Thu, Aug 03, 2017
RBI trimmed down policy repo rate to 6% from 6.25% which is expected to boost housing sector.
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Wed, Jun 07, 2017
Any reduction in SLR gives more room to bankers for trimming interest rates. This would mean, if you are borrower your EMIs may come down further.
Mon, Mar 20, 2017
In the first week of January, State Bank of India (SBI) took the lead by making 90 basis point revision in home loan rates. It was soon followed by other public and private banks where rate cuts in the range of 10 basis points to 90 basis points were undertaken.
Tue, Jan 17, 2017
In view of the increased differential of 100 basis points (bps) between base rate and the Marginal Cost of Funds based Lending Rate, the credit rating agency said, it "expects a number of borrowers to switch from base rate to MCLR".
Fri, Jan 06, 2017
Earlier this week, the bank had announced that it has reduced the MCLR by up to 45 bps.
Thu, Jan 05, 2017
Not only banks but NBFCs have been in a rate cut war. Both banks and NBFC have reduced MCLR in the range of 40 basis points - 90 basis points within just 4 days of January 2017.
Wed, Jan 04, 2017
"We think, the reset dates are fairly elongated for retail loans (transmission is slow), versus corporate/working capital loans where transmission could be faster," Jefferies added.
Mon, Jan 02, 2017
The new home loan rates are the lowest in the last six years.
At 1148 hours, the shares of the bank were trading at Rs 244 per piece.
Sector-wise, banking sector was 68.74, or 0.33% down.
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