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State Bank of India

SBI to offer repo-linked home loans from July 1

According to experts, the new category of home loans linked to repo rate may see quicker transmission.

8 Jun 2019 1:39 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

5 key changes in annual income tax assessment in Budget 2019

Additional income tax deduction of Rs 1.5 lakh on home loans for houses under Rs 45 lakh announced in Budget 2019.

8 July 2019 8:32 PM IST

A reduction in MCLR helps all new borrowers get the benefit of lower interest rates for all kinds of loans. (Representational image)

Additional tax deduction of Rs 1.50 lakh on interest on home loans...

Government will also provide income tax deduction of Rs 1.5 lakh on interest paid on loans for purchase of electric...

5 July 2019 1:38 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Govt to upfront infuse Rs 70,000-cr capital into public sector banks

The move is expected to generate an additional lending and liquidity in the financial system of upto Rs 5 lakh crore,...

23 Aug 2019 8:09 PM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Home, vehicle, other retail loans to become cheaper: FM

Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.

23 Aug 2019 7:29 PM IST

SBI to move RBI to offer fixed-floating rate home-loans: Chairman

SBI to move RBI to offer fixed-floating rate home-loans: Chairman

Floating rate loans are re-set as when the interest rates fall or rise, but fixed rate loans are reset in 9-12 months.

16 Sept 2019 9:54 AM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

BoI offers home loans at cheaper rates to good credit score holders

A consumer's CIBIL score is a three-digit numeric summary of the credit information report.

7 May 2018 7:23 PM IST

Axis Bank launched a home loan product that entails waiving off a few EMIs during the course of a loan. (Photo: PTI)

Skip a few EMIs with Axis Bank's new home loan product

If a borrower takes a 20-year loan, the consumer will get 12 of the EMIs waived off.

17 Aug 2017 4:47 PM IST

Representational Image

Affordable housing finance companies poised to grow

The companies are poised to grow at 40 per cent over the next four years due to initiatives taken by government.

9 May 2017 9:39 AM IST

According to one estimate just 20-30 per cent of housing in this segment have been sold and the rest are lying idle specially in metros like Delhi, Mumbai and Bengaluru.

Home loan interest too high for Indian buyers: study

There is significant demand for affordable housing amongst younger 25-44 age groups in smaller towns.

30 March 2017 5:15 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI's Realty Solutions website will guide you to your 'dream home'

Currently, 9.5 lakhs home units are available on this website including names like DLF, Sobha, Unitech, Tata Housing and...

18 July 2017 1:38 PM IST

A reduction in MCLR helps all new borrowers get the benefit of lower interest rates for all kinds of loans. (Representational image)

Risk weights cut on home loans credit negative for banks: report

RBI lowered the risk weight for housing loans above Rs 75 lakh to 50 per cent from the earlier 75 per cent.

15 Jun 2017 3:25 PM IST