Season for teaser loans does not seem to have evanished at least for SBI. The bank is expected to continue with its 8% happy loan scheme even after 31st March 2010 till July. A formal announcement is however yet to be made regarding this issue. SBI chairperson Mr. O.P.Bhatt has said, ?We still have time and will review the situation after March 31.? The major reason behind this plan is the sluggish credit growth still persistent in the country..

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...