Kotak Mahindra Finance Ltd
has decided to focus on offering asset reconstruction activities
for other financial intermediaries as part of its efforts to
boost fee-based income.
ICICI Home Finance Ltd launched
ICICI Home Search, a property search service on Friday in Pune.
While customers will be offered this service free of cost, builders
will be charged a brokerage of 1.5 to 2 per cent for the property
sold through this service.
The Investment Information
and Credit Rating Agency Ltd on Friday assigned ‘MAA’ rating
to Telco’s Rs 112.35 crore securitisation programme. The rating
indicates highest safety.
Government securities prices
rose by nearly 35-50 paise on Friday owing to strong demand
from fund-flush state-run banks. The 11.50 per cent 2011A paper
which was at Rs 114.30 on Thursday, rose to touch an intra-day
high of Rs 114.66.
