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Corp Bank, Union Bank cut rates on home, car loans


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Voxpopuli
int rates
by Voxpopuli on Aug 30, 2012 09:34 PM  | Hide replies

The people of India should take note that this is not for their help but it will help the builders sell off their artificially highly priced units the stock of which is piling up. The banks have a nexus with these greedy builders. People should not get trapped, interest rates low or high, at least for 2 years they should desist from buying the homes so that this nexus of buliders,banks and politicians are forced to make correction and bring the prices to reasonable level. Inspite of such high inflation a decrease in interest rates is simply an out of wordly action, which gives rise to suspicion as to intentions rather than a sigh of relief.

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mohan
Re: int rates
by mohan on Sep 02, 2012 07:01 PM
1)In-dex-terity in the finance ministry
2)catclasm in the study of the relationships and interactions between living organisms and there natural or developed environment.
3)femiliarize to the officals to the high level bribe.
not only homes buy any thing deference is there.
thanks.

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sachin kamdar
Re: int rates
by sachin kamdar on Sep 06, 2012 03:09 PM
Theres a simpler explaination...people are investing in fixed deposits and banks are required to pay around 9 % interest on that..now to pay that 9 % interest bank needs to give that money out as loans at a higher interest say around 11 %.. now as the FD have grown in numbers to remain in business bank needs to sell more loans..hence the lower rate of interest.. ;)

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