FIRST QUARTER REVIEW OF RBI ANNUAL POLICY 2008-09

Home loan rates, delinquencies may rise

Banking Bureau
Posted: Wednesday, Jul 30, 2008 at 2307 hrs IST
Updated: Wednesday, Jul 30, 2008 at 2307 hrs IST

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Banks likely to retain home loan rates PSBs outperform private banks in Q2 BoB net up 60% to Rs 634 cr SBI eyes second buy in Indonesia

Mumbai, Jul 29: to announce a hike in bank rates. The proposed hike would lead to an increase in our housing loan rates.”

Analysts believe that up to one percent hike in the prevailing floating interest rates of 12.5% for Rs 20 lakh worth home loan of 20-year long tenure could burden a borrower with the monthly equated installment (EMI) of around Rs 1,200 - about 6% rise of EMI. About 80-90% of housing loans fall-in in this category in the country....

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