News articles tagged Public Sector Banks

PNB reduces home loan above Rs 50 lakh by 0.50% to 6.60%.

PNB reduces home loan interest rates above Rs 50 lakhs to 6.60% and waives processing fees as part of its Festival Bonanza

Indiabulls Housing slashes lending rates by 15bps

Indiabulls Housing reduces home loan rates by 0.15% to 10.25%, valid till November end for loans under Rs 25 lakh.

Unitech is looking for restructuring loan

Unitech seeks to restructure Rs 800-crore loan from public sector banks, amid debt burden of Rs 2,500 crore due by March '09

Rs 1 trillion fund for infrastructure sector advocated

Assocham Urges Govt to Establish Rs.1 Trillion Revolving Fund for Infrastructure Firms Amid Global Meltdown

Home buyers can expect a better deal in the New Year

The real estate market in 2009 is expected to become more buyer-friendly due to property and home loan rate cuts, benefiting both borrowers and developers.

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

Public sector banks cut home loan interest rates, benefiting buyers in Mumbai's outskirts and other cities. The move aims to support the housing market, but some experts believe a greater impact would require higher loan limits and increased consumer confidence.

Rate cut may not prop up metro realty

Public sector banks' interest rate cut for home loans up to Rs 20 lakh may induce some buying in the property market, but developers and experts believe it's not enough for a major boost.

Capital won't be issue for big realtors

Fund-starved realtors may receive relief as banks consider lending on a case-by-case basis, especially for those with genuine liquidity issues. This follows PM Manmohan Singh's assurance and RBI's recent moves to provide liquidity.