Dena Bank has trimmed the interest rates on home loans above Rs 30 lakh to Rs 75 lakh by 5 basis points. The bank has reduced the interest rate by 10 basis points for loans above Rs 75 lakh. The bank has passed on benefit of RBI’s risk weight reduction to customers.
In the second bi-monthly monetary policy review announced on June 7, Reserve Bank of India (RBI) had reduced LTV (loan to value) ratios, risk weights and standard asset provisioning rate for individual housing loans for new customers.
Dena Bank is engaged in providing banking services. Its services include treasury, corporate/wholesale banking, retail banking, mobile banking, phone banking, internet banking, international banking, dena automated teller machine (ATM) services and visa bill pay etc.
