Avoid" the IPO in its research report as on May 8, 2018. Strong corporate lending business Indostar has a strong corporate lending business (3969 crore) and SME loans ( 1173 crore)  and recently started vehicle finance and housing 37

4 May, 2018 4:05 PM India Inc foreign borrowing swells 20% in March at $5.07 bn

India Inc raised USD 5.07 billion via external commercial borrowing (ECBs) and rupee-denominated bonds (RDBs) in March 2018, up by 20 per cent from the same month last year, the RBI data released today showed. Indian companies had raised USD 4.24 billion from foreign sources in March 2017. Under the approval route, HDFC Bank raised USD 500 million for on-lending 48

27 April, 2018 9:21 AM Yes Bank may give 50% upside by FY19 end: Akash Jain

"After this strong performance, we would not be surprised if it delivers 50 percent upside from current market price by FY19 end," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services. We believe Yes Bank will get rerated after reporting stellar Q4FY18 results. Before results, we were expecting an upside of 30 percent plus by FY19 end. After 56