• 

  Realtors want banks to pass on rate cut benefits to borrowers

  India | April 04, 2019 19:52 IST

  In a bid to boost the sluggish economy before elections, the RBI Thursday cut the interest rate by 25 basis points for the second time in as many months, a move that may translate into lower EMIs for home and other loans.

• 

  Govt to state-owned banks: Collect passport details of borrowers who have taken loans in excess of Rs 50 crore within 45 days

  Business | March 06, 2018 19:52 IST

  In case the borrower does not have a passport, the bank should obtain a certificate in the form of declaration that the person does not have the passport, sources said quoting the Finance Ministry's advisory to banks.

• 

  RBI Asks Banks Not To Levy Pre-Payment Charges On Home Loans

  April 17, 2012 20:37 IST

  Mumbai, Apr 17: Providing relief to home loan borrowers, the Reserve Bank today asked banks not to levy any penalty on pre-payment of loans taken on floating rate.“Though many banks have, in the recent past,