ArticleField.comInternet's Fastest Growing Free Content Article DirectoryLeading group-buying real estate portal Groffr.com has tied up with private sector banks to offer bulk consumers home loans that are 0.25-0.75% cheaper than prevailing interest rates. “We have tied up with ICICI Bank and Indiabulls Home Loans, and a couple of Building Societies Associations (BSA) who generate bulk volume for banks. Negotiations are also […]
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 regulator considered potentially reckless lending, the SBI said last week that it would […]
State Bank of India (SBI) has finally withdrawn the teaser rate home loan scheme because of rise in repayments for customers and majorly as the Reserve Bank of India stuck to its view that the product was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 financial system. Their home and car loan schemes […]
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 Introduced by Chaudhuri’s predecessor, O P Bhatt, in early 2009, the teaser loan scheme will be withdrawn from May […]
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 policy review scheduled for May 3. SBI’s base rate, […]
