Good news! Banks extend festive offers
“The demand was not as high as expected. Since the interest rates are not likely to rise further, we have decided to continue with the current rates,” said R K Bansal, executive director, IDBI Bank.
In November, the outstanding amount in home loans rose 7.6 per cent, compared with 8.8 per cent a year ago, while vehicle loans grew 9.5 per cent, compared with 15.5 per cent in the year-ago period, according to RBI data.
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Article source: http://www.rediff.com/business/slide-show/slide-show-1-banks-extend-festive-offers/20120102.htm
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