Refinancing now accounts for more than 57 per cent of all mortgage applications, the data show, above the historic median of 48 per cent
Before the new role, Rampal was the Group Head - Business Banking Working Capital, Rural Banking Group, and Sustainability Livelihood Initiative at HDFC Bank
Cost of finance to housing firms is a concern, considering the inherent risks in the industry, said Adhikari
Pointing to economic spinoffs, such as creating jobs, Dinesh Khara, chairman, says it's time to revisit tax benefits for loans
The company aims to provide guarantees worth Rs 7K cr in FY24
There is confusion among buyers regarding the distinction between land and a house due to issues with land records and opaqueness
The five-year loan prime rate (LPR) was lowered by 25 basis points to 3.95 per cent from 4.20 per cent previously, while the one-year LPR was left unchanged at 3.45 per cent
Dinesh Khara and Deepak Parekh spell out measures to boost country's mortgage financing at the Business Standard-IMGC India Mortgage Leadership Conclave
It's an almost farcical conclusion to 12 months of trading that saw rates on the benchmark - a global anchor for markets and US mortgage rates - tumble to as low as 3.25 per cent
Mortgage firm SRG Housing Finance plans to achieve Rs 750 crore asset under management (AUM) during the next financial year, a top company official has said. "We have achieved AUM of Rs 500 crore in the last quarter. We hope to achieve the next milestone of Rs 750 crore in 2024-25," SRG Housing Finance Managing Director Vinod Kumar Jain told PTI. The company got listed on bourses in August this year. Currently, Rajasthan and Gujarat contribute about 60 per cent of its business. The mortgage firm plans to expand its footprint in southern states. The company will also open its branches in Andhra Pradesh, Telangana and Karnataka in the next few months, Jain said. Also, from April next year, the treasury and pan India business team will work from Mumbai, he added. During the second quarter of the current financial year, the mortgage firm recorded 20 per cent growth to Rs 5.26 crore compared to Rs 4.39 crore a year ago. Its total income stood at Rs 31.20 crore, with a growth of 37.9
The average 15-year rate also jumped to 6.46 per cent. It was up from 6.34 per cent the week prior and was also the highest level since April 2002
Constellation had also agreed to buy Black Knight's Empower loan origination system business in March, a deal that analysts said may not be enough to quell concerns over ICE's $11.7 billion proposal
Company runs programme that offers loans to women who don't have formal income documentation
Lower cost of funds will help HDFC Bank after merger
"Urbanisation in India is an irreversible trend. Currently 32 per cent of the population reside in cities and this is expected to be 40 per cent by 2030," Parekh said
CMI findings show a marked increase in demand for credit cards and personal loans, indicating growing adoption of consumption-led credit products that provide convenience and liquidity
Not doing so can hurt buyer even years later, when he tries to sell the unit
HDFC is stepping up borrowing from notes because its merger with HDFC Bank Ltd. will make accessing the bond market more difficult
'Good sustenance in home buying', says mortgage lender in statement
Indian property cycle has multi-year pent-up demand and is more dependent onpricing sentiments (now strengthening) instead of mortgage rates.