Home Loans show a change in value from affordable to higher value in Mumbai
There are indications that the growth in home loans in mumbai is moving from low-cost properties to higher-priced properties. From Rs 20.2 lakh in FY20 to Rs 24.7 lakh in FY23, the average size of home loans has grown by 22%. Home loan originations are shifting, both in terms of volume and value, from the […]
HDFC Becomes 1st Bank To Hit 2 Crore Credit Cards Achievement
HDFC has crossed the magical number of two crore credit cards in force, the company said in a statement. With 9.6 crore cards issued by banks overall, the private lender holds 21% market share, according to RBI data. According to the bank, as of March 31, 2023, its proportion of spending will be 28.6%. Among […]
Federal Holds Rates Consistent, Shows Three Cuts Coming In 2024
The Federal Reserve recently held its key interest rate consistent for the third consecutive time and prepared the table for different slices to come in 2024 and then some. With the expansion rate facilitating and the economy holding in, policymakers on the Federal Open Market Board of Trustees cast a ballot consistently to keep the […]
Retail Lending Growth Triggered By Small Personal Loans, Notices Early Sign Of Stress
Personal Loans under Rs. 50,000 have been the quickest developing section in retail loaning. However, they could likewise end up being a source of torment for loan specialists. Post-COVID pandemic, small ticket loans for purpose of short-term needs like medical, household spend, marriage, etc caught major momentum. Borrowers of little ticket individual advances who took […]