Saturday, December 1, 2012

Public sector banks may extend ‘festival offer’ on retail loans up to March-end


........As per Reserve Bank of India data, since the beginning of the current financial year and up to October 19, banks’ home loans have increased by Rs 25,800 crore and auto loans rose by Rs 9,100 crore. Since the growth in loans for consumer durables has been low in the financial year so far, Finance Minister P. Chidambaram has asked PSBs to consider further steps to promote credit flow to this sector.

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