“We are eyeing 25% growth in our home loan portfolio in 2011-12,” DL Rawal, chairman and managing director told moneycontrol.com.
He said the bank has tied up with 400 builders and is tracking CRISIL star ratings on real estate projects to tap builders. The bank will add another 600 builders in the current fiscal, Rawal said.
Customers who are trying to buy homes with those builders will have easy access to the bank’s credit.
Dena Bank is offering 10.5% rate of interest on floating basis to its home loan customers. Its current home loan book stands at Rs 5,400 crore.
Earlier Dena Bank had a special scheme on home loan that was discontinued in October last year.
Meanwhile, the bank has set up a 22 member committee to examine the avenues of boosting fee income. The committee will gauge the expectation of customers for various services to be offered.
“In a higher interest rate regime, it is important for a bank to increase its fee income. The committee will focus on distributing third party products, CASA (credit account-saving account) ratio improvement and credit syndications,” added Rawal.
When multiple banks fund a particular project together, it is called syndication. Dena Bank has just started a credit syndication cell at its head office. So far it has generated 3-4 proposals.
The bank’s current CASA forms 35% of total deposits and it aims to achieve 36-37% CASA in the current financial year. A high CASA ratio indicates that a higher portion of the banks deposits come from current and savings accounts, which means it is getting funds at low cost Source www.moneycontrol.com...
Tag ; Best Home Loan, credit syndications, bank’s current CASA, Dena Bank, real estate projects 2011, For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
finance
- Could it affect Cyprus banking crisis in the US
- Why Commerzbank shares prices dow today
- Federal Bank projected remittances 2012-2013
- UK Bank Scandals as profits rise, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Barclay
- financial markets news may 28 2012
- Citigroup Inc stock forecast 2012
- what will happen in financial markets 2012
- New Malaysia Series Banknotes & Coins 2012
- debt maturity in 2012 poses challenge for GCC corporates
- top location for financial development, Economic Forum survey
- Will European banks go bust
- bank of ireland august 15 2011, Total Voting Rights
- Hot news that could affect the financial markets for week august 15 -19th 2011
- Al Rajhi Bank enters the Jordanian market with an array of innovative products and services
- al rajhi bank saudi arabia exchange rate
- Citigroup net profits 2Q june 2011
- European Banking Authority EBA publish the results of stress tests
- deutsche bank chemical sector 2011
- philippine inflation forecast 2011
- Universal Health Services Earnings prediction Increased
- Bank of America Corp.Earnings report Financial results on July 19 2011
- Lloyds Banking Group announces swingeing cost cutting measures
- Top 5 Companies in the Consumer Finance Industry Providing Best Value To Investors
- free Money Management Advice
- turkish banking sector 2011 - 2012
No comments:
Post a Comment