Economic Survey favours banking licences for industrial houses

25 Feb, 2011, 02.30PM IST,PTI

NEW DELHI: Pitching for industrial houses wanting to set up banks, the Economic Survey today said that they should be given banking licences to promote the goal of financial inclusion.

"As regards allowing industrial houses, business houses and NBFCs to promote banks, they may be allowed full banking license with provision for avoiding conflict of interest issues," the 2010-11 Survey tabled in Parliament by Finance Minister Pranab Mukherjee said.

Economic survey 2011: Finally, some bonding with debt market

26 Feb, 2011, 03.09AM IST,ET Bureau 

Short-Sell Govt Bonds

Development of bonds markets, which has been debated for nearly two decades, has got some attention. To develop the market, rules on short selling of government bonds have to be eased, says the Economic Survey . Bond holder rights need to be enhanced by making provisions in the Recovery Act, which is essential for investors to get attracted. The amendment of the Stamp Act to reduce the cost of transactions is also needed for transactions in bond markets to increase.

RBI rejects NBFCs' parity demand

 25 Feb, 2011, 02.18AM IST,ET Bureau

MUMBAI: RBI has rejected the demand for level-playing field by NBFCs on par with banks.

Responding to a presentation made by NBFC representatives, RBI deputy Governor Shyamala Gopinath said: " banks were governed by separate and more stringent set of rules and they have various statutory liquidity requirements. So there is no point in asking for parity with banks."

Rising NPAs of SBI group come under Parliamentary panel lens

Business Line : New Delhi, Feb, 22

A Parliamentary Panel has asked the Government to assess the reasons for rising non-performing assets (NPAs) of the State Bank of India (SBI) group. The Government has been asked to spell out the policy on merging the subsidiary banks with SBI. 

Tender Form II to participate in a Foreclosure Sale

Here is an another format for the Tender Form to participate in a Foreclosure Sale this one is simpler than the last one. Tender Sample 1

How to buy a house 20% below market price

Published: Friday, Feb 18, 2011, 3:09 IST
By Abitha Deepak | Place: Mumbai | Agency: DNA 

Thinking of buying a house? Then you must be doing some research to be able to steal a deal.
But, did you know you can actually get a house at almost 20% below the current market price? Yes, even in this day and age, the sharp runup in property prices notwithstanding.
This is because several banks periodically conduct home auctions which can help you buy a house at cheaper rates.
Here’s an overview on home auctions.

Tender Form to participate in a Foreclosure Sale

Several of you have wondered about the Tender Form required to participate in the bank auction.

So here I'm posting the general format of the Tender Form ... so you can familiarize yourself with the basic rules of the tender.

How to participate in an Bank Auction ?

 

The first Question all of you ask yourself after visiting our site foreclosureindia.com is -

How do i participate in an auction?

So here is the Step by Step process of how the auction is conducted and what you have to do to participate in it: