Festive offers by banks
Festive season has triggered initiatives to boost home sales. Banks and builders have come up with lucrative offers for home buyers. Several banks have cut rates on home loans by 25-50 basis points and real estate developers are offering discounts on under-construction and ready for possession properties. Bank of Baroda, Allahabad Bank, Central Bank of [...] Continue Reading »
Several banks had reduced their yearly business growth targets following slowing in credit offtake on account of increasing interest rates. The Reserve Bank of India has raised policy rates 11 times in the past 16 months, making funds dearer. Banks are looking to boost credit growth, which has suffered due to high interest rates. Most [...] Continue Reading »
