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Losses for technology and banks take US stocks lower

FILE – This Tuesday, Oct. 25, 2016, file photo shows the New York Stock Exchange at sunset, in lower Manhattan. U.S. stocks are skidding early Thursday, Aug. 3, 2017, as banks, technology and health companies all start the day lower. Prescription drug distributor AmerisourceBergen and women’s health diagnostic company Hologic tumbled, while a solid quarter from cereal maker Kellogg helped ... Read More »

DDA Housing Scheme: Some banks agree to finance registration fee

After the Delhi Development Authority (DDA) held several meetings with them, some banks are likely to finance the registration fee for DDA’s newly launched 2017 housing scheme, while others continue to be hesitant. Earlier, eight banks that DDA had tied up with announced that they will not be able to finance the fees. However, some senior DDA officials took control ... Read More »

Foreign Banks Reduce Lending to U.K. Commercial Real Estate

North American banks cut new lending for U.K. commercial property by more than half last year as a market slowdown reduced the number of big deals being done. Banks focused more on refinancing existing loans than extending new credit, a trend that favored domestic firms, according to a survey of 77 lenders by De Montfort University. U.K. banks and building societies were ... Read More »

RBI proposes wholesale, long-term finance banks

The Reserve Bank of India (RBI) on Friday proposed to float wholesale and long-term finance (WLTF) banks that would fund long-term high-value projects — something similar to the development finance institutions (DFIs) of the past. “Going forward, considering the existing landscape of banking and non-banking services in the country, it is felt that there is a need to explore the ... Read More »

How to Download UPI Apps by SBI, HDFC, ICICI, and Other Banks on Android and iPhone

HIGHLIGHTS UPI apps by 21 banks, such as SBI, HDFC, ICICI, are available now All banks have released Android apps for UPI, and a few have iOS apps too UPI allows you to make transactions online directly from bank accounts While mobile wallets have capitalised on Prime Minister Narendra Modi’s demonetisation drive and emerged as the big gainers, the government-backed ... Read More »

Realtors need Banks To decrease home mortgage hobby prices

New Delhi: Realtors’ our bodies CREDAI and NAREDCO on Tuesday said the Reserve bank of India musttake measures to ensure that banks bypass at the blessings of preceding coverage fee cuts to clients asthis will revive housing demand. The RBI on Tuesday left borrowing costs unchanged however signalled a prospect of hobby rate discountlater this yr if strong monsoon rains ... Read More »

govt to installation new goals for PSU banks

photo: Bloomberg Mumbai/New Delhi: The government is about to overhaul annual targets for public region creditors this month, finishing a focal point on size that has lengthy encouraged banks to inflate their loans and deposits on the year–cease to hit increase targets. Banking and authorities sources stated the brand new targets, to be discussed at meetings withpinnacle nation bank officers ... Read More »