Tag: Public Sector Banks

Bank lending to residential sector increased in 2009-10

August 3, 2010 – 8:28 am

In 2009-10, the lenders such as Jammu & Kashmir Bank, Union Bank of India, ICICI, Bank of India and Canara Bank reduced lending to the some sectors of real estate. As per the data provided by banks, the largest private sector bank, ICICI reduced its lending to realty by 17 % and to capital markets […]

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Government plans another package for real estate

December 26, 2008 – 2:12 am

Government is planning another round of home loan package to make purchase of a house within the reach of middle class. PSB announced a home loan rate-cuts for homebuyers, a week ago. But, it was found that the package was far from expectations of both the public and developers. In that package, home loan up […]

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Rate cut may not prop up metro realty

December 16, 2008 – 2:33 am

The move to reduce interest rates for home loans up to Rs 20 lakh by public sector banks may induce some buying in the property market and prompt developers to build more low-cost homes. However, according to developers, this may not be enough to provide a major boost to the residential property market immediately. Some […]

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Home loan interest cut won’t help flat buyers of mumbai

December 16, 2008 – 2:33 am

Home buyers looking for flats on the outer fringes of Mumbai and other cities like Nashik and Pune will benefit the most from the reduction in the interest rates by public sector banks on Monday. Public sector banks announced that home loans up to Rs 5 lakh would be given at a maximum interest rate […]

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