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BANKING: SBI home loan customers to get only 50% benefit of cut in base lending rate …


SBI home loan customers to get only 50% benefit of cut in base lending rate 
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SBI home loan customers to get only 50% benefit of cut in base lending rate

Oct 4, 2015
MUMBAI: SBI may have cut its base lending rate by 40 basis points to 9.3 per cent following RBI’s latest policy rate cut, but home loan customers of the top lender will have to pay up to 0.7 per cent above the base rate, and interest of as much as 10 per cent for their loans. …

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Beware, virus targeting email, banking data on the prowl      Timesofindia.indiatimes.com
Jul 26, 2015 
NEW DELHI: Cyber security sleuths have alerted Indian internet users about the destructive phishing attacks by a virus which could compromise personal email and banking-related data. …

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How not to become victims of bank frauds   Moneylife.in
08/05/2015 …
There are many middlemen who meticulously study bank rules, to take advantage of the ignorance of depositors. How to stay clear of them? …

Banks no safe havens for your money; depositors lost Rs 27,000 crore in last five years   Dnaindia.com
8 April 2015
Your money may not be safe in the bank, and not because of macro reasons beyond control. Cheating and forgery have led to public and private sector banks losing as much as Rs.27,000 crore cumulatively in the last five years, reveals information obtained by dna under the Right to Information (RTI) Act. …

Pvt banks to hike fines, charges from April 1   Timesofindia.indiatimes.com

Mar 21, 2015
MUMBAI: The new financial year will begin with a new set of charges and higher penalties for customers of private banks. Most large private banks — including HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank — have announced a hike in charges ahead of the new rules kicking in for penalty on non-maintenance of minimum average balance in savings accounts. …

SBI offers personal loans to existing borrowers at housing loan rates  Economictimes.indiatimes.com
Mar 12, 2015
MUMBAI: State Bank of India is offering a bonanza to its existing home loan customers. They can take personal, or top-up, loans at the same rate that they are paying on home loans under a limited-period offer from the nation’s top lender. …

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