Mumbai: In order to prop up the sagging home loan market, state-run lenders Central Bank of India and Bank of Maharashtra (BoM) have announced slashing of interest rates by up to 0.25 per cent, and also decided to waive the processing fees.
Pune-headquartered BoM has decided to give housing loans under Rs 25 lakh for a five-year tenor at the reduced base rate (below which it cannot lend) of 10.60 per cent, it said.
Similarly, the city-headquartered Central Bank of India has cut home loan rates by up to 0.25 per cent, it said. A home loan of up to 25 years and under Rs 30 lakh will be available at 10.75 per cent.
Both the lenders have also announced waiver of processing charges. While Central Bank of India is offering a blanket waiver of processing fees for loans across amounts and tenors till March 31, BoM has waived it only for applications under Rs 25 lakh....more
08:14 PM, Feb 19, 2012
New Delhi: He approached the Delhi High Court for quashing of an FIR against him for allegedly misbehaving with a woman. Instead, the court slammed Delhi Police constable Bharat Rattan for his "shameless" act of "misusing" his uniform. Justice Ajit Bharihoke, in his ruling on Friday said, "You (Bharat Rattan) have done a mistake for which you will have to face trial. Therefore, I will not quash the FIR." The...
03:03 PM, Mar 19, 2011