SBI slashes interest rates on home loans
Source: IRIS | 26 Aug, 2014, 04.04PM
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The State bank of India (SBI) on Tuesday has reduced interest rates on home loans for woman borrowers. It has now been decided to offer uniform interest rate on home loans w.e.f. Aug. 26, 2014, irrespective of the loan amount. It has slashed the interest rate on home loans for women to 10.10% p.a. and for others it has slashed the interest rate to 10.15% p.a.
Shares of the bank declined Rs 15.95, or 0.64%, to settle at Rs 2,493.15. The total volume of shares traded was 184,130 at the BSE (Tuesday).
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