After having a healthy trading throughout the day LIC Housing Finance emerged as one of the top gainers with a gain of Rs. 69.90 (8.57 percent). During the day the company traded in the range of Rs. 815.55 - 893.90 with trades of 1,338,535 shares. The company has P/E ratio of 13.78.
LIC Housing Finance is an India-based company. The company is engaged in the business of providing loans for purchase, construction, repairs and renovation of houses/flats to individuals, corporate bodies, builders and co-operative housing societies and has its operations within India. The company's subsidiaries include LICHFL Care Homes, which is engaged in the business of setting up, running and maintaining assisted living community centre/ care homes for senior citizens; LICHFL Financial Services, which is engaged in the business of marketing various financial products and services; LICHFL Asset Management Company, which is engaged in business of managing, advising, administering mutual funds, unit trusts, investment trusts and to act as financial and investment advisors and render financial advisory services, and LICHFL Trustee Company, which acts as a trustee to venture capital trusts and funds.
With 2,239,999 units of shares HDFC Top 200 Fund holds the largest number of shares in LIC Housing Finance. Other housing finance companies also ended the day on high note with GIC Housing Finance and IND Bank Housing gaining 2.09 and 2.90 percent, respectively. Out of 13 stock analysts following LIC Housing Finance, the consensus recommendation is hold, while four recommended buying the stock.
Also Get Info on LIC Credit Card Product.
Tuesday, March 30, 2010
Thursday, March 25, 2010
Chanda Kochhar MD and CEO of ICICI Bank
Chanda Kochhar is managing director and chief executive officer of ICICI Bank, India's largest private sector bank, which has helped spearhead the rise of the country's middle class with its home mortgages and car loans.
While India has avoided some of the worst affects of the global debt crises, she told the Wall Street Journal that ICICI Bank and others in India have had to slash their unsecured retail lending because too many consumers were refusing to pay their credit card and personal loan bills.
While India has avoided some of the worst affects of the global debt crises, she told the Wall Street Journal that ICICI Bank and others in India have had to slash their unsecured retail lending because too many consumers were refusing to pay their credit card and personal loan bills.
Overseas acquisition might be considered by SBI
It has appeared that the State Bank of India, which is India's biggest lender, has opened its doors for overseas acquisitions, if in case there is synergy in business.
O P Bhatt, Chairman explained that if they meet an opportunity for foreign acquisition they will see it but it should fit in their environment, public sector culture, business, our clientele.
Bhatt further said that the bank has an enormous international network itself and also informed that presently its global operations contribute nearly 14 pct to the top line.
A hike by 54 per cent to Rs 86,267 crore was seen in the SBI's international credit portfolio during 2008-09, against Rs 56,196 crore in the previous year.
SBI had a network of 92 offshore offices spread over 32 countries covering all time zones at the end of March 2009.
It should be noted that 37 branches, five sub-offices, 8 representative offices, 35 branches of subsidiaries, three managed exchange companies and four joint ventures are included in the 92 offices.
Nine outlets were opened last fiscal by the bank along with its subsidiaries and joint ventures abroad. These outlets also had full-fledged retail operations, in Singapore.
Apart from this, it also launched three new branches and seven ATMs with the aim of enhancing retail operations in Singapore.
It network was added with one branch and a sub-office in Male and a representative office in Tianjin in China was made operational.
O P Bhatt, Chairman explained that if they meet an opportunity for foreign acquisition they will see it but it should fit in their environment, public sector culture, business, our clientele.
Bhatt further said that the bank has an enormous international network itself and also informed that presently its global operations contribute nearly 14 pct to the top line.
A hike by 54 per cent to Rs 86,267 crore was seen in the SBI's international credit portfolio during 2008-09, against Rs 56,196 crore in the previous year.
SBI had a network of 92 offshore offices spread over 32 countries covering all time zones at the end of March 2009.
It should be noted that 37 branches, five sub-offices, 8 representative offices, 35 branches of subsidiaries, three managed exchange companies and four joint ventures are included in the 92 offices.
Nine outlets were opened last fiscal by the bank along with its subsidiaries and joint ventures abroad. These outlets also had full-fledged retail operations, in Singapore.
Apart from this, it also launched three new branches and seven ATMs with the aim of enhancing retail operations in Singapore.
It network was added with one branch and a sub-office in Male and a representative office in Tianjin in China was made operational.
Monday, March 8, 2010
The accurate Calculator Tools to Know Your Home Loan Eligibility
Every couple dreams of owning a pleasant innovative house. Getting the house is however much more difficult than dreaming about one. You would first need to obtain the correct home loan that would suit you. A home loan calculator could greatly help you in picking out the accurate type of home loan for you.
There are so many options when it comes to option out a home loan. You are jump to realize this if you do a simple online search about home loans. You would also see that there are many websites with home loan calculators. However, some of these devices could have certain advantages over others like it. Some home loan calculators could be more accurate and could be more comprehensive than others. In order to get a correct and realistic estimate regarding your home loan, it's essential that the device you use for this purpose functions properly.
You could use various home loan calculators in different websites to find out from where you would be able to obtain your low interest Home Loan Rates. By comparing the different results that you get, you could get an understanding about this. However keep in mind that home loan calculators, even the most sophisticated ones, would only give a rough idea of the kind of home loan that you would be able to get. Other matters need to be taken into account so home loan calculators should not be your one and only guide when obtaining a home loan.
You can find the maximum amount that you could borrow, the maximum amount that you can afford and the rate of basic interest that you could get, through the use of a home loan calculator. Some of these devices have other helpful functions, like providing a list of mortgage brokers and providing various comparison tools. This could greatly help you in getting an idea about the kind of home loan that would suit you.
In order to get such information from a calculator home loan, you may have to enter information regarding your income, the rate that you prefer, the value of the property in question and the period of the home loan. Criteria could change at least a little bit between different home loan calculators but the basic questions asked would probably not vary all that much.
If you do have any ideas of getting a home loan just find a good home loan calculator and resolve any doubts that you might have.
There are so many options when it comes to option out a home loan. You are jump to realize this if you do a simple online search about home loans. You would also see that there are many websites with home loan calculators. However, some of these devices could have certain advantages over others like it. Some home loan calculators could be more accurate and could be more comprehensive than others. In order to get a correct and realistic estimate regarding your home loan, it's essential that the device you use for this purpose functions properly.
You could use various home loan calculators in different websites to find out from where you would be able to obtain your low interest Home Loan Rates. By comparing the different results that you get, you could get an understanding about this. However keep in mind that home loan calculators, even the most sophisticated ones, would only give a rough idea of the kind of home loan that you would be able to get. Other matters need to be taken into account so home loan calculators should not be your one and only guide when obtaining a home loan.
You can find the maximum amount that you could borrow, the maximum amount that you can afford and the rate of basic interest that you could get, through the use of a home loan calculator. Some of these devices have other helpful functions, like providing a list of mortgage brokers and providing various comparison tools. This could greatly help you in getting an idea about the kind of home loan that would suit you.
In order to get such information from a calculator home loan, you may have to enter information regarding your income, the rate that you prefer, the value of the property in question and the period of the home loan. Criteria could change at least a little bit between different home loan calculators but the basic questions asked would probably not vary all that much.
If you do have any ideas of getting a home loan just find a good home loan calculator and resolve any doubts that you might have.
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