Articles, tagged with "state bank", page 3

Double digit loan rates to make home less sweet

Customers with floating rate of home loans have started facing the heat as the interest on home loans goes up by 50-75 basis points. Most banks have informed their customers about revision in the interest rates. Interest rate on home loans is now at minim... Read >
Author: Deal4Loan

Car loan changes and what they mean for you

Even before RBI increased key policy rates, State Bank of India, increased the base rate by 25 basis points. SBI base rate stands at 8.5% as of now. This is not really surprising for people who have been keenly following the RBI and other banks since the ... Read >
Author: Deal4Loan

After RBI analysis, banks lift their base rates

After the Reserve Bank of India (RBI) raised key policy rates by 50 basis points (bps), lenders have started raising their base rates (the benchmark rates for all loans). Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and YES Bank today raise... Read >
Author: Deal4Loan

Loans to squeeze more as lending rates set to go up quickly: Banks

Home, car and corporate loan rates are likely to rise soon by up to 0.50% in tune with the hike in key policy rates by the Reserve Bank, leading banks including SBI and ICICI Bank. The country's largest lender SBI also welcomed hike in interest rate on sa... Read >
Author: Deal4Loan

Indian banks scraps ‘teaser’ home loans

The State Bank of India, the country’s largest commercial bank, has been forced to withdraw "teaser" mortgage loans amid fears of repeating the lending follies of the US subprime crisis. Under pressure from the Reserve Bank of India to curb what the regul... Read >
Author: Deal4Loan

Teaser rates gone for good - SBI

State Bank of India (SBI) has finally withdrawn the teaser rate home loan scheme because of rise in repayments for customers and majorly as the Reserve Bank of India stuck to its view that the product was akin to the US subprime loans that sank the global... Read >
Author: Deal4Loan

SBI withdraws teaser home loans and car loans

Barely a fortnight after Pratip Chaudhuri took charge as the chairman, State Bank of India (SBI) has decided to withdraw one of the most controversial, yet popular, products in the Indian banking sector in recent times. Introduced by Chaudhuri’s predec... Read >
Author: Deal4Loan

SBI to make loans dearer, others to follow suit

State Bank of India (SBI), the country’s largest lender, is set to increase its base rate — the benchmark rate for all loans — by 25 basis points. Top SBI officials said the rate hike may happen even before the Reserve Bank of India’s (RBI’s) annual polic... Read >
Author: Deal4Loan

Real Estate in India Expects More Capital Gain

India has been growing at a fast pace with its various sectors being a helping hand, steering it towards a successful nation. Agriculture, Manufacturing Units, IT sector, import export and many other sectors has been phenomenal towards contributing to the... Read >
Author: thinktank

New chairman lays out SBI's priority list

State Bank of India (SBI) would try to increase its market share in deposits and loans, without taking a hit on its margins and profitability, said Pratip Chaudhuri, the bank’s new chairman. “There would not be a significant shift in gear. But we would li... Read >
Author: Deal4Loan

Foreign operations set to get a leg up at SBI

State Bank of India (SBI), the country’s largest lender, may have a managing director (MD) for its international operations. SBI now has four MDs, compared to two earlier. One of the MDs, R Sridharan, is focusing on associates and subsidiaries. Another ma... Read >
Author: Deal4Loan

Small companies give PSU banks most bad loans

Psu banks have put bad loans worth around Rs 6,500 crore on auction for bidding by asset reconst­ruction companies (ARCs). As per data available up to March 11, the bulk of the non-performing assets arose from loans given to mid-sized companies and small ... Read >
Author: Deal4Loan

SBI's OP Bhatt beside freeing up of savings rate

The State Bank of India's(SBI) outgoing chairman Om Prakash Bhatt joined former RBI governor YV Reddy, credited with saving the Indian financial system , in speaking beside freeing up of savings deposit rates as it may beat the very goal of financial encl... Read >
Author: Vicky

Special home loan plan Continues: SBI

The Reserve Bank of India and State Bank of India may still be arguing on whether the fixed-cum-floating rate home loans should be termed 'teaser' or 'terraced'. But small borrowers such as Kamlesh, a nurse in a government hospital, say that they couldn't... Read >
Author: Deal4Loan

PSBs to scrap home loan foreclosure fee

In major relief for home loan borrowers, the government has suggested that the public sector banks (PSBs) stop levying pre-payment penalty or foreclosure charges on home loans. Banks impose penalty of over 2 % of outstanding principal on borrowers who rep... Read >
Author: Deal4Loan

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