2017-09-23 :Subsidy on home loans under PMAY till March 2019
The government has extended the benefits of the interest subsidy scheme on home loans under the Pradhan Mantri Awas Yojana or PMAY (Urban) by 15 months beyond December this year. Accordingly, the interest subsidy of up to Rs. 2.60 lakh on home loans for the middle-income group (MIG) will be available till March 2019.
2017-09-23 :Vijaya Bank, Dena Bank eye merger
The two mid sized PSU banks- Vijaya and Dena are in initial talks for a possible merger. The alliance is based on the geographical outreach of both banks. Vijaya has a strong presence in southern states while Dena has presence in Maharashtra and neighbouring states
2017-09-23 :L-G denies claim for blocking higher education loans for Delhi students
The Delhi government said it will not be able to give higher education loan to students this year accusing the Lieutenant Governor of refusing to approve the scheme that was sent to him recently with some amendments. But the L-G office has denied any such claims, saying that there has not been any rejection of the scheme.
2017-09-23 :Bajaj Finserv reduces personal loan interest rate to 11.99%
India`s most diversified financial services company will offer special interest rate of 11.99% on a loan value of Rs. 12 lakh and above through its lending and investment arm, Bajaj Finance. Loans amount of Rs. 8 lakhs to Rs. 11.99 lakhs can be availed at an interest rate of 13.49%, and loans between Rs.5 lakh and Rs.7.99 lakh at 13.99%. This offer is valid till September 25, 2017.
2017-09-23 :IRCTC denies reports of some banks' cards barred for payment
Mr. Nalin Kumar Kateel reviewed Jan Dhan accounts in some banks, noticing that some accounts had become de-active while in some other banks, the accounts of targeted beneficiaries were not opened. He asked the banks to immediately activate deactivated accounts, Giving priority to people in rural areas.
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