Banks to decide on reduction of Housing Loan Interest!
Posted on: 19/Jan/2015 2:48:11 PM
All the premier banks are set to decide on the reduction of the interest rates for housing loans after RBI’s announcement of reduction in lending rates.
RBI had reduced the interest rate on the short-term loans given to the banks.
Major Banks such as State Bank of India, Indian Bank, Andhra Bank, and IDBI Bank have scheduled meetings on this issue this week.
A senior official from the State Bank of India informed that all the banks are interested in extending the benefit of lowered interest rates to their customers. This will ensure growth in the lending sector which will ensure more interests earned by the banks.
