Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit

Listed housing finance companies (HFCs), as a group, posted a 3.7 per cent drop in second-quarter (Q2) profit year-on-year (YoY) to Rs 5,830 crore and 19 per cent sequentially on rise in interest......

Borrowers spoilt for choice as banks cut loan rates

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts. Illustration: Uttam Ghosh/Rediff.com Banking giants State Bank of......

NBFCs need fresh capital to be in race

Most NBFCs will have to slow down their loan growth.Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital.Others may have to knock......

CanBank slashes home, car loan rates

Canara Bank, the Bangalore-based public sector bank, has slashed interest rates on vehicle loans and home loans, which will be effective for all loans taken after August 1, 2009. Following the......