Home, Auto loan to become cheapest in 6 years as SBI, other banks slash rates
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Home, Auto loan to become cheapest in 6 years as SBI, other banks slash rates

Just a day after PM Modi’s New Year’s Eve speech, the country’s largest lender State Bank of India and other banks have cut down their home loan lending rates.  The country’s largest lender, SBI, has reduced marginal cost of funds based lending rate (MCLR) by 0.9 percent from 8.90 percent to 8 percent for …

Banks may allow cash up to Rs 2.5 lakh for wedding from next week
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Banks may allow cash up to Rs 2.5 lakh for wedding from next week

The finance ministry on Thursday had relaxed the rules for wedding and farm withdrawals, with the ceiling fixed at Rs 2.5 lakh per wedding, per family. “In absence of operational guidelines from the RBI, we are unable to give Rs 2.5 lakh for marriage purposes. We are awaiting direction from the RBI,” said Punjab …