Live
- NASA Tracks Five Giant Asteroids on Close Approach to Earth Today
- Pushpa 2 Hits ₹1000 Crore in 6 Days: How It Compares to Other Top Indian Films
- Vivo X200 and X200 Pro Launched in India: Price, Specifications, and Features
- Nitin Gadkari Admits Feeling Embarrassed at Global Summits Over Rising Road Accidents in India
- Comprehensive Review on Indiramma Housing Survey and Welfare Initiatives Conducted via Video Conference
- Jogulamba Temple Records Rs 1.06 Crore Hundi Revenue in 150 Days
- Opposition Slams ‘One Nation, One Election’ Bill as Anti-Democratic; BJP Allies Support the Move
- Celebrate Karthigai Maha Deepam Virtually with Sri Mandir’s LIVE Darshan Experience
- BJP Extends Support to Samagra Shiksha Abhiyan Employees' Strike, Demands Immediate Regularization and Welfare Benefits
- Dr. M. Priyanka Stresses Quality Education, Nutritious Meals, and Cleanliness in Schools
SBH reduces base rate by 15 bps
Following the recent announcement of reduction in policy rates by the Reserve Bank of India (RBI), the Asset Liability Management Committee of State Bank of Hyderabad (SBH) has revised the base rate downwards from 10.20 per cent to 10.05 per cent with effect from May 1.
Interest rates for new housing loans also reduced
Following the recent announcement of reduction in policy rates by the Reserve Bank of India (RBI), the Asset Liability Management Committee of State Bank of Hyderabad (SBH) has revised the base rate downwards from 10.20 per cent to 10.05 per cent with effect from May 1. The rates have been revised to provide a much anticipated relief to borrowers having floating rate advances linked to base rate.
The reduction in base rate would be applicable to all the existing as well as new loans with pricing linked to base rate. Consequent upon reduction of base rate to 10.05 per cent from 10.20 per cent, SBH announced reduction in interest rate of housing loans also with effect from Monday. Housing loans up to 75 lakh will be priced at 5 basis points above base rate while those above 75 lakh will be priced at 10 basis points above base rate.
