Edition: International
Thursday 05 June, 2025
BREAKING NEWS

Trump Issues New Travel Ban: US Bars Entry from 12 Nations, Partially Restricts 7 Others

  • News
    • Kochi
    • Trivandrum
    • Kozhikode
  • Sports
  • Business
  • Health
  • Entertainment
    • E24hrs
    • Cinema
    • Directors
    • Actors
  • Education
    • Career
  • Automobile
  • Personalities
    • Political Leaders
  • Religion
    • Christian
      • Catholic
      • Latin Catholic
      • Syro Malabar
    • Hindu
    • Islam
  • Environment
  • More
    • Food
    • Wellness
    • Lifestyle
    • Beauty & Fashion
    • Fitness
    • Mental Health
    • Yoga
    • Video
  • മലയാളം
BREAKING NEWS
100Days: Thirike, Neestream and Gopi Make their Way into the India Book of Records
IndusInd Bank Brings Hyper-Personalized Banking Experience with ‘INDIE’ App
Delta Exchange Powers Access to a New Asset Class with $2B Daily Crypto F&O Trading
IIMK at #87 Spot in FT Executive Education Custom Ranking
BPCL CSR’s Innovative Shravasti Schools Initiative
Shree Cement leads Cement sector in Green Power Utilisation
    • News
      • Kochi
      • Trivandrum
      • Kozhikode
    • Sports
    • Business
    • Health
    • Entertainment
      • E24hrs
      • Cinema
      • Directors
      • Actors
    • Education
      • Career
    • Automobile
    • Personalities
      • Political Leaders
    • Religion
      • Christian
        • Catholic
        • Latin Catholic
        • Syro Malabar
      • Hindu
      • Islam
    • Environment
    • More
      • Food
      • Wellness
      • Lifestyle
      • Beauty & Fashion
      • Fitness
      • Mental Health
      • Yoga
      • Video
    • മലയാളം
  • Business
  • SBI and India Mortgage Guarantee Corporation (IMGC) signs MOU

    By NE Reporter on March 21, 2018

    MUMBAI:
    State Bank of India and India Mortgage Guarantee Corporation (IMGC) today signed an MOU to offer innovative Mortgage Guarantee scheme for prospective non-salaried and self-employed home loan customers.
    With the rising demand in affordable housing segment, this product aims to provide home finance to select target audience at better terms. The offering will help increase home Loan eligibility up to 15% within the regulatory norms. SBI would be the first bank to provide a mortgage backed home loan product to the non-salaried class who find it difficult to own their first home.
    P K Gupta, MD (Retail & Digital Banking), SBI said, “We are happy to announce partnership with India Mortgage Guarantee Corporation (IMGC) to meet the demand of prospective self-employed and non-salaried customer segment. MOU between SBI and IMGC is a strategic initiative which will enable us to improve housing loan volumes in non-salaried segment. Under this product applicant can avail higher finance based on Risk Grade of the borrower, by opting for IMGC default guarantee cover.”
    SBI has always been at the forefront of pioneering innovative products to serve the unorganized sector and fulfilling the unmet demand of Home buyers. The MoU with IMGC will pave the way for the bank to introduce many more products in the mortgage guarantee backed home loan segment to fulfil the aspirational needs of Indians of buying their dream homes.
    Speaking at the launch. Mahesh Misra, CEO – IMGC said “We are delighted to partner with the State Bank of India, the country’s largest lender. As the first mortgage guarantee company in India, IMGC is committed to facilitating early home ownership and promoting affordable housing choices to customers. The exclusive arrangement with SBI is aligned to our joint goal of responsibly expanding the housing finance market in India, through innovative product offerings. “

    Iscea

    NE Reporter

    IMGCIndia Mortgage Guarantee CorporationSBI

    more recommended stories

    • IndusInd Bank Brings Hyper-Personalized Banking Experience with ‘INDIE’ App

      MUMBAI:IndusInd Bank has extended its hyper-personalized.

    • Delta Exchange Powers Access to a New Asset Class with $2B Daily Crypto F&O Trading

      KOCHI:The crypto derivatives market is rapidly.

    • Shree Cement leads Cement sector in Green Power Utilisation

      GURUGRAM:Shree Cement continues to set new.

    • KSUM Startup UNQ Technologies Signs MoU with IIT Madras

      KOCHI:UNQ Technologies, a Kerala Startup Mission.

    • Squad-5 Wins AICOD Hackathon for Use of AI-powered Web Plugin

      KOZHIKODE:Squad-5 topped the eight-team ‘AICOD Hackathon’.

    • Bisleri International and Apparel Group Announce Strategic Partnership

      MUMBAI:Bisleri International, India’s leading premium beverage.

    • Centrum Launches Centrum Recharge Energy Drink Mix

      BENGALURU:Centrum, a trusted name in comprehensive.

    • Technopark’s IT Building Under ‘QUAD’ Project: Pre-bid Meet on June 10

      THIRUVANANTHAPURAM:A pre-bid meeting of the bidders,.

    • V.P. Nandakumar Honoured with Exemplary Leadership in Corporate Social Responsibility Award

      THRISSUR:V.P. Nandakumar, Managing Director & Chief.

    • Invest Kerala Summit: NDR Warehousing Forays into Kerala with ₹250-cr Investment

      KOCHI:Marking its foray into Kerala as.

    Live Updates

    • IndusInd Bank Brings Hyper-Personalized Banking Experience with ‘INDIE’ App
    • Delta Exchange Powers Access to a New Asset Class with $2B Daily Crypto F&O Trading
    • IIMK at #87 Spot in FT Executive Education Custom Ranking
    • BPCL CSR’s Innovative Shravasti Schools Initiative
    • Shree Cement leads Cement sector in Green Power Utilisation

    NewsExperts.in

    • മലയാളം
    • മലയാളം

    What’s New ?

    • IndusInd Bank Brings Hyper-Personalized Banking Experience with ‘INDIE’ App
    • Delta Exchange Powers Access to a New Asset Class with $2B Daily Crypto F&O Trading
    • IIMK at #87 Spot in FT Executive Education Custom Ranking
    • BPCL CSR’s Innovative Shravasti Schools Initiative
    • Shree Cement leads Cement sector in Green Power Utilisation

    Newsexperts.in - powered by Klickevents Infosolutions (P) LTD