According to this new scheme, homebuyers will only have to pay the principal amount till they get the possession of the housing project, or 48 months from the date of first disbursement, whichever is earlier. During this period, interest has to be paid by the borrower on the amount disbursed. … [Read more...] about LIC Housing starts 2020 home loan offer, no principal repayment till possession
All the candidates appearing in the list including empanelment list, are advised to contact the Manager(P&IR) of the Division, by 16.01.2020 to get the information about further process of recruitment. The address is given at the bottom of merit list. … [Read more...] about LIC Assistant Mains Result 2019 declared, here’s how to check merit list
NEW DELHI: LIC-controlled IDBI Bank on Wednesday said Suresh Kishinchand Khatanhar has taken charge as its Deputy Managing Director. "The board of directors, at its meeting held on January 15, 2020, has approved the appointment of Suresh Kishinchand Khatanhar as Deputy Managing Director (DMD) on the board of IDBI Bank for a period of 3 years with effect from the date of his taking charge, as per the RBI approval received in this regard," IDBI Bank said in a filing to BSE. Khatanhar took charge as DMD on Wednesday, the filing said. "Suresh Kishinchand Khatanhar is not related to any other director on the board or Key Management Personnel (KMP) of IDBI Bank," it said. He is presently working with IDBI Bank as Executive Director heading Mid Corporate Group and Trade Finance. Khatanhar has exposure in retail banking business, priority sector lending, corporate banking (mid corporate and large corporate), service oriented functions such as trade finance and cross selling of various … [Read more...] about Suresh Kishinchand Khatanhar takes charge as deputy MD of IDBI Bank
IDBI Bank has appointed Suresh Khatanhar has been appointed as Deputy Managing Director on January 15, 2020 for a period of 3 years. Prior to his appointment as DMD Khatanhar was Executive Director heading mid corporate group and trade finance. He’s has been with IDBI for 22 years where he managed several roles of commercial banking, and before joining IDBI Bank in 1997 he was associated with Dena Bank.. IDBI Bank in a regulatory filing to the stock exchange said, Suresh Kishinchand Khatanhar is not related to any other director on the board or Key Management Personnel (KMP) of IDBI Bank Khatanhaar is also a Certified Associate from the institute of Cost & Works Accountant of India (AICWA) and Certified Associate of the Indian Institute of Bankers (CAIIB). His 35 years of career spans across retail banking business, priority sector lending corporate banking, trade fiannce, risk management, audit management, credit management and monitoring and other facets of commercial … [Read more...] about IDBI Bank appoints Suresh Khatanhar as Deputy Managing Director.
It's not just about lowering interest rates to lure home loan buyers anymore. Banks and housing finance firms are sweating it out to grow their books as the economic slowdown and rising competition has hit growth substantially. The growth in outstanding home loan balances halved in the third quarter of the last fiscal to 10% from 20.3% in the year-ago period despite banks slashing rates several times in the last fiscal, according to data by credit information firm TransUnion CIBIL. For housing finances companies, the growth was 7.89% against 23.2% a year ago while for the affordable housing segment it slumped to 4.1%. Similarly, growth in outstanding balances in loan against property more than halved to 11.6% in Q3 against 29% a year ago.Rate cutsBanks are aggressively cutting rates to tide over the crunch pushing them down to 7% region. The State Bank of India has taken the lead by slashing external benchmark rates by a quarter percentage point and other home financiers are likely … [Read more...] about Banks go all out to lure borrowers as home loan growth halves