Public sector banks (PSBs) are steadily gaining market share from private sector lenders in key retail loan segments such as personal loans, home loans and auto loans, highlighted a report by JM Financial.
The growth, it said, is supported by heightened demand for gold loans, auto loans, and a resurgence in personal loans and credit cards. PSU banks further consolidated their leadership across several major loan categories.
New Delhi [India], November 14: Wondering whether to apply for a personal loan to meet your home renovation expenses? Unlike home and auto loans, which are for a specified purpose, personal loans give you the flexibility to use the money to cover different expenses.
According to Fitch Ratings, the securitization involves electric vehicles (EVs) and presents unique challenges due to Tesla's limited historical credit loss performance, as the company only started originating auto loans in Q4 2021.
Mumbai (Maharashtra) [India], Aug 7 (ANI): State Bank of India (SBI) on Wednesday announced a cut in its marginal cost-based lending rates (MCLR), a move that will make car and home loans cheaper from August 10 as these loans are MCLR- linked.
New Delhi [India], Nov 21 (ANI-NewsVoir): HDFC Bank and Paisabazaar.com has announced that they have disbursed unsecured loans worth Rs. 1000 crore till date. Paisabazaar.com entered into a partnership with HDFC Bank in April, 2015, and has now become one of the leading distributors for HDFC