There are innumerable advertisements in newspapers and on the internet regarding the attachment or taking over the possession of the properties, who have defaulted the repayments by financial institutions/banks and such properties are being auctioned by the financial institutions and the banks. Some very interesting facts: a. The deliberate default of the loan repayment - … Continue reading BANK ATTACHED OR AUCTION PROPERTIES – WATCH OUT – BEWARE
THE REALTY MAJOR PREFERS AN APPEAL BEFORE SAT FOR RELEIF
DLF APPEAL DLF has sought interim relief from the Securities Appellate Tribunal (SAT) to allow it to redeem funds locked in mutual funds and other instruments. Pleading for relief, DLF, said it needed to redeem funds, including around Rs.2,000 crore locked in mutual funds as also through redemption of some bonds worth thousands of crores, … Continue reading THE REALTY MAJOR PREFERS AN APPEAL BEFORE SAT FOR RELEIF
SPECIAL AND ADDITIONAL CRITERIA WHICH WILL ADD THE GUIDELINE VALUE TO PROPERTIES IN BANGALORE FOR REGISTRATION
ADDITIONAL CRITERIA, WHICH WILL INCREASE THE GUIDLINE VALUE/MARKET VALUE/CIRCLE RATES OF THE REGISTRATION VALUE OF THE PROPERTIES IN THE BANGALORE URBAN AND RURAL DISTRICT. (PROVISIONAL) 4. Calculation of valuation in respect of special amenities provided in respect of Apartments/Villas/ Villaments/Tenements/Cluster Houses or Row Houses Etc., 1. For any 5 groups of special amenities No … Continue reading SPECIAL AND ADDITIONAL CRITERIA WHICH WILL ADD THE GUIDELINE VALUE TO PROPERTIES IN BANGALORE FOR REGISTRATION
RBI DIRECTION ON CHEQUE RETURN CHARGES – Levy Cheque return charges only if customer is at fault
RBI/2012-13/493 DPSS.CO.CHD.No. 2030/03.06.01/2012-2013 May 7, 2013 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs /Local Area Banks Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, Delay in re-presentation of technical return cheques and levy of charges for such returns As … Continue reading RBI DIRECTION ON CHEQUE RETURN CHARGES – Levy Cheque return charges only if customer is at fault
NON – CTS CHEQUES/CHEQUE HOLDERS- REPLACE IT -NON-CTS CHEQUES WILL BE OUT OF CIRCULATION
NON-CTS CHEQUES WILL BE OUT OF CIRCULATION FROM 31-12-2012-RESERVE BANK OF INDIA DO YOU HAVE POST DATED NON - CTS CHEQUES? GET NEW CHEQUES OR REPLACE!!!! The Reserve Bank today asked non- banking financial companies (NBFCs) to replace post-dated cheques issued to them by customers with new standardised cheques with improved security features. NBFCs accept post-dated … Continue reading NON – CTS CHEQUES/CHEQUE HOLDERS- REPLACE IT -NON-CTS CHEQUES WILL BE OUT OF CIRCULATION
HOUSING LOAN – MASTER CIRCULAR – RBI – 02-07-2012
Date: Jul 02, 2012 Master Circular – Housing Finance RBI/ 2012-13/73 DBOD. No.DIR.BC.07/08.12.001/2012-13 July 2, 2012 Ashadha 11, 1934, (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Master Circular – Housing Finance Please refer to the Master Circular DBOD No. Dir. BC. 03 /08.12.001/2011-12 dated July 1, 2011 consolidating the instructions / guidelines issued … Continue reading HOUSING LOAN – MASTER CIRCULAR – RBI – 02-07-2012
UNIFORM INTEREST RATE TO ALL HOME LOAN BORROWERS – NHB AND RBI
NATIONAL HOUSING BANK AND THE RBI- pass on the benefit of lower interest rates uniformly to all customers RBI has directed the top banks to charge lower home loan rates to old customers instead of just using the lower interest rates to pull new borrowers. But lenders continued to resist the proposal, citing cost mismatch. The contentious issue cropped … Continue reading UNIFORM INTEREST RATE TO ALL HOME LOAN BORROWERS – NHB AND RBI
SAVINGS BANK DEPOSIT INTEREST RATES GO UP !
A Private sector `YES Bank` on Tuesday has raised savings deposit rate for all savings accounts by 200 basis points to 6%. It is also reliably learnt that other banks will follow this suit to attract SB account deposits.
RBI TIGHTENS THE SCREWS ON LENDING
There has been a substantial increase in bad loans and this is primarily because public sector banks have been very lenient on willful defaulters and on real estate sectors. The Reserve Bank of India (RBI) has asked banks to focus on recovery and follow a stringent credit appraisal procedure. The RBI has asked banks to remain cautious in the wake of a higher-than-expected … Continue reading RBI TIGHTENS THE SCREWS ON LENDING
HOME LOANS AND RBI DIRECTIONS
Banks Can Give up to 90 Percent on Home Loans not exceeding Rs. Rs 20 Lakh The RBI has empowered the Banks to give up to 90 per cent of the value of the property in case of small value home loans up to Rs 20 lakh. But in case of loans above Rs 20 … Continue reading HOME LOANS AND RBI DIRECTIONS
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