Realty Stocks Gain as Top Lenders Cut Home Loan Rates

Discussion in 'Must-Read Interviews, Articles & News Items' started by Vidhi Khanna, Apr 16, 2015.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    HDFC and SBI cut home loan rates following the downward revision in base rates (minimum lending rates) by several banks last week. India's biggest banks were forced to lower lending rates last week after Reserve Bank Governor Raghuram Rajan pulled them for not cutting rates despite back-to-back repo cut earlier this year.

    Analysts expect interest rates on home loans to fall further as repo rate is expected to decline further from current 7.5 per cent.

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    https://profit.ndtv.com/news/market/article-realty-stocks-gain-as-top-lenders-cut-home-loan-rates-754441
     
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