http://www.managementparadise.com/forums/ en Sat, 21 Nov 2009 23:22:53 GMT vBulletin 60 http://www.managementparadise.com/forums/images/aria/misc/rss.jpg http://www.managementparadise.com/forums/ http://www.managementparadise.com/forums/discuss-about-leading-banks-insurance-companies/160256-pre-payment-penalty-loans-banks-under-lens.html Wed, 04 Nov 2009 06:53:30 GMT Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-payment of loans. ... Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-payment of loans.

The Competition Commission of India, according to a CCI official, is scrutinising a complaint concerning pre-payment penalty from a customer against major home loan players like HDFC , LIC Housing Finance , and Deutsche Postbank.

"The customer has said that he should have the choice of repaying the loan before the scheduled period as and when interest rates are low," the official said.

The complaint has been filed under Section 3 of the CCI Act that deals with abuse of dominant position by companies.

Although the Commission has yet to take a view on the matter, the official said, if the lenders were found guilty of abusing their dominant position, the practice could be banned across the industry.

The CCI, he added, could also penalise the lenders for adopting such practices to discourage customers from pre-paying home loans.

Market leader HDFC, for example, currently levies prepayment charges ranging between zero to 2 per cent of the amount prepaid by a borrower.

During the pendency of an enquiry, the Commission can also provide interim relief by restraining the parties from carrying on the act which constitutes abuse of dominance, the official said.

The pre-payment penalties are imposed to discourage customers from retiring their debts before the scheduled date.

Some lenders charge only if the customer seeks refinancing the loan by taking money at a lower rate from some other entity.

Housing loan outstandings at the end of March 2009 increased to Rs 2,63,235 crore (Rs 2,632.35 billion) as compared to Rs 2,52,932 crore (Rs 2,529.32 billion) at the end of 2007-08. ]]> Discuss about leading banks and insurance companies rajanlove http://www.managementparadise.com/forums/discuss-about-leading-banks-insurance-companies/160256-pre-payment-penalty-loans-banks-under-lens.html http://www.managementparadise.com/forums/discuss-about-leading-banks-insurance-companies/159170-investing-stock-markets-around-world.html Sat, 31 Oct 2009 02:12:34 GMT Welcome to my Website
ht tp://goldhousegroup.c om/stock_broking.h tm

I am a trading representative from Lim & Tan Securities.

Established in 1973, Lim & Tan Securities is a leading securities brokerage firm in Singapore with a strong focus in retail market. Believing in providing cutting-edge technology to its clients, it was amongst the first to introduce Internet Share Trading.

With its extensive network and market insights, it is able to provide you with in-depth research on local and key global securities markets.

EVER WANTED TO KNOW HOW TO TRADE IN ANY FINANCIAL MARKET ON EQUITIES?

Dow Jones AEX NIKKEI KOSPI

NASDAQ FTSE HANG SENG

NYSE DAX STI ASX



Interested in trading in shares? Call me today.

Earn LinkPoints when you trade with limtan.com.sg!

Receive 6000 LinkPoints when you open a limtan.com.sg Online trading account and complete 3 Online trades within 3 months from account opened.

In addition, Link cardholders will be awarded 5 LinkPoints for every $1 of commission paid with limtan.com.sg.

Free 1 month subscription of 'The Edge Singapore' financial weekly magazine when you sign up as a new client.

Contact Me

Mail Lim & Tan Securities Pte Ltd
20 Cecil Street
#09-00 Equity Plaza
Singapore 049705
Attn: Roger Pay

Phone +65 98527793, Helpdesk +65 67998180

Fax +65 6538 7730

Email broker @goldhousegroup.c om

I look forward to your feedback. You can call me at +65 9852 7793, if you have queries.

You can also email me at broker @goldhousegroup.c om with your questions or feedback.



Welcome to my stockmarket Forum ]]> Discuss about leading banks and insurance companies remisier http://www.managementparadise.com/forums/discuss-about-leading-banks-insurance-companies/159170-investing-stock-markets-around-world.html