reduction in home loan rates by 10 basis points
Confederation of Real Estate Developers‘ Associations of India (CREDAI) is demanding a pro-growth outlook in the policy rates. RBI (The Reserve Bank of India) today announced that the amount of deposits that banks are required to park in government securities will be reduced and unlocked about Rs 40,000 crore of funds. However since the key rates remain [...] Continue Reading »
ICICI Bank has implemented a reduction in interest rates on home loans by 10 basis points – to 10.15 percent – for borrowers who draw loans for an amount up to Rs 75 lakh. The new reduced interest rate on home loans brings ICICI Bank at par with India’s biggest lender, the State Bank of [...] Continue Reading »
