Tag Archives: loan

SBI to raise interest rate on car loans

Posted on February 2, 2012 by Reserch team

State Bank of India (SBI) will increase the interest rate on car loans by at least 50 basis points from tomorrow to bring these in line with competing banks. A senior SBI official dealing with the retail business confirmed the … Continue reading →

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Growth in personal loans slows to 12.3%

Posted on February 2, 2012 by Reserch team

Mumbai: Sectoral credit data from the Reserve Bank of India (RBI) shows that the growth in personal loans has slowed to 12.3% y-o-y in December from 13.4% y-o-y growth posted in November. Since April, 2011, when loans to this category … Continue reading →

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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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