Banks not ready to withdraw prepayment penalty on forclosure

Feb 2, 2010 Full story: Hindustan Times

Banks have expressed concern over the competition commission's intervention on homeloan prepayment penalty issue as they fear that this would put pressure on their costs, increase risk and even lead to higher lending rates.

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Dubai, UAE

#1 Feb 4, 2010
I have worst experience about HDFC bank. It is the worst bank I have ever seen.
Be careful before investing in this bank ......
I did a investment with them till four year they took all the year payment it was young star linking with life insurance scheme for my son but on fifth year them send me half the amount what i have invested and aletter which state that it is closed

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