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SBI to seek clarifications from RBI on fixed-floating home loan rate

16 Sep 2019 Evaluate

State Bank of India (SBI) will be seeking clarifications from the Reserve Bank of India (RBI) whether it can offer long-term home loans with fixed rates in the beginning and convert the same into floating rates later. The move comes after the RBI has mandated banks to shift all retail lending to floating rates that will be determined by external benchmarks like the repo rate.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.


SBI Share Price

1112.15 4.55 (0.41%)
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Company Name CMP
SBI 1112.15
PNB 114.10
Canara Bank 144.35
Bank Of Baroda 284.10
Union Bank Of India 191.20
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