ANALYSIS: Dip in India’s Savings Rate – More of Consumption, Less of Assets

Recent Reserve Bank of India (RBI) data on a sharp fall in savings rate of Indian households during the last financial year has created a lot of controversy. Critics of the current government alleged that the sharp fall in savings rate to 5.1% of GDP — the lowest in 47 years and considerably lower than […]

Repco Home Finance raises Rs 100 cr by private placement

Repco Home Finance Ltd said it raised Rs 100 crore through private placement by allotting 1,000 non-convertible debentures. The face value of the secured redeemable non-convertible debentures are Rs 10 lakh each. Repco Home Finance Ltd (RHFL) is a housing finance company headquartered in Chennai, Tamil Nadu. The company was incorporated in April 2000. RHFL […]

Tata Homes, SBI make special home purchase offer to govt officials

Tata Homes and SBI signed an agreement under which the two companies will make special offers to people who hold their salary accounts in the bank and want to purchase a Tata Homes property with an SBI loan. The nature of these offers was not revealed, but it is estimated that they could involve some […]

SBI offers discount on home loan EMIs for government servants

State Bank of India, the public sector bank, announced a new scheme under which government and defence employees can get several concessions on home loans including a slower interest rate. Under the scheme, government employees will get an interest rate concession of 5 basis points (0.05%) over the Home Loan Card Interest Rate is available […]

SBI, tie-up for home loan origination

State Bank of India (SBI), the largest bank in India, has entered into a Tripartite memorandum of understandingn with and SBI CAP Securities Ltd to provide one more online platform for applying for SBI Home Loans. “This partnership will help the Bank Under this arrangement, the Bank will be able to display its Home […]