Try to get federal student loans first, then only turn to
private sector lenders as a last resort to cover any remaining expenses.
Federal Bank, a
mid-sized private sector lender, is targeting a net interest margin of 3.25 percent in the fiscal year that began in April by focusing on growing its books, improving loan recovery and deposit portfolio, its chief executive...
Lowering the cap of the Grad PLUS loan program will force many students to borrow
from private sector lenders, returning the nation to an environment where many low - and middle - income individuals will be unable to obtain a student loan under reasonable terms, or even obtain a loan at all.
Private sector lender Kotak Mahindra Bank has agreed to buy a 15 percent stake in Multi Commodity Exchange of India (MCX) for 4.59 billion rupees ($ 76.1 million), the bank said in a statement late on Sunday.
The Reserve Bank of India (RBI) has approved the merger deal between Kotak Mahindra Bank and ING Vysya Bank, creating the country's fourth
largest private sector lender.
In January, Ratan Tata - backed artificial intelligence firm Niki.ai had tied up with Kerala - headquartered Federal Bank to launch a chatbot - based virtual assistant on
the private sector lender's smartphone application, FedMobile.
MUMBAI: HDFC Bank, the country's second - largest
private sector lender, has cut its base rate by 5 bps to 9.3 % bringing its rate at par with State Bank of India.
Last month, HDFC,
a private sector lender had sent an email to all of its users that it would be banning the use of Credit, Debit, and Netbanking for buying cryptocurrencies.