scorecardresearchAuto, home and personal loans become expensive with banks raising rates

Auto, home and personal loans become expensive with banks raising rates

Updated: 12 Jun 2022, 08:56 AM IST
TL;DR.
A number of banks including ICICI Bank, Bank of Baroda, Punjab National Bank (PNB), Bank of India, Indian Bank, Indian Overseas Bank and the country's leading mortgage lender HDFC Ltd have raised lending rates for their customers.
A man walks past logos of Housing Development Finance Corporation (HDFC) and HDFC Bank at an event in Mumbai on April 4, 2022. - India's largest private bank will merge with its largest mortgage lender to become a $237 billion financial giant, both companies said, as low interest rates send demand for home loans soaring. (Photo by Indranil MUKHERJEE / AFP)

A man walks past logos of Housing Development Finance Corporation (HDFC) and HDFC Bank at an event in Mumbai on April 4, 2022. - India's largest private bank will merge with its largest mortgage lender to become a $237 billion financial giant, both companies said, as low interest rates send demand for home loans soaring. (Photo by Indranil MUKHERJEE / AFP)