SBI’s Latest Disruption Is Cheaper Home Loans; Major Changes Unleashed Starting May 1st

May 01, 2019 |
|
Banking
SBI’s Latest Disruption Is Cheaper Home Loans; Major Changes Unleashed Starting May 1st

Days ahead of the Loksabha elections of 2019, the RBI announced a reduction in rates for all the banks in India. This clearly meant that the citizens belonging to the middle class of India will be able to enjoy lower rates of interest on loans and EMIs. 

The State Bank of India, probably for the first time ever, has altered the rates of savings deposits rates and short-term loans as per the rates declared by the RBI.

 

Related Articles

© 2019 Financial Views. All Rights Reserved