Now PNB, IDBI Bank do it, cuts lending rate by 0.25%

May 7, 2015 4:28:00 PM

"The reduction in interest rate is expected to positively impact loan growth; both in the retail consumer segment, as also revitalise fixed capital formation through higher corporate sector lending, thereby supporting the growth impulses in the economy,"  IDBI Bank said.

Joining the rate cut spree, two public sector lenders, Punjab National Bank and IDBI Bank, today cut their...

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HDFC Bank offers 10-second loan nod

Apr 29, 2015 1:26:00 PM
Your loans will not only become cheaper, but will be disbursed faster, within seconds. In three weeks, HDFC Bank will offer personal loans disbursed in 10 seconds through net banking, as it expands market share and gears up for increased competition from non-banking finance companies (NBFCs). The offer is for existing customers of HDFC Bank, and will be available 24 hours a day. Customers will...
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HDFC cuts home loan rates for women

Apr 27, 2015 10:28:00 AM
Mortgage major HDFC today offered home loans to women borrowers at 9.85 per cent, to make its loan pricing at par with that of rivals State Bank of India and ICICI Bank.The product, christened ‘Women Power’, offers the differentiated rate of interest for women borrowers, as against 9.90 percent charged for other borrowers, HDFC said. HDFC Managing Director Renu Sud Karnad said that it is...
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Corporate Help Desk Programme

Apr 20, 2015 2:39:00 PM

LoanStreet launched its first Corporate Help Desk Program on 15th April, 2015. PRATIBHA INDUSTRIES LIMITED, an Infrastructure development Conglomerate.

The Event kicked off brilliantly with active response...

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Kotak Bank cuts base rate by 0.15 pc to 9.85 pc

Apr 18, 2015 12:12:00 PM

Private Sector lender Kotak Mahindra Bank joined its larger rivals and announced a 0.15 per cent cut in base rate to 9.85 per cent.

“We have reduced our base rate from the current level of 10 per cent to 9.85 per cent with effect from April 16,â€�Kotak Mahindra Bank (KMB), which recently merged smaller player ING...

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Bajaj Introducing Interest-free EMIs for Online Purchases

Mar 31, 2015 7:12:00 PM

Online buyers will soon get a further boost, as NBFC s are introducing interest-free instalment plans for online buyers. The EMI option is likely to be offered in the next six months, like it is available now for buying from large brick-and-mortar stores.

Bajaj Finance is leading the initiative and is a developing a payment gateway to suit the transactions. The payment system will...

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RBI eases valuation norms for home loans of up to Rs 10 lakh

Mar 31, 2015 7:02:00 PM

Finally, RBI has relaxed LTV norms for Loan Amounts up to Rs. 10 lakhs in the Housing domain. It has directed banks to add stamp duty, registration and other documentation charges to the cost of the house / dwelling unit for the purpose of calculating loan-to-value ratio.

These charges account for around 15 per cent of the cost of the house and banks normally exclude these for...

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