URL copied Image Source : FILE PHOTO/PTI
The best customers having good credit histories will be now able to get new loans at 6.75 per cent after the cut.
Mortgage major HDFC also cut its interest rate offering on Wednesday, making credit cheaper 0.05 per cent to its customers.
The best customers having good credit histories will be now able to get new loans at 6.75 per cent after the cut, irrespective of the home loan amounts, officials said.
The move comes two days after similar announcements by rivals SBI and Kotak Mahindra Bank, who are now giving home loans at 6.70 per cent and 6.65 per cent, respectively.
Updated Jan 25, 2021 | 14:04 IST
Cautiously optimistic on VNB margin and expect it to exceed last year level of 25.9%. Demand for Insurance products will rise, says Vibha Padalkar, MD & CEO, HDFC Life Insurance. Representational Image
Key Highlights
Need to separately carve out section for insurance, pension and savings in budget
Deduction of purchase price that customer has paid to buy annuity will be good if it comes in budget
HDFC Life Insurance reported a slightly mixed performance in Q3. During Q3 FY21(October-December quarter) quite a few parameters like VNB margins, market share, new business APE and persistency trends improved along with cost control.