| PNB considering cut in exposure to personal loans
New Delhi, April 9 (PTI): Punjab National Bank, the country's second-biggest public sector lender, plans to cut exposure to personal loans, including home finance, to bridge the gap between higher credit offtake and lower deposits. "The bank is concerned over widening gap between resource mobilisation and credit expansion and will soon take decisions on curtailing credit exposure by reducing personal loans," PNB Chief General Manager U S Bhargava said. The bank's asset liability committee (ALCO) will meet later this week to decide on the issue, he added. PNB's credit exposure is growing at 28 per cent as against a growth of 20-22 per cent in resource mobilisation. The bank had earlier indicated it could increase the Prime Lending Rate (PLR) by 25 to 50 basis points and interest rates on all types of personal loans, including housing loans.
Making Yourself Smart Investments
Editor's Note: It is probably a good idea to keep your eggs in different baskets. Jobs can come and go, but your investments can follow you for life. Here is an article on the subject: There is a harsh fact about reality. The good job that you have may not last your entire life or career. The stability of the job may change and the particulars about it may change it to one that is completely undesirable. You must think ahead and plan on making your money work for you. No matter how much you have, you must plan on saving at least three months salary for a rainy day. Additionally you must set aside a proportion of your salary to invest now in well performing businesses on the stock exchange, as well as through available mutual funds which have a superior performance and you should consider investing in real estate.
Illinois Mortgage - What To Expect When Buying A Home In Illinois
Maybe you're buying your first home in Illinois, or perhaps you're relocating to Illinois from another state. Either way, it's important that you educate yourself on Illinois home loans before shopping for a home and mortgage. This article explains what you'll need to know before buying a home in Illinois: The price of homes in Illinois varies widely between zip codes. For example, in Chicago, Illinois, the median price of a home in the summer of 2005 was $305,000; however, the median price of a home in Oak Brook, Illinois, was 1.5 million. Overall, the median price of a home in Illinois in 2004 was $179,000. The rate of job growth in Illinois is lower than the national average, among the lowest in the nation. Additionally, in the last few years the prices of homes in Illinois have been rising faster than personal incomes.
Overcome Bad Credit With Secured Loan Financing!
Secured loans are a fantastic tool for those who need to overcome and recover their credit situation and want to obtain finance at the same time. Secured financing can provide the necessary funds for whatever purpose you may have and at the same time improve your credit score and history. The key to this efficiency is the easiness of the qualification process. The reason why secured loan financing beats unsecured financing in these situations is that the requirements for approval are less harsh and thus, let almost anyone (even those with a past bankruptcy on their credit report) to obtain finance regardless of their credit score or history. Unsecured financing implies a higher risk for the lender and thus, harsher credit and income requirements for approval. Risk Reduction Due To Collateral Secured loans represent a lower risk for the lender because the property used as collateral guarantees the loan repayment.
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