Category: Business

Loan Rate Cut by Banks

Loan Rate Cut by Banks: Buying a house has become cheaper… Many banks including SBI have reduced the interest rate on home loans, but here they have incurred a loss

Loan Rate Cut by Banks: After the cut in repo rate, banks have also started reducing interest rates. SBI and some other banks have reduced the loan rates. Due to this, taking other loans including home loan has become cheaper. Banks have also reduced interest rates on deposits. Due to this, customers will get less return on deposits.