ICICI Bank, HDFC get notice on pre-payment penalty

Competition watchdog CCI has asked about two dozen banks and housing finance companies, including HDFC, ICICI Bank, and LICHF, to explain their imposing penalty on borrowers for pre-payment of home......

Loan rejected? You still have an option

Almost all banks refused a housing loan to a mid-management executive in Mumbai, who earns an annual salary of Rs 28 lakh. The reason? He had bought a sample flat that the developer had furnished......

Pre-payment penalty on loans? Banks under lens

Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-payment of loans. The Competition Commission of India, according to a......

Home finance firms need Rs 40,000 crore

Twenty-one housing finance companies have assessed their fund requirements during the fourth quarter at around Rs 40,000 crore (Rs 400 billion). But their plea for fresh measures to boost their......