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Bank of Baroda to increase home loan to 10% of domestic portfolio: Report

07 Jun 2013 Evaluate

Bank of Baroda is reportedly planning to increase home loan to 10% of total domestic portfolio. At present, the home loan is at 7% of the total domestic home loan portfolio. Meanwhile, the bank is expecting a CRR cut in upcoming Reserve Bank of India (RBI) policy meet on June 17.

Recently, the bank announced that it will now be charging home loan for the new and existing customers at the Base Rate of 10.25% per annum across all tenures and for any amount. The single rate of interest for all home loan customers is effective from June 01, 2013.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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