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Home loan to become cheapest in 6 years as SBI, other ...
MUMBAI: Home loan rates have fallen to their lowest level in six years with the State Bank of India , the country's largest lender, cutting the effective rate to 8.6% from 9.10%.
While the SBI cut its one-year marginal cost of lending rate (MCLR) -- the benchmark to which home loans are linked -- to 8%, against 8.9% earlier, it kept the spread above MCLR at 60 basis points, against 20 basis...
Date: 2017-01-02 06:37:42
State Bank of India cuts home loans to lowest in 6 yrs
MUMBAI: State Bank of India (SBI) has cut home loan rates to a 9.1% -the lowest in six years -as part of a festive scheme. The rate cut comes on the back of a general interest rate reduction last week when SBI reduced its benchmark rates by 15 basis points (bps, 100bps = 1percentage point).
In terms of the festival scheme, home loans for women (or loans with women as co-borrowers) will be...
Date: 2016-11-02 02:48:41
ICICI Bank cuts home loan rates to 8.65% - Times of India
ICICI Bank cuts home loan rates to 8.65%
TNN | Jan 3, 2017, 04.00 AM IST
Mumbai: ICICI Bank , which is among the top three home loan providers, has cut its home loan rate by 45 basis points (100bps = 1 percentage point) to 8.65% from 9.1% earlier. The bank has also reduced its benchmark rate -- the one-year marginal cost of lending rate (MCLR) -- by 70 basis points to 8.2% from 8.9% earlier....
Date: 2017-01-02 22:36:23
Bank credit growth lowest in 18 years as companies borrow ...
Bank credit growth lowest in 18 years as companies borrow less
Bank credit growth dropped to a 18-year low while deposit growth fell to a 19-year low in 2014-15 with fresh investment proposals from corporates drying up completely and projects announced in the past remaining stuck because of legacy issues.
TNN | Apr 16, 2015, 04.10 AM IST
Data released by the Reserve Bank of India on Wednesday...
Date: 2016-01-15 09:46:03