News That Matters

Tag: Sundaram

Sundaram BNP Paribas cuts interest rates on home loans

Sundaram BNP Paribas cuts interest rates on home loans

Finance
Chennai: Sundaram BNP Paribas Home Finance Monday announced a 10 basis points reduction in its prime lending rate on housing and non-housing loans with immediate effect. "The reduction in lending rates is in line with the current interest rate in the market," Sundaram BNP Paribas Home Finance, Managing Director, Srinivas Acharya said. "We are hopeful that the government's favourable proposals in the recent budget for the housing sector would improve the home buying sentiments and drive demand," he said in a company statement here. Acharya said the company did not face any liquidity related issues this year and was comfortably placed in terms of fund raising. "...we will continue to expand our presence in the affordable housing segment and newer areas," he added. Sundaram Home Finance poste...
Reallocate portfolios, go for mid, smallcaps with a 2-year view: S Krishna Kumar, Sundaram Mutual

Reallocate portfolios, go for mid, smallcaps with a 2-year view: S Krishna Kumar, Sundaram Mutual

Finance
Investors are advised to rebalance their overall portfolios to a 55-45, 60-40 allocation in favour of largecaps vis-à-vis midcaps, said S Krishna Kumar, CIO-Equity, Sundaram AMC, in an interview with ETNOW.Edited excerpts:Are you breathing a sigh of relief that finally mid and small cap stocks have stopped falling? They are not rising like a phoenix but at least they have stopped falling.Clearly, the mood is a lot better. The domestic risk on the election outcome is behind us at this point of time. NDA is back with a thumping majority and people expect continuity in policy and acceleration of some of the reform measures the government had been doing and would continue to do. I think with the kind of valuation comfort that you have seen in mid and small caps which are going at 15-20% discou