After the Reserve Bank of India (RBI) reduced a key lending rate, the State Bank of India (SBI) decided to cut interest rates on all home loans up to Rs. 30 lakhs, the bank's chairman, Rajnish Kumar, said in a statement.
He said the bank has the highest market share of the home loans market and it is appropriate to empower the large lower and middle class segment by transmitting the rate cut announced by the RBI.
After the Reserve Bank of India (RBI) reduced a key lending rate, the State Bank of India (SBI) decided to cut interest rates on all home loans up to Rs. 30 lakhs, the bank's chairman, Rajnish Kumar, said in a statement.
He said the bank has the highest market share of the home loans market and it is appropriate to empower the large lower and middle class segment by transmitting the rate cut announced by the RBI.
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