Media reports suggest that Ind Bank Housing, the housing finance subsidiary of Indian Bank, may be merged with the parent company by the end of 2012-13, if all regulatory approvals fall into place. Indian Bank wants to merge its housing finance arm because it would help bolster the bankÂ’s retail book, bringing specialist home finance employees, and also as it wo
Tag: housing finance
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Power finance cos to see higher growth
A research report by Avendus Securities stated that power finance and housing finance companies are likely to have better time going ahead while finance companies engaged in the retail sector may see moderation in demand growth.
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Govt relaxes overseas borrowing norms
A high level committee on External Commercial BorroÂwings (ECB) relaxed several norms on overseas borrowings by Indian financial institutions and companies.