02/01/2017
Banks, including the countryβs largest lender State Bank of India, have signalled reduction of their retail lending rates over the weekend by slashing their Marginal Cost of Funds based lending rate (MCLR). The reduction in MCLR has pulled lending rates to multi-year lows. After Prime Minister Narendra Modiβs directive to banks on New Yearβs address to act in βpublic interestβ by focusing more on aiding the poor, lower middle class, middle class and senior citizens, several banks announced steep cuts in borrowing rates. [ 467 more words ]
http://propertyforsalemagazine.com/2017/01/02/good-news-home-loans-cheapest-in-6-yrs
Banks, including the countryβs largest lender State Bank of India, have signalled reduction of their retail lending rates over the weekend by slashing their Marginal Cost of Funds based lending ratβ¦