The National Housings Bank's (NHB) latest circular waiving penalty on full home loan prepayment may give housing finance companies (HFCs) an edge over banks this festival season. Bankers said the

The festive season has failed to cheer banks, with the growth in loans showing no signs of picking up, amid high interest rates. Credit growth, on a year-on-year basis, fell to 19.45 per cent from a

The Cabinet on Thursday cleared two amendment Bills paving the way for banks to recover loans from errant borrowers. The move would also help the financial institutions to reduce their non-performing

Go for cash discounts if you can make lump sum payment. Tempting pre-Diwali offers have been luring customers into shopping, in spite of high rate of inflation and slowdown fears. The offers range

These should be considered for a year as interest rates may start coming down after that. Mumbai-resident Tripti Nigam has zeroed in on HDFC's three-year fixed-cum-floating-rate housing loan. Like any

Home loan borrowers, already reeling under the persistently high inflation, should brace up to shoulder additional financial burden. Rating agency Crisil has said rising interest rates and the

The worm may be turning. The microfinance industry, after a disastrous second half last financial year and more pain likely in the first half of the current year, is being told by some of its

India Inc might be sitting on a multi-billion-dollar debt time bomb, with several big companies having large foreign exchange loans staring at a depleted September quarter. The sharp depreciation of

Indian banks' credit growth is muted and banks want a pause in rates for a long-time, K. Ramakrishnan, chief executive at the Indian Banks' Association told reporters on Tuesday after bankers met the

Experts feel interest rates may reverse soon. So, borrowers are better off with floating-rate home loans. In the past two month, many lenders like ICICI Bank, HDFC, India Infoline Investment Services