RBI asked banks to link rates on floating rate loans to borrowers to an external benchmark from 1 October The RBI recently asked banks to link their lending rates on floating rate loans to retail, personal and MSME borrowers to an external benchmark from 1 October
2 min read19 Sep 2019Interest rate cut on spread, not on MLCRThe move will only benefit new borrowers with a loan amount of up to ₹30 lakh, most home loan borrowers will not see any immediate impact
3 min read16 Feb 2019Following the implementation of RERA, there is more regulatory control and a stable view on cash flows, SBI chief general manager Vaijinath M.G., who heads the bank's real estate and housing business unit
2 min read16 Jan 2018State Bank of India (SBI) has reduced interest rates on home loans of up to Rs30 lakh by 25 basis points8.60% to 8.35%for new borrowers
3 min read9 May 2017The rates will be applicable for all new home loans sanctioned on or after 13 April
1 min read12 Apr 2015The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared