Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.121)

121. 

Which of the following bank introduced repo rate-linked home loans?

[A]. Axis Bank
[B]. State Bank of India
[C]. Canara Bank
[D]. HDFC Bank

Answer: Option B

Explanation:

State Bank of India introduced repo rate-linked home loans. SBI, the country's largest bank by assets home loans linked to the repo rate from July 1, 2019. There are 10 key new facts, repo rate-linked SBI home loan: Key interest rate reduced to 5.75. Repo rate-linked home loan will make changes in the key interest rate by the central bank would be passed on directly to the customers. Interest rates applicable to regular home loans are decided by the commercial banks on a time basis.

Jasvi said: (Jun 13, 2019)  
Can anyone explain what is repo-linked home loans?

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.