Good news for home loaners, India’s top lender State Bank of India recently announced to relief in retail rates with cut by up to 50 basis points, 0.25-0.60 %.
As per SBI revised plan, Car loans above Rs. 75 lakh will be charged 10.40% interest rates from existing 11.25%, while Home Loans of Rs. 30 lakh- Rs. 75 lakh will be charged to 10.40%, from 10.75%.
People who lend money upto Rs. 30 lakh will now pay interest with 10.25% from current 10.50%. Read more
One by one more blow has been raise on the debt laden KFA as today, source reported, all the banks from them airline had raised the loans decided to sell off Kingfisher’s non-core assets to recover their debts.
In the list of Kingfisher’s non-core assets, Mumbai’s House of Kingfisher and CEO Vijay Mallya’s villa in Goa are included. Read more
As per latest business report, beleaguered Kingfisher Airlines is seeking repayment of its debts by selling assets held against their loans raising scope of outside investment.
Loosing the hopes of lenders, as per source, one of Kingfisher’s lenders, ICICI Bank has sold about 4 billion rupees of the Kingfisher Airlines’s assets against debts to a debt fund managed by the Kolkata-based Srei Infrastructure Finance on Monday. Read more
RSS Feed
Advertise With Us || Contact Us || Priyacy Policy || Disclaimer || About Us || Our Editors