SBI cuts interest rate on home loans twice in two months

The State Bank of India (SBI) on Friday announced reduction in home loan interest rates by 10 basis points (bps) for salaried women who take a loan of above Rs 75 lakh, effective from June 15. “Home loans above Rs 75 lakh will now be cheaper by 10 bps with effect from June 15. The revised interest rates will be 8.55 per cent per annum for salaried More...

by Loknath Das | Published 2 weeks ago
By Loknath Das On Tuesday, June 6th, 2017
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States to waive USD 40 bln in farm loans by 2019 elections

With Maharashtra following Uttar Pradesh on farm loan waiver, a report by Bank of America Merrill Lynch today warned that USD 40 billion, equivalent to 2 per cent of GDP, will be written off in the run-up to 2019 More...

By Loknath Das On Monday, May 15th, 2017
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House prices fall again as investment loans drop to lowest level in 10 months

Treasurer Scott Morrison repeated that there were no “silver bullet solutions to making housing more affordable”.  Photo: Alex Ellinghausen   Home loans to investors have fallen to the lowest More...

By Loknath Das On Saturday, May 13th, 2017
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What is the lowdown on the directive to RBI on bad loans

The Central government has amended the Banking Regulation Act to give more powers to the Reserve Bank of India (RBI) to fast-track resolution of stressed assets in a time-bound manner. Section 35A of the Act was More...

By Loknath Das On Sunday, April 30th, 2017
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PNB loans to get cheaper as bank cuts MCLR rates from May 1

Public sector lender Punjab National Bank has decided to cut its marginal cost of funds-based lending rate (MCLR) by 10-15 basis points across different maturities from May 1. The revised MCLR, the internal benchmark More...

By Loknath Das On Saturday, April 22nd, 2017
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Win win Healthy loan portfolio, bad loans under check

BL RESEARCH BUREAU:   HDFC Bank’s performance during the latest March quarter has not deviated much from the past, except for the increase in provisioning. In fact, loan growth that had slowed over the past More...

By admin On Wednesday, January 4th, 2017
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Over ruling the credit score to get personal loans

Getting money when you need is no more a problem today. There are many kinds of loans available and credit cards are extensively used to meet the needs for additional funds.  Personal loans especially have become More...

By admin On Monday, August 1st, 2016
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Risk Based Lending—A New Era in Home Loans

Savings help you in hard times—there’s no question. However, when you want to buy an asset like a home, it entails a huge investment, making it imperative to choose an external source of financing—such as More...

By admin On Tuesday, March 1st, 2016
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Great Tips to Help You Get the Best Vehicle Loan

Since the days that the first vehicle came to our market, the world has changed massively. Our country loves cars and simply can’t do without them. However, cars are also expensive and most people simply don’t More...

By admin On Tuesday, March 1st, 2016
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Addressing the Myths Surrounding Bad Credit Personal Loans

Ironically, people who really need money are those who can’t get loan and those who don’t need money are offered loans left, right and center. This is really obvious in personal lending. If you want to get More...