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HDFC Drops its Retail Prime Lending Rate (RPLR) on Home Loans
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Business Wire India
HDFCDrops its Retail Prime Lending Rate (RPLR) on HomeLoans...
WaMu Slashes Home Loan Business
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BusinessWeek
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SBI launches two schemes in Gujarat
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Indian Express
Countrys largest public sector lender State Bank Of India (SBI) has launched two new schemes - Reverse Mortgage Loan and SBI Home Cash - for people in Gujarat. The Reverse Mortgage Loan has been specially designed for senior citizens, SBI Chief General Manager and Gujarat Circle Head H C Patnaik to...
IDBI cuts floating home loan rate by 0.50%
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Indian Express
IDBIBank has reduced its home loan floating interest rates by 0.50 per cent to 10.50 per cent. The new rate will be applicable on fresh home loans disbursed between October 12 and December 31, the bank said in a press release issued. IDBI has also launched a special buy now, pay later scheme where...
BoB reduces home loan rates by 0.5%
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Indian Express
Publicsector Bank of Baroda reduced interest rates on home loans by 0.5 per cent triggered by a need to realign with the industry trend. The reduction, second by the bank in less than two months, is for all fresh loans sanctioned on or after October 15. Earlier in August, BoB had reduced interest r...
ICICI Bank cuts interest rate on home loans
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Indian Express
AfterState Bank of India, country s largest private sector lender ICICI Bank has cut floating home loan rates by 0.5 per cent to 11 per cent. The new rates, implementable with immediate effect, will be applicable on new loans till October 31, an ICICI spokesperson said in Mumbai on Thursday. The r...
Excise on big cars may soon be down to 16%
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Indian Express
Domesticcar makers may soon have a big reason to cheer. The current slowdown in the automobile industry triggered by high interest rates against loans may prompt the government to cut excise duty on big cars by 8% and bring it on a par with that on small cars at 16%. If that happens, the prices of t...
Axis Bank reduces rates of home loans
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Indian Express
Privatesector lender Axis Bank has reduced floating interest rates of home loans by 0.50 per cent for existing and future customers, a senior bank official said. The industry practice was to acquire fresh customers by offering a lower rate on floating loans but we want to maintain a parity between ...
SBI chief confirms poor credit offtake
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Indian Express
SBIchairman OP Bhatt on Friday led the chorus from the banking sector about the slowdown in credit offtake due to high interest rates. There s a bit of concern about a slowdown in credit offtake, Bhatt told reporters. Loan growth slowed to 23% in the fortnight ended September 14 from 31% a year earl...
Banking on the festival rush
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Indian Express
Lastyear, backed by easy availability of credit and attractive discount schemes, both passenger car and motorcycle sales witnessed a solid growth of 16.34% and 13.6% respectively during the (October) festive season. This year experts expect the growth in passenger car sales around 12-15%, whereas th...
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