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Bank see rising stress in retail books: Cibil data

Delinquencies in home loans, one of the biggest contributors of the ongoing retail lending boom, however is marginal with only a 0.22 percent spike to 1.73 percent.

Dec 20, 2018, 11:39 AM IST

HDFC gets RBI nod to raise Rs 3,000 crore more in masala bonds

Having already exhausted a Rs 5,000 crore limit to issue 'masala bonds', mortgage major HDFC on Saturday said the Reserve Bank has granted it permission to raise another Rs 3,000 crore from the newly emerging route.

Dec 17, 2016, 17:57 PM IST

US asks Deutsche Bank to pay $14 billion to settle mortgages case

The U.S. Department of Justice is asking Deutsche Bank  to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany`s flagship lender said on Friday.

Sep 16, 2016, 05:09 AM IST

Credit Suisse to pay $29 million in US regulator's mortgage case

Credit Suisse Group AG has agreed to pay more than $29 million to resolve a U.S. regulator`s claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to court papers filed on Thursday.

Mar 25, 2016, 05:22 AM IST

Ed Sheeran paid off friend's mortgage

London, Oct 27 (IANS) Singer Ed Sheeran helped his childhood friend Amy Wadge to pay off her mortgage by allowing her contribute to his last album “X”.

Oct 27, 2015, 04:29 AM IST

In a first, ICICI launches loan product with mortgage guarantee

In a first in the extremely competitive home finance market, ICICI Bank Wednesday launched a mortgage product backed with a guarantee to help the borrower avail more credit and also extended the tenure, for an upfront fee of 2 percent of the loan amount.

Aug 26, 2015, 22:54 PM IST

HDFC Q1 Net up 18% on healthy loan growth

Country's largest mortgage lender HDFC on Tuesday reported an 18 percent growth in consolidated net profit at Rs 2,204 crore on the back of a healthy 19 percent loan growth in the three months to June.

Jul 28, 2015, 16:01 PM IST

HDFC to raise Rs 90,000 crore from NCDs

Country's largest mortgage lender HDFC Ltd Friday said it plans to raise a total of Rs 90,000 crore from various instruments including non-convertible debentures and warrants to fund business expansion.

Jul 17, 2015, 22:22 PM IST

HDFC Q1 tax out go up 12% at Rs 465 crore

Mortgage major HDFC Monday reported 12 percent increase in its advance tax outgo to Rs 465 crore for the first quarter of the current fiscal.

Jun 15, 2015, 19:14 PM IST

HDFC proposes to raise Rs 5,000 cr via NCDs and warrants

HDFC Ltd, the country's largest mortgage lender, Monday said it has plans to raise Rs 5,000 crore by issuing non-convertible debentures (NCDs) and warrants to institutional investors to fund its business growth.

Jun 08, 2015, 22:49 PM IST

Dewan Housing hits overseas market with $130 mn QIP issue

Mortgage major DHFL has hit the international markets to raise up to USD 130 million through a qualified institutional placement (QIP) of shares, sources in merchant bankers said today.

Feb 24, 2015, 23:16 PM IST

S&P to pay $1.37 bn in mortgage bond cases: Sources

Standard & Poor`s is expected to agree within days to pay $1.37 billion to settle lawsuits over its rosy grading of mortgage bonds in the financial crisis, sources told AFP Wednesday.

Jan 28, 2015, 22:39 PM IST

JPMorgan faces suit over $10 bn in mortgage bonds

JPMorgan Chase will face a US class-action lawsuit over the sale of $10 billion worth of allegedly falsely valued mortgage bonds before the financial crisis, a judge has ruled.

Oct 01, 2014, 20:16 PM IST

Bank of America agrees to record $17 bn deal over mortgage fraud

Bank of America agreed Thursday to a record nearly USD 17 billion deal with US justice authorities to settle accusations over dodgy mortgage securities it issued ahead of the 2008 financial crisis.

Aug 21, 2014, 19:06 PM IST

US Justice Department preparing to sue Citigroup

Spokesmen in New York for Citigroup didn't immediately return calls seeking comment on Friday.

Jun 14, 2014, 09:29 AM IST

BofA could pay at least $12 bn to settle US probes: Report

Bank of America Corp could pay more than USD 12 billion to settle probes by the US Justice Department and a number of states into the bank`s alleged handling of shoddy mortgages, the Wall Street Journal said,.

Jun 06, 2014, 08:10 AM IST

Spanish bad loans level dips slightly in March

The level of bad loans held by Spanish banks, which peaked at the end of 2013, edged down in March to 13.39 percent from 13.4 percent, data published on Monday by the Bank of Spain showed.

May 19, 2014, 18:00 PM IST

JPMorgan profit weaker than expected as trading revenue falls

Overall, net income fell 19 percent to $5.27 billion, or $1.28 per share, from $6.53 billion, or $1.59 per share, in the same quarter of 2013, the biggest U.S. bank said on Friday.

Apr 12, 2014, 10:01 AM IST

JPMorgan earnings fall 19% on lower mortgage income

JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the US banking giant seeks to turn the corner after costly legal settlements.

Apr 11, 2014, 18:07 PM IST

JPMorgan sells physical commodities unit to Mercuria for $3.5 bn

JPMorgan is selling its physical commodities business to Mercuria for USD 3.5 billion, the US investment bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.

Mar 19, 2014, 20:11 PM IST