SBI home loans get cheaper with reduction in MCLR

By Accommodation Times News Services State Bank of India on revised downwards its lending rates by 5 basis points to 9.15 per cent, based on marginal cost of funds, with effect to this loans will get cheaper. The new minimum lending rates are effective from May 1, State Bank of India

NHAI to take unsecured loan of Rs 25,000 Cr from SBI

By Accommodation Times  Bureau NEW DELHI National Highways Authority of India (NHAI) will sign a MoU with SBI for an unsecured loan of Rs 25,000 crore for 10 years with 3 years of moratorium on repayments on August 3, New Delhi in presence of Nitin Gadkari, Minister of Road Transport & Highways. This is

Hike of 0.25 basis points in repo rate will not make major difference to real estate: Niranjan Hiranandani

By Accommodation Times Bureau MUMBAI The RBI has raised a 'cautionary flag' on inflation, by raising the repo rate by 25 basis points. This marks the first interest rate hike in four-and-a-half years. The counter-balancing factor was that the RBI has retained its 'neutral' stance. The six-member monetary policy committee (MPC), headed

SBI, PNB, ICICI Bank raise lending rates

By Accommodation Times Bureau NEW DELHI The State Bank of India (SBI), Punjab National Bank (PNB) and Industrial Credit and Investment Corporation of India (ICICI) Bank has raised up to 0.1 per cent of their benchmark mark lending rates or Marginal Cost of funds based Lending rate (MCLR). The move makes loans at

Highlights from RBI monetary policy

RBI

Accommodation Times New Services Taking the real-estate industry by surprise, the announcement of RBI monetary policy remained largely uneventful. Following are certain highlights from the monetary declaration: The Reserve Bank of India kept the repo rate unchanged at 6.25%. Reserve repo rate is set at 5.75%. RBI kept short term lending rate unchanged. Retail