I expect a minimum double-digit credit growth in FY21: Siddhartha Mohanty, MD & CEO, LIC Housing Finance

The increase in differential between circle rates and agreement values from 10-20% under section 43CA is a welcome move and augurs well for home buyers as well as developers.

from Banking & Finance – The Financial Express https://ift.tt/3eV6RXI

Read more »

NBFCs would have seen collection efficiencies beyond 95% in October: Analysts

Many NBFCs like Cholamandalam Investment and Finance, Shriram Transport Finance and Shriram City Union Finance have done well on the collection front, especially after the lifting of the moratorium by August 31, thanks to the opening up of businesses and the early signs of revival in the economy.

from Banking & Finance – The Financial Express https://ift.tt/2JYgTvA

Read more »

Muthoot Finance loan-to-value currently at 61%

Total weight of gold pledged with the company stood at 163 tonne at the end of the second quarter, against 171 tonne in the corresponding period of last fiscal.

from Banking & Finance – The Financial Express https://ift.tt/3lw6q8u

Read more »

Dewan Housing delays results announcement; to submit on or before Nov 30

Dewan Housing Finance Corporation Ltd (DHFL) on Friday said it is not in a position to submit the audited standalone and consolidated financial statem

from Business Line - Money & Banking https://ift.tt/36BpJHt

Read more »

Standardised insurance cover for vector-borne diseases in the work

The proposed product will be available at all health and general insurers once the guidelines are finalized following a consultation process. As per the draft norms, the product is being envisaged as an annual, single premium policy with optional riders.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ltudpN

Read more »