News and Events of India

The state bank of India which is the largest bank of India, is now offering only 8% interest rates for home loans for the 1st year period. On saturday, SBI has decided to cut the interest rates for home loans. Those persons who will take the loan within the period 2nd february to 30th april, 2009, 8% interest rates will be applicable for them and after this period, the interest rates will go to the previous rate of SBI. Public sector bank chief officers and Pranab Mukherjee who is recently looking after the finance ministry of India, have announced that SME home loan customers will also get this offer. In addition to this, existing home loan customers are also been offered some exciting discount offers.