LIVE MARKET TRACKER :   BSE SENSEX   31138.21      |    NSE NIFTY 9574.95    
GLOBAL MARKETS :  NASDAQ 6265.2495   +0.4580%    |    FSI London 7424.13   -0.20%    |    NIKKEI Japan 20132.67   +0.11%
  USD GBP EUR CAD AUD INR
USD - 0.7870 0.8937 1.3274 1.3181 64.5290
GBP 1.2719 - 1.1368 1.6883 1.6757 82.0797
EUR 1.1189 0.8801 - 1.4782 1.4736 72.1941
CAD 0.7552 0.5936 0.6749 - 0.9949 48.6810
AUD 0.7575 0.5973 0.6786 1.0066 - 48.9610
INR 0.0155 0.0122 0.0139 0.0206 0.0205 -
Indian-Commodity  :  Corporate  :  Yes Bank launches affordable home loans scheme

Yes Bank launches affordable home loans scheme (18-Aug-2016)

Yes Bank, India's fifth largest private sector bank, has launched Yes Khushi- affordable Home Loans aimed at fulfilling the common man's dream of owning a house. In the first phase, the product will be launched in 32 cities and towns across India covering over 350 plus Yes Bank branches with focus in the peripheral areas of metros and tier 2 cities. In the 1st year, the bank is targeting to cover over 7500 households with an increased customer base of 50,000 plus by 2020. Yes Bank is also empanelled with National Housing Bank (NHB) for dispensation of the housing loan subsidy under the Pradhan Mantri Awas Yojana (PMAY) scheme to eligible customers as per norms.

Housing shortage has always been a major problem over the years. Industry estimates state that there is an overall urban housing shortage of 19 million units, out of which more than 90% of the demand is from the Low income group (LIG) segment and below. One of the other primary reasons apart from unavailability of affordable houses is the unavailability of proper access to financial resources for buying/constructing their houses.

Yes Khushi affordable Home Loans product suite has been designed to address the gap in the market, keeping in mind the unique home loan requirements of Salaried and Self Employed segments of the population in the EWS (Economically Weaker Section) /LIG (Low Income Group) segments. Yes Bank will be catering EWS/LIG segment having formal, semi-formal and informal income documents through various surrogate programs within a strong risk management framework.


Top News Today
Tata Steel sells stake in Tata Motors
(24-Jun-2017)

Tata Steel sells stake in Tata MotorsTata Steel has sold its stake in Tata Motors to Tata Sons, the holding company of India's salt-to-software Tata conglomerate, for Rs 37.83 billion ($586.3 million). The steelmaker has sold about 83.54......click on news to read complete article.

Crest Ventures acquires 6 lakh shares of Crest Wealth Management
(24-Jun-2017)

Crest Ventures acquires 6 lakh shares of Crest Wealth ManagementCrest Ventures (CVL) has acquired 6 lakh equity shares of Crest Wealth Management (CWMPL), its Subsidiary Company, from Mitesh Shah at a total consideration of Rs 43.20 lakh on June 23, 2017. Consequent......click on news to read complete article.

DPSC's arm to co-develop 12MW of solar assets in Uttarakhand
(24-Jun-2017)

DPSCDPSC's wholly owned subsidiary India Power Green Utility (IPGUPL) has agreed to co-develop 12MW of solar assets in Uttarakhand with Punj Lloyd Infrastructure (PLIL) to be executed by PL Surya Vidyut, the......click on news to read complete article.

International Stock News
US markets end mostly in green of Friday
(24-Jun-2017)

US markets end mostly in green of FridayThe US markets ended the choppy day of trade mostly in green on Friday, as traders took some support with report from the Commerce Department showing a rebound in new home sales in the month of May. The......click on news to read complete article.

US markets closed mostly lower on Thursday
(23-Jun-2017)

US markets closed mostly lower on ThursdayThe US markets closed mostly lower on Thursday, as weak financials and consumer staples shares eclipsed a rally in the health-care and biotechnology sectors. The Federal Reserve said that the 34 largest......click on news to read complete article.

US markets closed mostly lower; Nasdaq post moderate gains
(22-Jun-2017)

US markets closed mostly lower; Nasdaq post moderate gainsThe US markets closed lower on Wednesday, weighed down by losses in the energy sector as oil prices continued to slide. But the Nasdaq Composite posted moderate gains, thanks to a surge in biotechnology......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.