vIndianz.com (6 Mar, 2010) — Mumbai: State Bank of India has said it was not looking at hiking lending rates at least till May-June.
Private sector lenders like ICICI Bank, HDFC Bank and Kotak Mahindra Bank, on Thursday, announced rise in their lending rates to pass on the burden of rising cost of funds to customers. Both ICICI Bank and home-loan lender, HDFC also discontinued their special home-loan schemes or ‘teaser’ schemes, under which customers could avail loans at cheaper rates.
SBI, country’s largest lender, will take a call on whether to continue its special home-loan scheme, under which it offers loan at 8 per cent fixed rate for a fixed period to customers, by the end of March, according to a top bank official.
Further Reading- Mortgage Rates for US Loans Climb for Third Week – Bloomberg
- Mortgage Rates for US Loans Climb for Third Week – Bloomberg
- Rate on 30-Year Fixed Mortgage Rises to 4.86 Pct. – ABC News
- Mortgage rates tumble; 15-year average falls below 4% – USA Today
- China Construction Bank Executive: Outstanding Loans To Local Government … – Wall Street Journal
- Mortgage rates fall to lowest level of 2011 – Los Angeles Times
- Banks Open Loan Spigot – Wall Street Journal
- Banks Open Loan Spigot – Wall Street Journal
- Home loan rates fall, but so does mortgage demand – Los Angeles Times
- MONEY MARKETS-New ECB facility reinforces rate hike bets – Reuters
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