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HDFC Bank, the second-biggest private lender, reported a 31% jump in quarterly earnings aided by profits from treasury operations and higher lending for automobile purchases and personal loans. All segments of the business grew, barring lending against shares. Interest expenses surged reflecting rising cost of funds for a bank that was built on low-cost deposits. […]

Cars makers offered healthy discounts on passenger cars ranging from Rs. 60,000 to Rs. 70,000 in the last month of 2011 to pull maximum buyers. The car makers were forced to cut down on the purchasing cost of their vehicles in order to survive the slowdown. However, as soon as the year 2011 ended, each […]

There were days when one used to buy a home only with your savings.In these days most homes are bought with the help of Housing loans. Banks whether they are public sector or private sector, do lend in this segment. Banks are able to fund 80-85% of the cost of the property. This has encouraged […]

Festive offers on loans are continue for the next couple of months. PSU banks offering housing and auto loans at discounted rates under their festival campaigns that began in September, have decided to extend the discounts beyond December 31. While RBI data shows credit demand has been poor despite these offers, bankers hope the demand […]

Home loan demand in India has managed to grow in the last one year even with continuous interest rates hikes by the banks. Lending by Indian banks to the housing sector increased by 14% to Rs369,900 crore at the end of October 2011 from Rs324,748 crore at the end of 2010. It had risen by […]