home and auto loans
While the home loan and auto loan market get saturated among the creamy layer of metros, banks seem to concentrate on Tier II and Tier III cities. Whether it be country’s largest mortgage lender, HDFC or other big players like BNP Paribas Home Finance or Kotak Mahindra Bank, everybody is looking at growing small cities. [...] Continue Reading »
State Bank of India (SBI) is witnessing a significant growth in its home loan segment since it cut rates in the beginning of August. Officials of the country’s largest lender revealed that number of home loan applications being received per day has now doubled to 800 from 400. However, the officials stated that since there [...] Continue Reading »
State-owned Punjab & Sind Bank (PSB) on Tuesday announced a cut in home and auto loans for new borrowers by up to 0.75 percent. According to Chairman and Managing Director of Punjab & Sind Bank, this decision has been taken ‘for the benefit of people at large’. The bank made the announcement just after RBI [...] Continue Reading »
