Expect home loan segment to grow by 35-40% for FY18: Indiabulls Housing Finance

76 percent of the home loan market is now below Rs 25 lakh and our average ticket size as a company for home loans is Rs 24 lakh said Gagan Banga, Vice Chairman & Managing Director. Continue to grow at between 35 percent and 40 percent and book will grow by around 30-31 percent and home loan specifically will grow between 35 percent and 40 percent, said Banga. ( Moneycontrol )

SBI extends Rs 2317 crore for 43 solar power projects

The seven companies include Adani Group, JSW Energy, Hinduja Renewables, Tata Renewables Energy, Azure Power. Cleantech Solar and Hero Solar Energy. The bank has outstanding loan of Rs 12000 crore to solar energy projects and bad loans are negligible in this sector. Aggregate capacity of 475 mw by availing a line of credit from World Bank. Rajnish kumar chairman.

Mutual funds growing at rate of 15 per cent: Kotak Mutual Fund

“Mutual funds are growing at a rate of 15 per cent annually in the country,” KMF National Head. The Systematic Investment Plan (SIP) is gaining immense popularity among investors. SIP has been a key focus area at KMF. Our SIP books have grown almost 10 times in the last three years. “Indian mutual fund industry is in a growth phase with investors willing to test equity mutual funds. The Systematic Investment Plan (SIP) is gaining immense popularity among investors as an efficient tool for regular and disciplined investments. With SIP, one need not worry about market volatility or timing of market,” he said.