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| 8% home loan scheme to stay: SBI |
05-NOV-09 |
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The country’s largest lender, State Bank of India (SBI), today said it has no plans to revise its most popular home loan scheme which charges 8 per cent interest for the first year. |
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| PM's council expects benign rates till March |
22-OCT-09 |
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In a signal that interest rates would remain benign for another few months, the Prime Minister’s Economic Advisory Council (PMEAC) today said the current monetary policy stance would continue till March. |
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| Tata Capital cuts auto loan rate |
07-OCT-09 |
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Tata Capital, the non-banking finance subsidiary of the Tata group, has cut its auto loan rates by 50 basis points to 10.5 per cent. |
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| Mortgage lenders move to match SBI rates |
15-AUG-09 |
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The action in the home loans market seems to be hotting up with many banks and housing finance companies moving to match the competitive schemes unveiled by the country’s largest lender, State Bank of India. |
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| SBI slashes home loan rates yet again |
08-AUG-09 |
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The rate war in the home loan segment has just intensified, with the State Bank of India, the country’s largest bank, slashing rates today to attract customers across income segments. |
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| ICICI, IDBI make car loans cheaper |
08-AUG-09 |
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Car loans from ICICI Bank, the country’s largest private sector lender, would be 50-75 basis points (bps) cheaper, while those from IDBI Bank would cost 100 bps less. |
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| Canara Bank cuts auto loan rates |
06-AUG-09 |
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The revised rate is as low as 8.50 per cent for vehicle loans during the first 12 months, 9.50 per cent during the next 24 months, 10 per cent for period above 36 months to 60 months. |
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| SBI cuts deposit rates by 25-50 bps |
25-JUL-09 |
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State Bank of India (SBI), India’s largest bank, will reduce interest rates on term deposits across various maturities by 25-50 basis points (bps) from Monday to bring down its cost of funds. |
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