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RBI panel recommends benchmark for floating interest rate

Last Updated: Thursday, April 10, 2014, 20:46

A Reserve Bank panel Thursday suggested a benchmark floating interest rate, especially for home loans, to bring greater transparency in the pricing of credit.

Banks seek refuge in home loans, crowd onto HDFC's mortgage turf

Last Updated: Wednesday, January 22, 2014, 14:23

Mortgage lender Housing Development Finance Corp Ltd (HDFC), loved by global investors for its steady profit growth, faces an intensifying battle for business and market share as banks aggressively push home loans.

Don`t see base rate reduction in near future: SBI Chairman

Last Updated: Friday, December 27, 2013, 15:48

SBI Chairman shares her views on RBI policy impact, inflation, NPAs, home loans and much more.

We can expect reversal in interest rates in 2014: SBI Chairman

Last Updated: Friday, December 27, 2013, 15:20

In a free-wheeling chat with <b>Mihir Bhatt</b> of Zee Business, <b>Arundhati Bhattacharya</b>, who took over as the head of the State Bank of India (SBI) in October, shares her views on RBI policy impact, inflation, NPAs, home loans and much more.

Realty sector welcomes home loan rate cuts by SBI, HDFC

Last Updated: Friday, December 20, 2013, 18:26

Welcoming the 0.25 percent rate cut by two of the biggest home loan financiers SBI and HDFC, realty sector participants on Friday said the move will help revive interest in the gloomy market.

SBI, HDFC slash home loan rates

Last Updated: Thursday, December 19, 2013, 17:31

Two biggest housing financiers SBI and HDFC on Thursday cut home loan rates by up to 0.4 percent for new borrowers, a day after the Reserve Bank kept its key policy rates on hold.

Home, auto loans to get costlier as RBI hikes policy rate

Last Updated: Tuesday, October 29, 2013, 14:43

The Reserve Bank of India (RBI) Tuesday hiked a key policy interest rate by 0.25 percent in less than two months to curb inflation, but eased some rupee support measures. The move would make home, auto and other loans costlier.

JPMorgan in $5.1 billion deal with housing agency

Last Updated: Saturday, October 26, 2013, 08:55

JPMorgan Chase & Co has agreed to pay $5.1 billion to settle claims that it and firms it bought misled Fannie Mae and Freddie Mac about the quality of mortgage securities and home loans it sold to them during the housing boom.

Corporation Bank cuts lending rates on home, auto loans

Last Updated: Friday, October 11, 2013, 19:51

State-owned Corporation Bank on Friday reduced interest rates on home, auto and consumer durables loans by up to 1.75 percent to cash in on the festival season demand.

RBI surprises with 0.25% rate hike; EMIs on loans to go up

Last Updated: Friday, September 20, 2013, 14:17

Raghuram Rajan in his maiden policy opted for a hawkish monetary policy stance ahead of the festive season.

RBI surprises with 0.25% rate hike; loans to be costlier

Last Updated: Friday, September 20, 2013, 09:12

The central bank has however slashed the Marginal Facility Lending by 0.75 percent.

RBI, FinMin consider scheme for cheaper auto, home loans

Last Updated: Wednesday, September 18, 2013, 18:39

With little headroom to cut interest rates, the Finance Ministry and the RBI are considering a plan to give cheaper funds to banks to lend to the auto and housing sectors as the festive season approaches.