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SBI announce for no change in lending rates

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There is a lot of fluctuation in the current economy of the country and as a part of reviving the situation the Reserve Bank of India has announced the addition of 75 basis points to the cash reserve ratio (CRR). Though there is increase in volume of liquidity in the economy the Indian economy still fights to regain its lost glory as per the source of www.propertykhazana.com.
The leading money lending brand State Bank of India has currently declared that there will not be any change in the interest rates at least for another 5 to 6 months. The current economy has now enough liquidity at its stock but the list of applicants enquiring for further dealing has not yet risen up and hence bank has decided to keep the lending rates stagnant for the time being. As per the source of www.propertykhazana.com, SBI has earlier introduced the teaser loans looking to the down market of the economy which offered low rate of interest for the first years of the loan and then it get increased according to the loan terms.
These kinds of teaser loans was to check the fluency of the customer loan dealing with a minimum rate of 8 percent and it was also termed as Know your customer norms by the banks. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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