Green light for Indian pre-payment mortgage charges

Genesis was appointed by HDFC, a major residential mortgage lender in India, to assist in assessing the competitive impact of the use of pre-payment charges by residential mortgage lenders in India.

The project team’s analysis revealed that the charges do not affect market entry or the competitive structure of the market, nor do they affect consumer welfare.

The team’s contribution was key to the Competition Commission of India’s finding that the defendants had not contravened the Indian Competition Act.