Rate hikes could leave consumers with little surplus to splurge on discretionary items - Economic Times

Most retail-focused lenders, including HDFC Bank, ICICI Bank, State Bank of India (SBI) and Kotak Mahindra Bank, are expected to automatically pass on Fridays half-a-percentage-point increase to external benchmark linked loans, used largely for pricing retail…

Mumbai: Leisure travel, homes, cars and gadgets bought on mortgages will now pinch the average Indian borrower as a steep pace of policy rate increases over the past three months leaves consumers wit… [+3024 chars]

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