The Hindu Business Line : Sunday, December 21, 2008

MONEY & BANKING

CREDIT MARKET: State Bank to offer cheaper loans from New Year
PLR revised downwards by 75 bps, deposit rates by 25-100 bps. Mumbai, Dec. 20 Come New Year, State Bank of India’s borrowers, both retail and corporate, will have something to cheer about. India’s biggest bank has decided to slash ...

INTEREST RATES: Home loan package: Dream home within reach?
For those who thought that owning a home would remain a faraway dream, the new home loan package offered by public sector banks may make the dream a wee bit more attainable. The package has, however, received a sober reception from ...

FINANCIAL MARKETS: It’s financial circumvention, not innovation: Y.V. Reddy
Chennai, Dec. 20 Rules of the game have to change, US has to discover a different financial system due to market failure, said, Dr Y.V. Reddy, former Governor, Reserve Bank of India, during a panel discussion on ‘Causes, Effects and ...

INTEREST RATES: Ready to wait out the slump
Mr Ahon Meh has been planning to buy a house for some time now (name changed on request). Mr Meh, a professional, has been planning to purchase a three BHK flat in Western Ahmedabad and has studied the market in the last few ...

INTEREST RATES: State govts must chip in too
Home loan interest rates are coming down but that is not enough. There is another major contributor to high costs of built-up space — the State governments, say developers. They have to do their bit — expedite clearances of ...

INSIGHT: Make the most of the loan package
The loan package beckons but, where are those ideal pieces of property? Unfortunately, with the package limited to loans less than Rs 20 lakh, your dream property may be found only in ‘cities in the ...

RBI & OTHER CENTRAL BANKS: World Bank to hike lending
New Delhi, Dec. 20 The World Bank has agreed to help India with $3 billion of increased investment as the global financial crisis undermines private financing for the country’s much needed infrastructure ...