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Even as the central bank is expected to hike rates one more time, banks have started offering discounts on home loans. Lenders say that this development is an indicator that demand for home loans is easing. On Wednesday, IDBI Bank announced special rate home loans and auto loans for the festive season. In terms of […]
The government today approved amendments to the SARFAESI and debt recovery acts to enable banks to effectively deal with the menace of bad loans and also encourage them to disburse credit freely to home and corporate loan seekers. The Cabinet approved the introduction of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) […]
The country’s second largest private lender HDFC Bank entered into a strategic alliance with Diners Club International to offer the latter’s premium credit cards in the country. The alliance will help HDFC Bank, which is already the country’s largest credit card issuer, to further extend its foray into the super premium segment to address the […]
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