Tag: State Bank Of India

Air India to Lease its Delhi Assets to Govt. Entities

Receiving good response from the government entities, Air India now plans to lease its properties to them while discarding the applications by the private sector companies. Air India is really happy that their plan to lease its assets in Delhi will be a great success. The airlines hope that their lease plan will fetch a […]

ICICI Bank of India eyes growth after strong Q4

ICICI Bank, India’s No. 2 lender, posted on Friday a larger-than-expected 31 percent rise in quarterly profit and forecast a higher growth rate for domestic loans and stable asset quality for the coming year. Loan demand in India is expected to pick up after the central bank last week cut its benchmark lending rate for […]

DLF plans to refinance ECB at 7%

Photo by abrinskyDLF, India’s leading real estate developer is approaching domestic banks like State Bank of India (SBI) and ICICI bank to refinance a 300 million USD loan it had raised last year through external commercial borrowings (ECB). The debt of company might get refinanced at a rate of around 7%. The refinancing will be […]

Bank lending to residential sector increased in 2009-10

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 […]

Banks’ Exposure to Realty

May 03, 2010 In the time span of April 2009 to December 2009, the advances to commercial realty sector by the State Bank of India group (SBI) jumped 56%. This is in contrast with the growth of the banking sector which was no more than 1% in this time period. As per an answer to […]

Hope of Home Loan Relief Plan Extension by SBI

Photo by seaview99March 25, 2010 After the budget 2010, SBI brings a gleam of hope for home loan borrowers as it plans an extension in the home loan relief plan. SBI, the State Bank of India, one of the largest lenders in India, has indicated that although there would be slight changes, but it may […]

Slowdown Of Real Estate Affects Loan Industry

The slowdown in the real estate sector has started impacting the securitization of loans to the industry. The demand for such securities has dried up as debt mutual funds turn wary and cut exposure to these securities, considered the most illiquid of tradable papers. The market for loan securitization was Rs 31,000 crore, of which […]

SBI To Review Home Loan Rates

Country’s largest lender State Bank of India on Tuesday said that it would review the interest rates on home loans in the next 10 days. SBI Chairman O P Bhatt told, “We are still examining the market condition and will take a view on home loan rates in another week or 10 days”. SBI had […]