Banks competing less on interest rates for mortgage lending, KPMG says

Thu, 03 Oct 2013

Oct. 3 (BusinessDesk) – Banks are improving the margins on their lending by competing less on cut-throat interest rates and instead are increasingly using giveaway offers for iPads, televisions and smartphones, says the quarterly KPMG Financial Institutions Survey. “Fixed lending rates have started to increase over the past quarter, from low levels which were driven due to intense competition over the past quarter, which has contribute to the interest rate margin increase” the survey findings say. “This intense competition in household lend...

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