...."Customers with a good track record and a long relationship with the bank are offered a preferential rate of interest," said an HDFC spokesperson. The Reserve Bank of India (RBI) has asked banks to be cautious as a higher-than-expected hike in interest rates could have an adverse impact on the asset quality of banks. However, 80% of borrowers in India have a good credit history, according to records available with the Credit Information Bureau (India) Ltd (CIBIL) - the agency that tracks the credit history of borrowers and assesses their credit worthiness.......
Read - Hindustan Times
Read - Hindustan Times
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