Statutory Liquidity Ratio (SLR)
Reserve Bank of India’s (RBI) decision to cut the Statutory Liquidity Ratio (SLR) has begun to show its effects. Indian Overseas Bank (IOB) has reduced home loan rates, for loans up to Rs 30 lakh, by 25-100 basis points. A 50-bps cut in auto loan rates has also been announced. IOB has reduced the spreads [...] Continue Reading »
A day after SBI reduced home and auto loan rates and the National Housing Bank (NHB) announced reduction in the refinance rate under a special scheme for the economically weaker section, there seems to be a possibility of further cut looming in the horizon. Moreover, SBI said that it would cut interest rates on fixed [...] Continue Reading »
The realtors welcome the move by Reserve Bank of India (RBI) to cut the Statutory Liquidity Ratio (SLR) by one percentage point from 24 per cent to 23 per cent. The real estate sector, which is struggling due to the combined effects of diving demand, huge debt and piling inventory, is hopeful of positive effect [...] Continue Reading »
