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SBI cuts home loan rates; lowest in 6 years

Country's largest lender State Bank of India (SBI) has announced cut in its home loan rates as per media reports. A report in a leading daily stated that “home loans for women (or loans with women as co-borrowers) will be available for 20bps above the benchmark rate, which translates into 9.1 percent. For all other borrowers, home loans will be available at 9.15 percent, it added.

SBI may report 50% fall in net profit in Q4, loan growth expected to be subdued

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State Bank of India (SBI) will announce its financial results for the fourth quarter ended March 31, 2016 on Friday. According to market experts, State Bank of India (SBI) may report around 50 per cent year-on-year fall in net profit figures for the quarter ended March 2016.

The country’s largest lender reported 18.42 per cent rise in consolidated net profit figures at Rs 4,694.11 crore for the quarter ended March 31 2015 against Rs 3,963.82 crore in the corresponding quarter a year ago. On...