Reliance Home Finance defaults on Rs 40 crore loan repayment to Punjab & Sind Bank

The company's total obligation is of Rs 200 crore on a 5-year tenure secured term loan at 9.25 per cent per annum from Punjab & Sind Bank, RHFL said in a regulatory filing. The company has net cash (including cash equivalent, liquid mutual fund investments, fixed deposits etc) of more than Rs 1,500 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NZmjsV

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IDBI Bank doggedly pursuing a second attempt to sell Sholay fame Minerva theatre

In its latest bid, the bank has lowered the reserve price to ₹52 crore.

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Bank lending activity now stronger than last year; credit growth at 6.6% in February

Bank credit during the fortnight ended February 12 stood at Rs 107 lakh crore, up from Rs 105 lakh crore at the end of December 2021.

from Banking & Finance – The Financial Express https://ift.tt/3qqdR2O

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G-Sec yields may soften temporarily if last two weekly auctions are cancelled: ICRA

Government Security (G-Sec) yields could soften temporarily as the Government of India’s (GoI) fiscal deficit may undershoot FY2021 Revised Estimate

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ICICI Bank drops home loan rate to 6.7%

As at most banks, home loan interest rates at ICICI Bank vary on the basis of various parameters such as bureau scores, profile of customers and customer segments, among others.

from Banking & Finance – The Financial Express https://ift.tt/3bki5Vp

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