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Home loan News

Banks to woo customers with festive offers
Banks are betting big on the festive mood to make up for the slackness in loan growth so far, by waiving processing fees and even squeezing already thin margins. Higher interest rates are being offered on term deposits as well. Bangalore-based Vijaya Bank is luring home loan customers by keeping its lending rate unchanged despite its recent base rate increase. It has pegged its interest rate on home