SBI cuts home loan interest rates; offers special rates for women

SBI's revised EMI for loan tenure of 30 years will be Rs885 for women and Rs889 for others against the prevailing EMI of Rs900 per lakh

State Bank of India (SBI), the country's largest lender on Thursday announced a separate interest rate structure for woman home loan borrowers. SBI also increased the slabs for interest rate on home loan to Rs75 lakh from Rs30 lakh.


In a statement, SBI said, its revised EMI per lakh rupees for a loan tenure of 30 years will be Rs885 for women and Rs889 for others against the prevailing EMI of Rs900 per lakh.



Loan Limit

Woman Customers*


Upto Rs. 75 lacs

10.10% p.a.

10.15% p.a.

Above Rs. 75 lacs

10.25% p.a.

10.30% p.a.

* Where the woman is the sole applicant or first co-applicant and also the sole or first co-owner of the property.


These new interest rates would be applicable from 20th December, the lender said.





3 years ago

Woww...!!!. this is good move by SBI bank, and SBI is the best for home loan compare to other banks.

Jailed Indian sailor Sunil James released in Togo

Sunil James was under arrest in Togo since July on the charge of aiding pirates who had attacked and looted his Marshall Islands-flagged MT Ocean Centurion

Indian sailor Sunil James, who had been jailed in Togo in July, has been released and is expected to reach India by Friday


According to Ministry of External Affairs India was in touch with Togo authorities to secure on compassionate ground the release of the sailor whose family wanted him to conduct the last rites of his 11-month-old son.


Indian officials from Accra had met the sailor recently and had been pursuing the case of his release with the authorities there.


James has been released, the sources said, adding he is expected to return home by tomorrow.


He was under arrest in the west African country since July on the charge of aiding pirates who had attacked and looted his Marshall Islands-flagged MT Ocean Centurion on 16th July.


The sailor’s 31-year-old wife Aditi and others in the family wanted James to conduct the last rites of his son whose body is lying in a hospital morgue since the toddler’s death from septicaemia on 2nd December.


It was reported that the infant, Vivaan, underwent an operation for intestinal gangrene but doctors could not save him as the infection had spread to his bloodstream.




3 years ago

What abt other two ,who were arrested with him?

Sensex, Nifty on a short uptrend: Wednesday Closing Report

Nifty has to stay above 6,200 for the short upmove to continue

Yesterday, we mentioned that a close well above 6,200 is needed to for Nifty to be back on an uptrend. Today the market has given this short-term signal for an upmove. Tomorrow, Nifty has to stay above 6,200 for the upmove to continue. If the rally continues, it could reach 6,275-6,300 levels.


It was widely anticipated that the Reserve Bank of India (RBI) will raise repo rate to rein in inflation, however, the RBI kept its main lending rate unchanged. This surprised the markets and the indices reacted positively and closed in the green breaking the six-day losing streak.


However, the RBI maintained that it may act upon key interest rates in between policy reviews, should headline or core inflation not ease as expected. Now, the markets look forward to the US Federal Reserve's two-day meeting on its quantitative easing (QE) programme ending later in the day.


The Sensex and Nifty opened at 20,569 and 6,130 which was also the intra-day-low of the day. Post the RBI policy announcement, the market gained strength. The Sensex and Nifty hit a four day (including today) high at 20,918 and 6,236 respectively. The Sensex closed at 20,860 (up 248 points or 1.20%), while Nifty closed at 6,217 (up 78 points or 1.27%). The NSE recorded a higher volume of 66.83 crore shares.


All the other indices on the NSE closed in the positive. The top five gainers were Realty (3.39%); PSU Bank (3.03%); Nifty Midcap 50 (2.28%); Energy (2.15%) and Infra (1.93%).


Of the 50 stocks on the Nifty, 46 ended in the green. The top five gainers were BHEL (6.32%); DLF (5.63%); PNB (4.74%); IndusInd Bank (4.29%) and Bajaj Auto (4.08%). The only three losers were Jindal Steel & Power (0.87%); Sesa Sterlite (0.57%) and UltraTech Cement (0.27%).


Of the 1,224 companies on the NSE, 809 closed in the positive, 346 closed in the negative while 69 remain unchanged.


US indices closed flat with a negative bias yesterday. European indices are trading in the green while US futures were also trading higher. Asian indices had a mix performance. Nikkei 225 (up 2.02%) was the top gainer while NZSE 50 (down 1.10%).


Japanese merchandise exports rose 18.4% from a year earlier to 5.901 trillion yen in November, the Ministry of Finance said Wednesday, the ninth straight month of increase. In September, exports rose 18.6%. Imports rose 21.1% to 7.193 trillion yen in November, the largest figure ever seen for the month, the data showed. Japan's trade surplus came to a deficit of 1.293 trillion yen, up 35.1% from a year earlier and marking the 17th consecutive month of shortfalls, the ministry said. That's larger than any deficit recorded for the month of November in figures dating back to 1979.


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