Tag Archives: lic

RBI cuts CRR, home loans to get cheaper

Posted on January 31, 2012 by Reserch team

MUMBAI: Home loans and other loans to individuals and businesses are set to become cheaper with Reserve Bank of India releasing Rs 32,000 crore to banks through a half percentage point cut in the cash reserve ratio (CRR) on Tuesday, a … Continue reading →

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SBI slashes processing fee for greater home loan pie

Posted on January 13, 2012 by Reserch team

MUMBAI: State Bank of India (SBI) has slashed processing fees on home loans by half, a move aimed at garnering a larger pie in the home loan market and giving competition to private banks and housing finance companies. “The decision is aimed … Continue reading →

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Central Bank of India waives pre-payment charges on housing loans

Posted on December 16, 2011 by Reserch team

Central Bank of India has decided to waive pre-payment penalties on floating rate housing loans with immediate effect, reports PTI. “In deference to Reserve Bank of India’s (RBI) suggestions, the bank has decided to waive penalty on pre payment of … Continue reading →

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Home & auto loans to get costlier as RBI hikes interest rate by 25 bps

Posted on October 25, 2011 by Reserch team

MUMBAI: All loans are set to become costlier as the Reserve Bank on Tuesday increased the key interest rate by 25 basis points to check rising prices, at the risk of sacrificing some growth. This is the 13th time the … Continue reading →

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Home loan offtake up 21% despite high rates

Posted on October 5, 2011 by Reserch team

MUMBAI: Rising interest rates have had little impact on home loans. Borrowings have gone up 21% since March 2010 even as rates have gone up by around 300 basis points in the same period. Some of the pick up in … Continue reading →

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