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SBI offers switch to new home loan rates; 6 lakh to benefit

Posted on March 24, 2012 by Reserch team

MUMBAI: State Bank of India will permit home loan borrowers to shift to lower interest rates. The move is aimed at strengthening customer bondage and can also lead to gains for millions with mortgages if rivals match the gesture. The … Continue reading →

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RBI cuts CRR by 75 bps; paves way for lower home loan interest rates and easier liquidity

Posted on March 12, 2012 by Reserch team

MUMBAI: Minutes after money market traders hung up their phones, the Reserve Bank of India unexpectedly slashed the cash reserve ratio (CRR) of banks by as much as 75 basis points, setting the tone for lower interest rates and easier liquidity. Perhaps, … Continue reading →

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Home loan growth slows to 13.2% in Jan

Posted on March 3, 2012 by Reserch team

The impact of rising interest rates and high property prices seem to reflecting in the pace of growth of housing loans. According to the Reserve Bank of India’s data on sectoral deployment of bank credit, housing loans for the month … Continue reading →

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Public sector banks cut home loan rates

Posted on February 20, 2012 by Reserch team

Mumbai: In order to prop up the sagging home loan market, state-run lenders Central Bank of India and Bank of Maharashtra (BoM) have announced slashing of interest rates by up to 0.25 per cent, and also decided to waive the … Continue reading →

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Your dream home gets even more distant

Posted on February 8, 2012 by Reserch team

RBI’s new diktat — banks should not include stamp duty and registration in loan amount — will make home buying more difficult The Reserve Bank of India’s (RBI) latest verbal guidance to banks —not to include registration and stamp duty … Continue reading →

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