RBI rate cut effect: National Housing Bank cuts lending rate by 0.25 pc

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PTI: Tuesday, Jan 29, 2013 at 1756 hrs IST

National Housing Bank (NHB), the regulator for housing finance companies, today reduced its benchmark lending rate by 0.25 per cent to 9.75 per cent, within hours of RBI key policy rate cut, thereby setting the pace for cheaper home loan rates. "The floating rate Prime Lending Rate (PLR)-linked ....Read more

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v.vijayamohan | Wednesday , 30 Jan '13 19:00:02 PMReply | Forward

The Rate cut and CRR cut put together is a very healthy policy action from the RBI. Now, the Banks are also responding to the cut in rates and CRR by similar reductions. The FM also has indicated matching government action to curb inflation. We can therefore expect the economy to move towards an upward path in the months ahead.