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

Jan 29 2013, 18:48 IST
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RBI rate cut effect: National Housing Bank cuts lending rate by 0.25 pc RBI rate cut effect: National Housing Bank cuts lending rate by 0.25 pc
SummarySpurred by the surprising RBI rate cut, NHB slashed its loan rate.

pass on the benefit to the borrowers, so that they are hedged from the volatilities in interest rate under the floating regime, NHB Chairman and Managing Director R V Verma said.

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