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Banks such as Axis, ICICI, and HDFC offer 4 percent interest, while Yes Bank and Kotak offer 6 percent. RBL Bank offers 7.1 percent interest, but only for accounts with a balance of above Rs. 10 lakh.
Lending to affordable housing is growing but without banks. Note that there is no cap on the cost of the house purchased or even the total loan amount. According to brokerage firm jefferies india pvt. Ltd, the average cost of a house covered under the government’s scheme for urban centres is about Rs 5.65 lakh.
Among the home-grown private companies that do not offer paternity leave are India’s biggest private-sector employer TCS, tobacco-to-hotels giant ITC, FMCG player Emami, ICICI Bank and L&T.
BENGALURU: Combo products hopefully pick up steam with Bajaj Allianz Life and General insurance companies partnering to launch the third such product in India. sum insured between Rs 1.5-50 lakh..
Seniority, an RPG group-owned company that offers a wide range of healthcare and leisure products for senior citizens, launched its fourth retail store pan-India – and the second one in the South -.
Debt blamed in credit crisis could help Canada with housing risk The same type of debt blamed in the U.S. credit crisis could. – The type of securities blamed for triggering a credit crisis in the U.S. a decade ago could now be part of the solution in Canada, where a cooling housing market is a key risk to its $1.7 trillion economy.
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