Banks have sought clarity from RBI on pricing of old home loans once the new ?base rate? regime sets in. Loan agreements, stretching for 15-20 years, have no provision for replacing the prime lending rate (or PLR) ? the anchor interest rate to which the floating rates are linked...

Banks? teaser rate offers for home loans have failed to attract new borrowers. These schemes offer a low fixed interest rate for the first few years and a floating rate after that. Latest data released by the Reserve Bank of India (RBI) ...

The special invitational or teaser rates for new home loans which were less than those offered to earlier customers are set to be withdrawn. This means a hike of up to 2% in interest rates.....

Amid a debate over teaser rates, bankers are believed to have turned down the RBI?s suggestion to extend the cheaper home loans to existing customers saying that the move will impact their bottom lines....

The Reserve Bank of India (RBI) hiked the cash reserve ratio (CRR) in the monetary policy review last week. Despite a more-than-expected hike in the CRR, banks have, in general, ruled out any immediate hike in lending rates. ...

Banks have expressed concern over the competition commission's intervention on homeloan prepayment penalty issue as they fear that this would put pressure on their costs, increase risk and even lead to higher lending rates. Last month, Competition Commission of India ...