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HDFC has decided to try a new route to increase its distribution of home loans. The bank is allying with other banks to sell home loans for it. In this regard, the lender has signed a MoU with private sector lender, IndusInd Bank. HDFC would be utilizing the 300 branch count of IndusInd Bank to […]

New private banks are contemplating forays into the secured retail loan market through distribution tie-ups, instead of launching their own products. Analysts say the low base of core deposits has forced these lenders to choose the distribution model. IndusInd Bank has signed an agreement with Housing Development Finance Corporation (HDFC) to sell HDFC home loans […]

In the wake of some of the recent public issues failing to yield sufficient returns, retail investors seem to have turned to bonds issues. According to industry experts, there has been a reduction in retail participation in public issues, while debt instruments like bonds issues are getting increased attention from retail investors. Sample this: Future […]

For Ravindra Bahandare, the source of cash to fund his textile trading firm was not a bank, but a 14-gram gold chain he pawned for Rs 20,000 ($451) at one of the thousands of gold loan offices mushrooming across India. “My business has been slack for three, four months and I wanted a quick loan […]

After the Reserve Bank of India (RBI) raised key policy rates by 50 basis points (bps), lenders have started raising their base rates (the benchmark rates for all loans). Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and YES Bank today raised their base rates. PNB, the country’s second-largest bank, increased its base rate […]