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For a house-hunter, next to zeroing in on the dream home, obtaining a home loan is the toughest hurdle that he or she has to cross. How would you like it if you have the loan in your pocket even before you approach the developer to negotiate? Banks and housing finance companies are now offering […]

HDFC hiked interest rates on floating rate home loans by 25 basis points in a move that will make loans costlier for both existing and new borrowers. In addition, a clutch of banks, including Bank of India, Oriental Bank of Commerce, Indian Overseas Bank and Dena Bank all hiked lending rates. On Monday, Punjab National […]

ICICI Bank Ltd, India’s largest private sector bank, and the Indian Army today signed a Memorandum of Understanding (MoU) on extending the modern banking products and services to the army personnel. The MoU was signed by Mr. Rajiv Sabharwal, Executive Director, ICICI Bank and Lt Gen V.K. Chaturvedi, PVSM, AVSM, SM, Director General (MP & […]

Axis Bank, India’s third largest private bank announced the launch of India Travel Card, India’s first and only Indian Currency prepaid travel card for foreign nationals and non-resident Indians travelling to India. The India Travel Card will initially be available at select Axis Bank branches in Mumbai, Delhi and Chennai as well as a large […]

A week after the credit policy, the quarter percent rate hike is beginning to seep in. HDFC has raised its home loan rates for existing and new customers by a quarter percent. HDFC was not alone in raising rates. Other public sector undertaking (PSU) banks like Bank of India and Indian Overseas Bank have also […]